More ancient Bitcoins leave from its wallet after 10-year hibernation

BTC price action in 2022 is being accompanied by seriously old coins leaving hibernation after ten years or more.

Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant.

The latest on-chain data reveals that two-year BTC price lows have reawakened the most ancient part of the supply.

“Very old” bitcoins come back to life

As BTC/USD returns to levels not seen since Q4 2020, questions are arising over how long-term holders will respond.

The on-chain picture is mixed — the dormant supply is aging, but certain old hands are showing signs of wanting to sell at current prices.

The latest piece of the puzzle comes in the form of BTC returning to circulation after remaining in the same wallet for at least ten years.

Off the menu since 2012 — or even before — a total of 510.65 BTC moved again for the first time last week.

Little is known about the origin of the coins and the motive behind them coming back to life. The movements were noted by Philip Swift, creator of on-chain analytics resource LookIntoBitcoin.

“We saw the movement of some VERY old coins last week. Coins that had not moved onchain for +10yrs,” he commented on social media on Sep. 27.

BTC moves after 10 years+ dormancy chart (screenshot). Source: LookIntoBitcoin

10-year inactive BTC hits record high

At the same time, separate data from on-chain analytics firm Glassnode has confirmed that more of the BTC supply has now been dormant for a decade or more than ever before.

Related: Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016

As of Sep. 27, a total of 2,521,378.890 BTC has stayed out of circulation for a minimum of ten years — a new all-time high.

BTC supply last active 10 years ago or more chart. Source: Glassnode/ Twitter

Cointelegraph has been closely monitoring movements of old coins as the latest Bitcoin bear market takes hold.

Late August, for example, was marked by 10,000 BTC suddenly moving on-chain, leaving its wallet for the first time since 2013. At the time, concerns even linked the stash to defunct exchange Mt. Gox, a theory later disregarded.

According to LookIntoBitcoin, meanwhile, Bitcoin’s June lows saw a larger tranche for 10-year+ coins move in a single day, with 477.80 BTC recorded on Jun. 14.

Bitcoin spent output lifespan of 10+ years chart. Source: Glassnode

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.


Out of curiosity, a man bought a cursed painting that ruined his life

A man who calls himself a “collector of strange things” was walking through a flea market and came across a painting that its seller called cursed.

For the sake of interest, the “collector” bought this painting, but as it turned out later, it really only brought him misfortune.

Dan Smith (a pseudonym) said that a painting of two dolls – a regular one and a rag one – was sold with a loud warning, but he deliberately ignored it because he did not really believe in such things and he was curious if the curse would affect him.

And as soon as he brought this painting home, he began an “epic losing streak.”

First he developed abnormal insomnia, later he found that his house was teeming with cockroaches, and then his pet hamster, being completely healthy, suddenly died.

After that, the man began to suffer from excruciating anxiety, as well as from loneliness, which he had not been burdened with before. One by one, he developed illnesses.

Eventually Dan Smith decided to get rid of the painting by selling it on eBay. He thinks that the painting might be bought by someone who collects paranormal things on purpose.

“The woman at the flea market warned me before buying this, and I’m warning you – nothing good can come from this painting. At the time, I didn’t attach much importance to it and just assumed that she was one of those eccentric dealers selling their goods on the cheap,” Dan wrote in the accompanying product description.

“As for the painting, it looked adorable, it featured two innocent-looking dolls… but she was right – don’t be fooled. I don’t know whose damned blood was mixed with the paint to create this piece, but its power is great “.

Dan Smith explained that he could have simply destroyed the painting, set it on fire, but believes that this comes with the risk of exposing himself to even more misfortune.

He is selling the painting for the same price he bought it for, but he hopes that people interested in the occult will pay a little more to make up for the losses incurred because of it:

“I’m starting the auction at $50, which is exactly what I paid for it, but I hope it goes to more to make up for everything I’ve been through. But before you bid…you’ve been warned!”

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Galaxy Digital to provide market data to blockchains with Chainlink

Galaxy announced that they will provide market data so that smart contract developers can build better blockchain applications.

Despite the innovations brought about by blockchain technology, a blockchain by itself does not automatically come with market data. To fix this, the trading and asset management firm Galaxy Digital has collaborated with the blockchain oracle provider Chainlink. 

In an announcement sent to Cointelegraph, Galaxy highlighted that the firm will provide its crypto pricing data to blockchains through Chainlink. The firm believes that with this data, smart contract developers will have the ability to build more advanced decentralized applications (DApps).

Zane Glauber, the head of strategic opportunities at Galaxy, told Cointelegraph that they believe that the integration will have a positive effect on the blockchain ecosystem. He explained that:

“Blockchains don’t come preloaded with external data, so we’re providing reference prices for spot digital assets that will be able to power a variety of complicated financial structures that only have traditionally been the domain of our existing financial system.”

