Is Satoshi the '2010 megawhale' that is still actively selling Bitcoin?
Description
The weekend didn't bring the anticipated $100K price tag for Bitcoin. In fact, we saw a retracement as we neared the weekly close. This caused some heavy liquidations in the space, particularly with altcoins, but the dawn of a new week has (so far) returned us to that chase for the elusive six-figure price tag. While on Bitcoin, a team of researchers suggests that Satoshi Nakamoto didn't go dormant and that he's been strategically selling from old wallets since 2019. Also, Wrapped Bitcoin (WBTC) has been going through a difficult period as it was delisted from Coinbase and then experienced a flash crash on Binance! Finally, we'll look at the latest update on the seminal Alexey Pertsev and Tornado Cash case.
Further reading:
- Who cares about $100K? 5 Things to know in Bitcoin this week
- Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge
- New Satoshi theory suggests it’s been the ‘2010 megawhale’ all along
- Coinbase to delist Wrapped Bitcoin
- Wrapped Bitcoin flash crashes to $5K on Binance exchange
- Court prolongs Tornado Cash developer Pertsev’s pre-trial detention
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