\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/paoloardoino\/status\/1499472211232571395\n<\/div><\/figure>\n\n\n\n

As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite Bitcoin being down over 30% from all-time highs, the coin has traded relatively stable in 2022 according to its historical price data. The relationship between Bitcoin and the S&P500 has hit a 17 month high<\/a>, dictating the stability it has seen in comparison to other 'stable' investments.<\/p>\n","post_title":"Bitcoin Reaches $46,000 For First Time Since January","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-reaches-46000-for-first-time-since-january","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2023-04-11 12:50:26","post_modified_gmt":"2023-04-11 02:50:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Ukraine has been able to utilize the decentralized nature of cryptocurrencies to gain support<\/a> for their country, compared to sites like GoFundMe where many pages have been blocked for violating their strict policies.<\/p>\n\n\n\n

Despite Bitcoin being down over 30% from all-time highs, the coin has traded relatively stable in 2022 according to its historical price data. The relationship between Bitcoin and the S&P500 has hit a 17 month high<\/a>, dictating the stability it has seen in comparison to other 'stable' investments.<\/p>\n","post_title":"Bitcoin Reaches $46,000 For First Time Since January","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-reaches-46000-for-first-time-since-january","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2023-04-11 12:50:26","post_modified_gmt":"2023-04-11 02:50:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The breakout of Bitcoin can be linked to the socio-economics currently taking place in the world. With the war against Ukraine, crypto has become an outlet for war-torn victims who cannot safely use their fiat currencies.<\/p>\n\n\n\n

Ukraine has been able to utilize the decentralized nature of cryptocurrencies to gain support<\/a> for their country, compared to sites like GoFundMe where many pages have been blocked for violating their strict policies.<\/p>\n\n\n\n

Despite Bitcoin being down over 30% from all-time highs, the coin has traded relatively stable in 2022 according to its historical price data. The relationship between Bitcoin and the S&P500 has hit a 17 month high<\/a>, dictating the stability it has seen in comparison to other 'stable' investments.<\/p>\n","post_title":"Bitcoin Reaches $46,000 For First Time Since January","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-reaches-46000-for-first-time-since-january","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2023-04-11 12:50:26","post_modified_gmt":"2023-04-11 02:50:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Bitcoin Price Data (28th March) - Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n\n\n\n

The breakout of Bitcoin can be linked to the socio-economics currently taking place in the world. With the war against Ukraine, crypto has become an outlet for war-torn victims who cannot safely use their fiat currencies.<\/p>\n\n\n\n

Ukraine has been able to utilize the decentralized nature of cryptocurrencies to gain support<\/a> for their country, compared to sites like GoFundMe where many pages have been blocked for violating their strict policies.<\/p>\n\n\n\n

Despite Bitcoin being down over 30% from all-time highs, the coin has traded relatively stable in 2022 according to its historical price data. The relationship between Bitcoin and the S&P500 has hit a 17 month high<\/a>, dictating the stability it has seen in comparison to other 'stable' investments.<\/p>\n","post_title":"Bitcoin Reaches $46,000 For First Time Since January","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-reaches-46000-for-first-time-since-january","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2023-04-11 12:50:26","post_modified_gmt":"2023-04-11 02:50:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

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\n

Bitcoin has pumped<\/a> to a high of $46,826. This is the coin's highest price since January 1st of this year when it reached $47,686.<\/p>\n\n\n\n

\"\"
Bitcoin Price Data (28th March) - Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n\n\n\n

The breakout of Bitcoin can be linked to the socio-economics currently taking place in the world. With the war against Ukraine, crypto has become an outlet for war-torn victims who cannot safely use their fiat currencies.<\/p>\n\n\n\n

Ukraine has been able to utilize the decentralized nature of cryptocurrencies to gain support<\/a> for their country, compared to sites like GoFundMe where many pages have been blocked for violating their strict policies.<\/p>\n\n\n\n

Despite Bitcoin being down over 30% from all-time highs, the coin has traded relatively stable in 2022 according to its historical price data. The relationship between Bitcoin and the S&P500 has hit a 17 month high<\/a>, dictating the stability it has seen in comparison to other 'stable' investments.<\/p>\n","post_title":"Bitcoin Reaches $46,000 For First Time Since January","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-reaches-46000-for-first-time-since-january","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2023-04-11 12:50:26","post_modified_gmt":"2023-04-11 02:50:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4127","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n

It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n

A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n

Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin Price Data<\/a> (March 16th to March 22nd) - CoinMarketCap<\/figcaption><\/figure>\n","post_title":"El Salvador Businesses Barely Impacted By Bitcoins Legality","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-businesses-barely-impacted-by-bitcoins-legality","to_ping":"","pinged":"","post_modified":"2023-04-11 12:51:16","post_modified_gmt":"2023-04-11 02:51:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4045","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4043,"post_author":"1","post_date":"2022-03-22 12:22:01","post_date_gmt":"2022-03-22 01:22:01","post_content":"\n

