$8M Worth of ‘Sleeping’ Bitcoin Rewards from 2010 Moved the Day Before ‘Black Thursday’
Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred to Bitfinex on October 1. A parser recorded the old coins being spent and since mid-February 2020, roughly 33 so-called ‘sleeping bitcoin addresses’ from ten years ago have been spent to-date. Interestingly, 20 out of the 33, 2010-issued rewards moved this year were spent the day before ‘Black Thursday.’ Earlier this week, the software...
All Currencies Will Be Pegged to Bitcoin, Says ‘Price of Tomorrow’ Author Jeff Booth
Entrepreneur and popular author Jeff Booth has predicted a grim future for fiat currencies, expecting them to fail as central banks keep printing money. Foreseeing an unavoidable, severe depression and banking failure, he believes bitcoin will become the world’s reserve currency and all national currencies will be pegged to it. ‘Highly Likely’ Bitcoin Will Become the Reserve Currency The author of “The Price of Tomorrow: Why Deflation...
Interest in Bitcoin Soars in Egypt Amid Economic Crisis and Unemployment
A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading. Egyptians Increasingly Attracted to Bitcoin Many Egyptians are drawn to bitcoin amid the coronavirus pandemic, economic crisis, and resulting unemployment, Al-Monitor news outlet reported last week. A...
Megaupload Lawsuits Remain on Hold Until 2021, Or (Much) Later
There are a few recurring themes TorrentFreak has covered over the past decade, with the Megaupload case being a prime example. For those who haven’t been around long enough, Megaupload was once one of the largest file-sharing empires on the Internet. It was founded in 2005 and grew exponentially in the years that followed. The site first made mainstream headlines late 2011, when it released the Megaupload song, a PR stunt of epic...
New Law Requires Google & Apple to Remove Pirate Apps or Face ISP Blocking
For well over a decade copyright holders have been developing their capabilities to block sites at the ISP level. Specially crafted “no fault” injunctions obtained around the world mean that thousands of sites are now inaccessible (at least directly) by local audiences. Of course, piracy hasn’t stood still since the first blockade was put in place in Denmark around 2006. Site operators have come up with various techniques to nullify...
