Stay updated with the latest news and trends in the crypto world, impacting Bitcoin prices, blockchain, DeFi, NFTs, Web3, and crypto regulation. Here’s a recap of today’s significant events:
Satoshi-Era Bitcoin Wallet Awakens After 14 Years
A Bitcoin wallet owned by a miner, dormant for 14 years, has been reactivated. This Satoshi-era wallet, dating back to 2010, sent 50 Bitcoin to the Binance crypto exchange. Onchain analytics firm Lookonchain revealed that the wallet is linked to a miner who earned 50 BTC as mining rewards in July 2010, when Bitcoin was barely a year old and traded at around $0.05. The block reward is 3.125 BTC, making today’s early 50 BTC reward quite significant. The value of the BTC holdings at the time was just $25.
Crypto Scammers Hijack Major Australian News Broadcaster’s YouTube Channel
The YouTube channel of the Seven Network, a major Australian broadcaster, was hijacked by crypto scammers who streamed a deep fake video of Elon Musk promoting a fraudulent crypto scheme. The channel, rebranded to resemble Tesla, featured an AI-generated fake Musk offering a common “double-your-money” scam, promising to return double the amount of any crypto sent to a specified address. At the time of writing, around 150,000 viewers, possibly boosted by bots, were watching three livestreams showing the fake Musk. Links to the 7News YouTube channel were broken, but the hijacked channel still showed the news organization’s verification tick. A spokesperson for Seven stated they are investigating and working with YouTube to resolve the situation.
U.S. Government Transfers 3,940 Bitcoin to Coinbase Exchange
Blockchain analytics firm Arkham Intelligence reported that the U.S. government transferred 3,940 Bitcoin to a Coinbase Prime wallet on June 26. These Bitcoin allegedly come from Banmeet Singh, a dark web vendor convicted on narcotics charges and ordered to forfeit 8,100 BTC, worth about $150 million at the time of his 2019 conviction. The crypto community on social media expressed various reactions, from mere acknowledgment to concerns about the timing of the transfer, especially with one user mentioning potential market impacts and geopolitical tensions.
Summary
- A dormant Bitcoin wallet from the Satoshi era sent 50 BTC to Binance.
- The YouTube channel of Australia’s Seven Network was hijacked by crypto scammers.
- The U.S. government transferred nearly 4,000 Bitcoin to a Coinbase wallet.