TWIC: Bitcoin Genesis Wallets Awaken, BlackRock Predicts BTC Boom, and MXC Token Migration Deadline Nears
Welcome to this week in Crypto! This week, long-dormant Bitcoin miner wallets stir, BlackRock publishes a bullish Bitcoin report, and MXC token holders face an important migration deadline. Let’s dive into the details:
- Bitcoin Miner Wallets Awaken After 15 Years — Is This Satoshi?
- BlackRock Issues White Paper, Bitcoin Rallies Past $62.6K
- Final Call for MXC Token Migration to AXS
Bitcoin Miner Wallets Awaken After 15 Years — Is This Satoshi?
On Sept. 20, five wallets tied to Bitcoin miners who received rewards back in 2009 began moving BTC. These wallets hold 250 BTC, each worth about $63,000 at current prices, totaling nearly $15.9 million. The block rewards were mined just weeks after Bitcoin’s launch, between January and February of 2009, hinting that the wallets likely belonged to people involved at Bitcoin’s very inception.
Some in the crypto community are speculating whether these wallets might belong to Satoshi Nakamoto, the pseudonymous Bitcoin creator. Others have suggested they could belong to early Bitcoin developer Hal Finney, who received the first Bitcoin transaction from Nakamoto. As the BTC movements were flagged, users on X (formerly Twitter) joked that someone could have “found their old hard drive” or “woke up from a coma” to discover they were now a millionaire.
Whether the wallets are linked to Nakamoto or another early Bitcoin adopter remains a mystery. However, their sudden movement has reignited conversations about the origins of Bitcoin and its early days.
BlackRock Issues White Paper, Bitcoin Rallies Past $62.6K
On Sept. 18, BlackRock, the world’s largest asset manager, published a white paper outlining Bitcoin’s potential as a hedge against macroeconomic and geopolitical risks. In response, Bitcoin surged 6%, briefly reclaiming $62,600 for the first time in over three weeks.
The white paper titled “Bitcoin: A Unique Diversifier” highlights how the decentralized, permissionless nature of Bitcoin makes it a “truly open-access monetary system” detached from traditional financial risks like banking crises, sovereign debt crises, and geopolitical disruptions. BlackRock praised Bitcoin for having “no traditional counterparty risk” and shared data showing how Bitcoin outperformed the S&P 500 and gold during past geopolitical events.
With some analysts predicting that Bitcoin could rally to $92,000 in the coming months based on historical trends, BlackRock’s endorsement could mark a turning point in institutional recognition of Bitcoin as a financial safe haven.
Final Call for MXC Token Migration to AXS
MXC has announced that the final round of token migration for Datadash users to AXS is underway, with a submission deadline set for Sept. 30, 2024. The migration allows users to transfer their tokens from Datadash, ensuring they remain secure as the platform transitions to AXS.
Here’s how to complete the migration:
- Check your email for a unique migration code from MXC.
- Fill out the migration form using the provided code.
- If you haven’t received a code, send an email to hello@mxc.org with the subject “Transfer Request.”
After the deadline, tokens will no longer be transferable from Datadash, so MXC has extended the process to ensure everyone has enough time to secure their assets.
