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Satoshi-era Bitcoin Wallet Makes Another Major Move

Data from Arkham Intelligence indicates that on Monday, Oct. 14, an ancient Bitcoin whale, who mined BTC shortly after the first Bitcoin block was created on Jan. 13, 2009, moved $630,000 worth of BTC to the Kraken exchange. In the past two months, this address has transferred nearly $5.5 million in Bitcoin and still holds $75.23 million. The previous transfer occurred on Oct. 7 and was of similar size. Speculation arises around the real identity of Satoshi Nakamoto, especially following an HBO documentary identifying Bitcoin developer Peter Todd as Satoshi.

Binance Adds Two Hot New Pairs for Major Coins

Binance recently announced the listing of two new trading pairs for popular tokens: the Sui Network token (SUI) and the meme cryptocurrency Turbo (TURBO). The SUI token is paired with the Brazilian real, potentially enhancing its growth in Brazil's strong crypto market. TURBO is paired with the Turkish lira, which may boost its momentum in Turkey. SUI has surged 140% since early September, while TURBO has seen over 30% growth in the last day. Trading for these pairs opened on Binance Spot on Oct. 16 at 8:00 a.m. (UTC).

Investing Just $1,000 in Bitcoin 14 Years Ago Would Have Resulted in Massive Fortune

Fourteen years ago, a user on the Bitcointalk forum inquired about the safety of investing $1,000 in Bitcoin, valued then at just $0.10. Bitcoin historian Pete Rizzo estimates this investment could now be worth $600 million. Initially, Bitcoin's value was based on mining electricity costs, making it very low. Early users mined it on personal computers, receiving block rewards of 50 BTC. Significant speculative interest surged in 2011, with Bitcoin reaching $1 in February and nearly $30 by June. By 2017, Bitcoin gained mainstream recognition and was regarded as the best asset of the 2010s. Experts, including MicroStrategy CEO Michael Saylor, believe BTC still has substantial growth potential.

This article was originally published on U.Today.