05/20/2020
We have been quiet over at emerging tech as we are updating and creating new content but some interesting news just occurred if you follow the crypto market.
Today, 50 BTC from a block mined in the first months (February) of bitcoins operation was moved out of its original wallet. These coins had remained untouched for over a decade.
This is notable as many people jumped to the conclusion that Satoshi the creator of BTC owned these coins.
The news caused the total market cap of crypto to drop by 7 billion dollars almost instantly.
Many experts have stated that Satoshi is most likely not the owner of these coins and more details can be found in this article:
50 BTC from a block mined in February 2009 is moving. It is the first batch of Bitcoin to move from the Satoshi generation in many years.