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Dormant BTC [BTC] ‘whale’ addresses witness surge in activity

Dormant btc [btc] ‘whale’ addresses witness surge in activity

Dormant BTC [BTC] ‘whale’ addresses witness surge in activity

Addresses holding BTC that haven’t been active for over six months to almost two and a half years are now moving BTC, the data compiled by analytics firm Flipside Crypto shows. Sixty percent of BTC in circulation right now is held by wallets that have been active in the past month. Bloomberg reports that similar wallet activity led to the wild price swings in the years 2015 and 2017.

BTC price now hovers near the $3600 mark. It is believed that about 1,000 addresses hold 85% of all existing BTCs. There are some behemoths out there, addresses that might hold millions of dollars worth of BTC. These are called whales, many of which have remained quite inactive. However, the waking of these dormant whales might move prices either way, by either instigating fear or might inspire hope and belief in investors, depending on whether the whales buy or sell.

Eric Stone, Flipside Crypto’s head of data science, said:

“It’s definitely a big shift. There’s more potential than usual for price swings.” He also added that there is 40% more active BTC now that in the summer of 2017.

Dormant btc [btc] ‘whale’ addresses witness surge in activity

Source: Flipside Crypto

Dormant btc [btc] ‘whale’ addresses witness surge in activity

Source: Flipside Crypto

The CEO of Flipside, David Balter, told Bloomberg:

“We’ve definitely seen that many long-time holders of BTC are becoming active.”

The number of inactive accounts has halved, and there was a sudden surge in the number of accounts that participated in BTC transactions. While this might be similar to 2017, as pointed out by Stone, there is nothing to suggest that this time, too, BTC prices will be positively impacted.

It all hinges on whether the holders buy or sell, and how the community and BTC investors react to market activity. Whales selling BTC might be catastrophic, whereas whales buying could drive demand, and prices, upward.

The post Dormant BTC [BTC] ‘whale’ addresses witness surge in activity appeared first on AMBCrypto.

Published at Tue, 15 Jan 2019 11:03:49 +0000

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WikiLeaks Now Supports Bitcoin SegWit Addresses for Donations

WikiLeaks has long relied upon donations in order to keep exposing government and corporate secrets and corruption. Now another avenue of support is open as Julian Assange announces that WikiLeaks now supports bitcoin SegWit addresses.

WikiLeaks has tirelessly worked to analyze and publish restricted and censored data that exposes corruption and other organizational secrets. In its 10 years of existence, it has amassed a database of over 10 million documents that shed light on things that governments and other entities would prefer to remain in the shadows. WikiLeaks supports a number of donation methods, and the latest one is Bitcoin SegWit addresses.

Donating to Illuminate the Dark

WikiLeaks has expanded its donation base as Julian Assange notes that the group now supports bitcoin SegWit addresses. He notes that transaction fees from SegWit-enabled wallets are minimized, which might help encourage more donations to keep WikiLeaks up and running.

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Those looking to donate can use WikiLeaks’ main address or generate a one-time private address if they choose to do so. WikiLeaks takes multiple cryptocurrencies as donations, including ZCash, Litecoin, and Monero.

Made for Each Other

Cryptocurrency and WikiLeaks are really made for each other. The non-profit organization relies upon anonymous individuals handing over documents that they feel should see the light of day. Both virtual currency and WikiLeaks exist outside the system and offer a means of promoting change while expanding the exercise of individual freedom.

Julian Assange and WikiLeaks do have a long association with bitcoin. Just two months ago, Assange tweeted that the organization was pushed into investing into the cryptocurrency due to the US government forcing payment companies (Mastercard, Visa, etc.) to carry out “an illegal banking blockade” against WikiLeaks.

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But it seems that WikiLeaks and Assange has had the last laugh. He says that the group began investing in bitcoins back in 2010 and are now enjoying an extremely healthy return of over 50,000%.

While WikiLeaks has reaped the benefits of government sanctions, thanks to bitcoin and its phenomenal rise in value, Julian Assange is still stuck in the London embassy for Ecuador. He fled to the embassy in 2012 to escape extradition attempts from Sweden for an alleged rape, but Sweden eventually dropped the charges against him. However, the UK police still have a warrant for his arrest for breaking his bail conditions when he moved into the embassy. There he sits, but he and his organization are still proving themselves to be a thorn in the sides of the extremely powerful.

It seems fitting for WikiLeaks to support bitcoin SegWit addresses as many governments are working to restrict cryptocurrency. Now crypto enthusiasts can donate and help stick it to The Man.

What do you think about WikiLeaks now supporting bitcoin SegWit addresses? Have you ever donated to WikiLeaks? Let us know in the comments below.

Images courtesy of Twitter/@JulianAssange and Wikimedia Commons.

The post WikiLeaks Now Supports Bitcoin SegWit Addresses for Donations appeared first on Bitcoinist.com.

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