According to Glauber, market data will be important to decentralized finance (DeFi) primitives and DApps because these products need reference prices that can be embedded within smart contracts. “The growth of these future products should help secure the growing total value locked on DeFi apps, supporting the future development of the ecosystem,” he said.

Yaser Jazouane, an executive at Chainlink, also commented on Galaxy’s move. Jazouane said that high-quality pricing data is a key that unlocks various use cases all across DeFi. “High-quality market data underpins the DeFi economy,” he said.

Related: Nasdaq reportedly preparing crypto custody services for institutions

While DeFi still looks to have a lot of potential for development, the space is still hounded by hacks and exploits. Just recently, a vulnerability in the vanity wallet address generator Profanity was exploited by hackers. Because of this, several wallets lost around 3.3 million worth of crypto assets. More than a week later, another wallet address was attacked, resulting in a hacker stealing almost $1 million in Ether (ETH).


Woman claims to have been eating only water for 41 years

A Vietnamese woman claims to have given up solid food more than four decades ago and has since eaten only water with a little salt, sugar and lemon juice added, reports

63-year-old Ngon is known in her hometown of Tan Trach (Vietnamese province of Long An) for her unique diet. For the past 41 years, she has allegedly lived on water with a few grams of salt and sugar, as well as a little lemon juice.

Not only does she look great for her age, but she is in excellent health. She is always full of energy and can perform yoga poses that people a few decades younger than her would not be able to repeat.

Ngon ate rice and other solid foods until the age of 21, when she began to have serious health problems. Her eyesight began to deteriorate, her stomach hurt constantly, and she vomited daily.

Tests showed that she was suffering from a blood disorder. After trying the prescribed treatment and not noticing any significant improvement in her health, she decided to stop taking the medication, thinking that she did not have long to live.

It was then that a doctor allegedly came to her and advised her to start drinking water mixed with a little salt and sugar and stop eating solid food. He told her that he could squeeze some fruit juice into the water if she wanted to, but nothing else.

The mysterious man told her that following this diet would save her eyesight and possibly even cure her blood disease, but he insisted that she never reveal his name to anyone because the method was completely unscientific and people would criticize him for it.

The woman kept her promise even after her benefactor passed away. No one, not even her family, knows his name, and no one will ever know. The only thing she can say is that his advice worked and she is living proof of that.

Ngog recalled that when she began to eat exclusively water 41 years ago , her family was strongly against it, accusing her of wanting to starve herself to death.

At one point, they threatened to go on a hunger strike with her in order to die together, but she managed to convince them that she was not trying to kill herself, but quite the opposite. When her health began to improve, she was no longer asked to eat normal food.

The 63-year-old woman admitted that life on water alone can get a little boring at times, even if you add a few drops of fruit juice to give it a little flavor. Sometimes she takes a piece of sugar in her mouth and drinks it down with water to dissolve it, just to spice it up.

After her health improved, Ngog decided to become a doctor. She is currently a member of the Long An Acupuncture Association and a yoga teacher. She sees her commitment to promoting an active and healthy lifestyle as a “payback” to the doctor who once saved her life.

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Russia aims to use CBDC for international settlements with China: Report

Russia is currently in the pilot phase of its CBDC development and is expected to complete the development by early next year.

Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade.

According to a report published in Reuters, Russia is reportedly planning to use the digital rouble for mutual settlements with China by next year. The digital rouble is currently being tested for settling with the banks and is expected to be completed by early next year.

The United States Treasury Department added 22 individuals and two Russia-based entities to the sanction list in the third week of September. With the growing sanctions against Russia from the West in the wake of the ongoing conflict with Ukraine, the country has been actively looking for alternate financial routes and trade settlements.

Anatoly Aksakov, head of the finance committee in Russia’s lower house of parliament, recently admitted that the geo-political crisis has limited Russia’s accessibility to the international trade market. This is why they have been actively working for alternate modes of payment and trade settlements, and national digital currency seems to be the primary choice at the moment. He said,

“The topic of digital financial assets, the digital rouble and cryptocurrencies are currently intensifying in society, as Western countries are imposing sanctions and creating problems for bank transfers, including in international settlements.”

Russia has joined the growing list of countries that are in the final phase of their CBDC development. According to the Bank of Russia’s latest monetary policy update, the authority will begin to connect all banks and credit institutions to the digital rouble platform in 2024.

The reports of the use of the digital rouble for mutual trade settlements in the international trade market come within a week of reports that hinted at possible crypto use for cross-border payments.

