50 BTC from Feb 2009 is moving.

That's just one month after first bitcoin block was mined. There is not a lot of people who can do this, perhaps close associates of Satoshi.

My question is why, not who, is sending 50 BTC for the first time in more than 10 years.

@Bitcoin_Magazine

Grayscale Investments bought up to 33% of all newly minted bitcoin over the last 3 months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 $BTC to its #Bitcoin Trust Fund between Febr 7 & May 17, a researcher posted on Reddit.

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​​❗️Important Miners statistics

I will update this one every week while we are hanging below 10k.

New difficulty level turned out to be a bit lower due to a hash rate drop. Still, the Revenue is really low despite huge transaction fees - more than $5 in average.

It's getting clear that $9k level is NOT comfortable for Miners. As the price is stuck between the global ascending support and 10k resistance, Miners are at the crossroads. If $BTC breaks above 10k, they are safe, but if Bitcoin break the support and form a downtrend, Miners are in danger.

In case of a BTC dump, I expect almost all individuals to stop mining. This can lead to a Chinese monopoly - sounds weird when you talk about decentralized Bitcoin, isn't it?

Anyway I really hope that the correction won't last long.

@Bitcoin_Magazine

Federal Reserve Balance Sheet reaches over $7,000,000,000,000. $1tn growth within a month.

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Ethereum now holds four times more Bitcoin than Lightning Network

https://www.trustnodes.com/2020/05/24/ethereum-now-holds-four-times-more-bitcoin-than-the-lightning-network

​​Grayscale's Bitcoin Trust is on a whole new level in 2020.

Average weekly investment (Q1 2019): $3.2 million
Average weekly investment (Q1 2020): $29.9 million

Institutional money has arrived.

@Bitcoin_Magazine

​​The number of tweets about bitcoin are starting to pick up again. And it's crazy how, for all intents and purposes, no one is tweeting about Ethereum. $BTC

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​​60% of all bitcoin has not moved on the blockchain for at least 1 year. This is an indication of significant hodl'ing.

The last time this happened was in early 2016, at the start of the bull run.

#bitcoin

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Goldman Sachs: In 2019, $2.8 billion in Bitcoin was sent to currency exchanges from criminal entities.

Fun Fact: Goldman Sachs facilitated $6 billion in money laundering via 1MDB scandal between 2012-13.

Double standard much?

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Vodafone has partnered w/ #blockchain startup Energy Web to connect “billions'' of distributed energy generating assets via IoT & DLT. Energy Web announced the partnership on May 26, revealing that the project will combine SIM-centric DLT w/ IoT connectivity provided by Vodafone.

@Bitcoin_Magazine

“Open Source Money,” a docu series on a crypto firm financed w/ #cryptocurrency will air on cable in the U.S.

According to an announcement on May 29, Discovery Science will air the docu series about Disney-incubated #blockchain company Dragonchain on July 4.

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​​60% of the #Bitcoin supply hasn't moved in over a year, showing increased investor hodling behaviour.

Last time we saw these levels was right before the $BTC bull market of 2017.

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BREAKING: E-commerce giant, Amazon, files patent for a #blockchain system for supply chain tracking of goods.

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​​CME #bitcoin options had a new record volume day yesterday with July calls trading in good size

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BTC overhead stepping stones:

1. $10K - Resistance & psychological barrier

2. $10.5K - 1st higher high, changes market structure.

3. $11.6K - Last 3 cycles, a monthly close above 50% Fib retracement = 🚀

4. $14K - A close above monthly ATH close always = 🚀

​​Another massive week for Grayscale.

Grayscale added 9,503 BTC to their #Bitcoin  Trust since last week (28,413 BTC since the halving).

Bitcoin miners only produced 6,863 #BTC  since last week (19,200 $BTC

@Bitcoin_Magazine

​​VeChain $VET with the leaked Tyson Foods partnership 🔥🔥🔥

Peep the VeChain QR codes on the Tyson Foods products, a huge partnership and real world use case for the blockchain space 🚀

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Bitcoin will be the next world reserve currency.