Massive Bitcoin Awakening: 2 Physical Coins Unlock $179 Million After 13 Years
Two long-dormant Casascius coins, each loaded with 1,000 Bitcoin, were activated on Friday, unlocking more than $179 million that had sat untouched for over 13 years. Related Reading: Bitcoin Adoption Is Just Getting Started — 200x Growth Possible, Tom Lee Says According to onchain data, one of the coins was minted in October 2012 when Bitcoin traded at $11.69. The other dates back to December 2011, when BTC was worth $3.88, giving that piece a theoretical gain near 2.3 million% since minting. Historic Physical Coins Activated Based on reports, Casascius coins (metal coins) were produced....
Related News
Physical coins are an interesting addition to the digital aspect of Bitcoin. Whereas it is not possible to physically hold your Bitcoin balance, there is a way to give them a physical representation by funding physical coins with BTC. Many manufacturers have been creating coins over the past few years, and Crypto Vault has unveiled its limited edition 24K gold plated and 0.5oz .999 fine silver Vault Coins. Crypto Vault entered the Bitcoin scene in March of 2015, when the young company announced its first product, “Vault Coin.” As the name suggests, Vault Coin is a physical coin that can be....
Given the electronic nature of digital currencies, physical bitcoins may seem to be a paradox – yet the market remains a thriving niche for collectors and enthusiasts. Indeed, the purpose of owning physical bitcoins varies. While some use the coins to create a dialogue about cryptocurrency, others want to be able to hold and collect what they see as an actual piece of the technology's history. But not all physical bitcoins are created equal, and none may be more prized among collectors than the creations of Kialara, a project that has set itself apart for intricate designs that may look....
With over $790 million worth of tokens set to unlock across several cryptocurrencies this week, Dogecoin’s (DOGE) daily linear unlock will inject millions of tokens into its already massive circulating supply. The timing couldn’t be more critical, coming just as rate cuts and new institutional products are expected to fuel bullish momentum. 96.54 Million DOGE […]
At some point in the 7th Century BC, the measured round metallic objects we know and love as “coins” became our archetype for money. Fiat currency – paper tickets purporting to represent actual coins – emerged as its nemesis a millennia later. Our ancestors were not amused as their rulers engaged in the common parlor trick of shaving down and adding....
The Optimism native token OP is now in the line of fire with millions of tokens set to be released into circulation. This threatens the altcoin’s price which is already on a downward spiral after carrying out its 3rd airdrop. Optimism Set To Unlock 24 Million Tokens In the latest iteration of its token unlock events, the Optimism network is looking at over 24 million tokens being unlocked and brought into circulation. On-chain token tracking website Token Unlocks reports that the 24.16 million token is worth approximately $30.7 million at current prices. Related Reading: Market Analysts....