The founder of Bitcoin, Satoshi Nakamoto, may have just moved his coins for the first time in 11 years from an old address which moved the entirety of its funds to an untraceable chain. There is also a screenshot that hints on this possibility in the cryptonews, showing that a Bitcoin (BTC) address that collected 50 BTC from a mining reward has just shown the first sign of activity since February 2009 – which was just one month after the creation of Bitcoin.
Data from Blockchair.com shows that the address 17XiVVooLcdCUCMf9s4t4jTExacxwFS5uh has moved all of the 50 BTC mining reward to two different wallets. The image is shown below.
Of this, even 40 BTC is laying inactive on what appears to be a change address, while the remaining 10 BTC has been sent to a multisig address as evidenced by its starting number. The chain of transactions now becomes more difficult to track from here, as the BTC was split into almost dozens of pieces in a complex chain of outputs.
People are now wondering if Satoshi Nakamoto may have moved this amount from his wallet. The original wallet that we saw in 2009 contained a Coinbase transaction generating 50 BTC, which was mined on February 9, 2009.
In the crypto community, people believe the Satoshi fortune is spread between many different wallets, where each contains a Coinbase transaction. There are only three people that knew about Bitcoin at the time: Satoshi, the since-deceased Hal Finney and Martti Malmi.
So, theories about the possible owner are still circulating in the Bitcoin news. Some say that the funds are spread between Finney’s wife and Malmi, but the founder of Bitcoin Satoshi is a likely candidate as well. Theoretically, Satoshi Nakamoto may have moved this sum from the wallet but it is extremely unlikely that an external actor brute-forced the private key to this wallet.
Meanwhile, the price of Bitcoin (BTC) is recovering from the steep fall of 2% today and is now at $9,522 with a slight recovery. The market cap of the most dominant coin lies at $175 billion while its dominance is at 66.8%. All of the coins in the top 10 have lost in value today, and there has been a market wide correction.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]