Around 250 BTC from the early days of Bitcoin, known as the “Satoshi era,” were transferred on Friday in five separate transactions, each moving around 50 BTC to new wallets. The total value of the transfers was close to $16 million.

The coins were originally mined in January 2009, just months after Bitcoin’s launch, and have lain dormant since. Arkham blockchain analysis shows the wallets are not linked to Bitcoin’s pseudonymous creator, Satoshi Nakamoto.

The original wallets that moved the coins are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA,…

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The final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue.

The speakers largely agreed on one idea: the importance of supporting cryptocurrency in America through a concerted bi-partisan effort.

In their shared stage appearance, Brian Armstrong and Congressman Nickel noted that they see it as critical to keep and foster cryptocurrency innovation in America.

This importance, for Nickel in particular, is not so solely founded on a…

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Hut 8 Corp. (Nasdaq | TSX: HUT), a leading Bitcoin mining company, has expanded its partnership with BITMAIN Technologies Ltd., the world’s largest producer of Bitcoin mining servers, to launch the U3S21EXPH, a next-generation ASIC miner. This model will be the first mass-commercialized miner to feature direct liquid-to-chip (DLC) cooling within a U form factor.

Hut 8 plans to deploy the new miner in the second quarter of 2025, with an initial hosting agreement handling approximately 15 exahash per second (EH/s). This hosting deployment, facilitated by custom-built data center infrastructure developed in-house by Hut 8, is a key part of the company’s strategy to expand its computing…

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Crypto.com has achieved a significant regulatory milestone, obtaining full approval from the Central Bank of Bahrain to operate as a payment service provider. Through its Bahraini subsidiary, “FORIS GFS BH B.S.C. CLOSED”, the company can now offer e-money and fiat-based payment services across the region. This includes the introduction of its renowned prepaid cards, further expanding its impressive global presence.

Minister of Sustainable Development, H.E. Noor bint Ali Alkhulaif, praised Crypto.com’s choice of Bahrain for its investment, highlighting the nation’s commitment to fostering a digital-first economy that prioritizes innovation and ease of doing business. Bahrain’s strategic approach, noted for its robust regulatory framework, aims to cultivate a leading environment for blockchain and fintech advancements.

Eric Anziani, President and COO of Crypto.com, commended Bahrain’s efforts in creating a conducive regulatory environment, balancing consumer protection with the commercial potential. With a track record of pioneering crypto regulation within the Gulf Cooperation Council, Bahrain continues to solidify its position as a prime destination for crypto and fintech innovation.

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