Related: Crypto offers Russia no way out from Western sanctions

Russia adopted a crypto law in 2020, prohibiting the use of cryptocurrencies as a form of payment. However, the law didn’t ban other crypto-focused activities such as mining and crypto trading.

With the rise of sanctions and growing uncertainty in the international trade market, Russia has turned to its national digital currency as a medium of exchange to weaken U.S dominance in the international trade market.


Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016

A classic snap of sideways trading action sees the Bitcoin price aim higher, but concerns remain over what happens next.

Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC price 9-day highs greet traders

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sep. 26 close.

Local highs of $20,344 appeared on Bitstamp before the pair began consolidating at around $20,200.

The move naturally did not go unnoticed by in trading circles, but opinions differed over the outcome, amid warnings that the whole episode may end up trapping overoptimistic traders taking late long positions.

“No [rejection] yet, but soon. Expecting higher for now,” popular Twitter account Il Capo of Crypto summarized, sticking by a theory which demanded new lower lows than the sub-$19,000 levels seen over the past week.

Research firm Santiment meanwhile noted mass profit-taking beginning as Bitcoin recrossed the $20,000 boundary for the first time in over a week.

“Many traders were apparently awaiting the $20k threshold to begin selling their bags,” it revealed alongside a chart of transactions made at a profit or loss to their owner.

“As Bitcoin crossed back above this psychological level, mass profit taking ensued. Now we find out whether those anxious to sell will regret their decisions.”Bitcoin transactions in profit/ loss annotated chart. Source: Santiment/ Twitter

Can bulls beat “Septembear?”

In a sign of how even modest price moves can impact market sentiment, meanwhile, the return to $20,000 set up BTC/USD to finish September higher than at the start.

Related: ‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week

As noted by on-chain analytics resource Material Indicators, all now rested on bulls’ ability to defend BTC price action into the monthly close.

“BTC now in position for a green Monthly close…if it can hold through Friday. Taking profits along the way,” it confirmed in a tweet.

While modest, Bitcoin’s September gains totaled 0.7% at the time of writing, with BTC/USD at $20,200. If the month ends up “green,” it would be the first non-loss making September since 2016, data from Coinglass shows.

Just a day previously, Bitcoin was looking at monthly losses of 6% or more.

BTC/USD monthly returns chart (screenshot). Source: Coinglass

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.


The Lament of Hermes: A Soul-Stirring Prophecy of Civilizational Decline and the End-Times

There was a widespread belief in the ancient times that human civilization has declined from an erstwhile Golden Age of uncommon peace and prosperity, when all men were virtuous. The ancient accounts reveal that the high levels of planetary consciousness of the higher Ages allowed our ancestors to interact with extra-dimensional beings that they called their “gods”. In the Golden Age, the gods lived on the Earth with humans, married mortal women and gave birth to demi-gods of extraordinary strength and magical prowess. The gods founded kingdoms, established the rules of monarchy, built temples and instituted rituals and sacrifices. In the Critias, Plato wrote,


One Egyptologist Claims to Find Nefertiti’s Tomb, Another Says He Already Has Her Mummy

It has been just 100 years since the epic discovery of the tomb of King Tutankhamun’s tomb by Howard Carter in Egypt’s Valley of the Kings. When his mummy was uncovered, it was thought that this discovery would lead to finding the tomb of Queen Nefertiti, the wife of Tut’s father Akhenaten, possible pharaoh herself and model for one of the most famous busts in history. However, Tut seemed to be no help in the search for Nefertiti’s tomb nor her remains. While many suspected burial sites have been found and unidentified female mummies claimed to be hers, none have been verified conclusively. That may change soon … to the possible disappointment of one of two Egyptologists working on the case. One claims he’s located Nefertiti’s tomb, while the other claims to have located and identified her mummy with DNA analysis. Which one will provide the ultimate proof of Nefertiti first?


A Flying Monster, a Woman in Black and Ancient Secrets: Here’s the Strange and Sinister Story

Colin Perks – an Englishman who died prematurely in 2009 – was for years possessed by a definitive obsession. As a child, Perks became fascinated by the legends pertaining to one of the most well-known and cherished figures of British folklore: King Arthur. For Perks, however, Arthur was far more than mere myth. Perks, like so many other students of Arthurian lore, came to believe that the stories of King Arthur were based upon the exploits and battles of an all too real ruler of that name. This Arthur held sway over significant portions of ancient Britain from the latter part of the 5th Century to the early part of the 6th. He and his fearless soldiers bravely fought off invading hordes of Germanic Saxons and, as a result, left major marks upon British history and mythology. By the time Perks reached his thirties, he was the proud possessor of a huge library on all-things of a King Arthur-themed nature. His research, by now, was not just focused on the past, however. Rather, Perks, following clues that he believed were hidden in a series of complex codes and ciphers that had been provided to him by a fellow Arthur-enthusiast in 1978, was a man on a mission to find the final resting place of King Arthur. The location, Perks concluded, was somewhere in the vicinity of the old English town of Glastonbury.


Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

Some governments can negatively impact Bitcoin’s environmental footprint by banning BTC mining, according to new data from Cambridge.

The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data.

The Cambridge Centre for Alternative Finance (CCAF) on Tuesday released a major update to its Bitcoin mining-dedicated data source, the Cambridge Bitcoin Electricity Consumption Index (CBECI).

According to the data from Cambridge, fossil fuels like coal and natural gas made up almost two-thirds of Bitcoin’s total electricity mix as of January 2022, accounting for more than 62%. As such, the share of sustainable energy sources in the BTC energy mix amounted to 38%.

The new study suggests that coal alone accounted for nearly 37% of Bitcoin’s total electricity consumption as of early 2022, becoming the largest single energy source for BTC mining. Among sustainable energy sources, hydropower was found to be the largest resource, with a share of roughly 15%.

Despite Bitcoin mining significantly relying on coal and hydropower, the shares of these energy sources in the total BTC energy mix have been dropping over the past several years. In 2020, coal power powered 40% of global BTC mining. Hydropower’s share has more than halved from 2020 to 2021, tumbling from 34% to 15%.

Bitcoin mining electricity mix from 2019 to 2022. Source: CCAF

In contrast, the role of natural gas and nuclear energy in Bitcoin mining has been notably growing over the past two years. The share of gas in the BTC electricity mix surged from about 13% in 2020 to 23% in 2021, while the percentage of nuclear energy increased from 4% in 2021 to nearly 9% in 2022.

According to Cambridge analysts, Chinese miner relocations were a major reason behind sharp fluctuations in Bitcoin’s energy mix in 2020 and 2021. China’s crackdown on crypto in 2021 and the associated miner migration resulted in a major drop in the share of hydroelectric power in the BTC energy mix. As previously reported, Chinese authorities shut down a number of crypto mining farms powered by hydroelectricity in 2021.

“The Chinese government’s ban on cryptocurrency mining and the resulting shift in Bitcoin mining activity to other countries negatively impacted Bitcoin’s environmental footprint,” the study suggested.

The analysts also emphasized that the BTC electricity mix hugely varies depending on the region. Countries like Kazakhstan still rely heavily on fossil fuels, while in countries like Sweden, the share of sustainable energy sources in electricity generation is about 98%.

The surge of nuclear and gas energy in Bitcoin’s electricity mix allegedly reflects the “shift of mining power towards the United States,” the analysts stated. According to the U.S. Energy Information Administration, most of the nation’s electricity was generated by natural gas, which accounted for more than 38% of the country’s total electricity production. Coal and nuclear energy accounted for 22% and 19%, respectively.

Among other insights related to the latest CBECI update, the study also found that greenhouse gas (GHG) emissions associated with BTC mining accounted for 48 million tons of carbon dioxide equivalent (MTCO2e) as of Sept. 21, 2022. That is 14% lower than the estimated GHG emissions in 2021. According to the study’s estimates, the current GHG emissions levels related to Bitcoin represent roughly 0.1% of global GHG emissions.

Combining all the previously mentioned findings, the index estimates that by mid-September, about 199.6 MtCO2e can be attributed to the Bitcoin network since its inception. The analysts stressed that about 92% of all emissions have occurred since 2018.

Total greenhouse emissions related to Bitcoin as of mid-September 2022. Source: CCAF

As previously reported, the CCAF has been working on CBECI as part of its multi-year research initiative known as the Cambridge Digital Assets Programme (CDAP). The CDAP’s institutional collaborators include finance institutions like British International Investment, the Dubai International Finance Centre, Accenture, EY, Fidelity, Mastercard, Visa and others.

Related: Bitcoin could become a zero-emission network: Report

The new CDAP findings noticeably differ from data by the Bitcoin Mining Council (BMC), which in July estimated the share of sustainable sources in Bitcoin’s electricity mix at nearly 60%.

“It doesn’t include nuclear or fossil fuels so from that you can imply that around 30-40% of the industry is powered by fossil fuels,” Bitfarms chief mining officer Ben Gagnon told Cointelegraph in August.

According to CBECI project lead Alexander Neumueller, the CDAP’s approach is different from the Bitcoin Mining Council when it comes to estimating Bitcoin’s electricity mix.

“We use information from our mining map to see where Bitcoin miners are located, and then examine the country, state, or province’s electricity mix. As I understand it, the Bitcoin Mining Council asks its members to self-report this data in a survey,” Neumueller stated. He still mentioned that there are still a few nuances related to lack of data in the study.

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