Nearly $1 billion in bitcoin from the fourth-largest wallet just moved
November 3, 2020, 5:14PM EST
1 min read
69,369 bitcoins, worth approximately $955 million, just moved out of wallet address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx, the fourth-largest bitcoin wallet according to BitInfoCharts.
This is the first outflow activity of the wallet since April 2015. Vice previously reported that the address has been passed among hacker circles in an attempt to crack the wallet and access the bitcoins inside.
This piece has been updated with a link to the 2015 outflow from the wallet
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.