Deputy Minister of Communications and Multimedia Zahidi Zainul believes that Malaysia should accept Bitcoin and cryptocurrencies as a legal tender. <\/p>\n\n\n\n

Zainul put forward a proposal to accept Bitcoin as legal tender in the Malaysia Parliament on Monday. \"We hope the government can allow this,\" said Zaihidi \"We are trying to see how we can legalize this so that we can develop youth participation in crypto and assist them.\u201d <\/p>\n\n\n\n

Currently, Malaysia ranks 23rd on Chainalysis' 2021 Global Crypto Adoption Index<\/a>. This shows the country is comfortable with cryptocurrency transactions and could react well to the legalization of them.<\/p>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, who officially adopted Bitcoin<\/a> as legal tender in September of 2021. Although the adoption of Bitcoin in El Salvador according to business owners hasn't had much of an impact<\/a>. Currently, a mere 14% of businesses have transacted with Bitcoin.<\/p>\n\n\n\n

According to a Bloomberg report<\/a>, Malaysia's central bank hasn't announced any plans to adopt Bitcoin as a legal tender yet. Despite this in September 2021, Malaysia joined a trial for Project Dunbar<\/a>, with the Bank for International Settlements. In January the central bank\u00a0announced<\/a>\u00a0they were working on a proof of concept for a Central Bank Digital Currency (CBDC)<\/a>. <\/p>\n\n\n\n

Project Dunbar is testing the uses cases of CBDCs. Along with Malaysia, Australia, Singapore, and South Africa have also joined the project.<\/p>\n","post_title":"Malaysia Should Make Bitcoin Legal Tender Proposes Deputy Minister","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"malaysia-should-make-bitcoin-legal-tender-proposes-deputy-minister","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/\nhttps:\/\/www.thedistributed.co\/el-salvador-businesses-barely-impacted-by-bitcoins-legality\/","post_modified":"2023-04-11 12:51:39","post_modified_gmt":"2023-04-11 02:51:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4043","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3836,"post_author":"1","post_date":"2022-03-08 19:11:16","post_date_gmt":"2022-03-08 08:11:16","post_content":"\n

A Bitcoin<\/a> wallet that has been non-active for over 8 years has been activated, according to Whale Alert<\/a>.<\/p>\n\n\n\n

Since it was last active in 2013, the Bitcoins were worth around US$355,000. <\/p>\n\n\n\n

Whereas now they are worth<\/a> around US$15,600,000. This means the holder made around a 4000% gain, not bad.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/whale_alert\/status\/1500691936025493509?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1500691936025493509%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-33908213211268268891.ampproject.net%2F2202230359001%2Fframe.html\n<\/div><\/figure>\n\n\n\n

The transaction<\/a> shows that the Bitcoins were split amongst various wallets. This may mean that a total dump isn't in the eyes of the wallet's owner, not right now at least. <\/p>\n\n\n\n

Why Now?<\/h2>\n\n\n\n

The activation of the wallet is due to the times of turmoil within Europe following Russia's invasion<\/a> of Ukraine. Despite this fact, markets have actually recovered<\/a> to highs greater than prior to the invasion. Uncertainty of what is to come may have had an influence on the decision though.<\/p>\n\n\n\n

Alternatively, the Bitcoin whale may have finally been able to unlock it after many years. Many wallets dating back to 2011 have been activated recently, this comes with the question, are they linked with Satoshi Nakamoto?<\/p>\n\n\n\n

This begs the question, how many dormant wallets holding a huge amount of Bitcoin are out there, waiting to be activated.<\/p>\n\n\n\n


\n\n\n\n

Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling or holding of cryptocurrencies and digital assets.\u00a0<\/p>\n","post_title":"Whale Alert: Ancient Bitcoin Wallet Containing 407 $BTC Was Just Activated","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"whale-alert-ancient-bitcoin-wallet-containing-407-btc-was-just-activated","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-markets-collapse-in-reaction-to-russias-war-on-ukraine\/","post_modified":"2023-04-30 21:38:13","post_modified_gmt":"2023-04-30 11:38:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3836","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3771,"post_author":"1","post_date":"2022-03-04 20:51:41","post_date_gmt":"2022-03-04 09:51:41","post_content":"\n

Lugano, Switzerland is set to become the blockchain hub of Europe after the 'de-facto' legalization of Bitcoin<\/a> and Tether<\/a>.<\/p>\n\n\n\n

Alongside Tether and Bitcoin, Luagno's own LVGA Points token will also be recognized as a 'de-facto' legal tender<\/a>, as the Swiss Franc is still the official legal tender.<\/p>\n\n\n\n

Mayor of Lugano, Michele Foletti announced<\/a> through Lugano's Plan B event, the implications the decision being made will have on the city. Alongside Foletti, Tethers CTO Paolo Ardoino spoke about the city and stated that the project was aimed at attracting talent to Lugano and making the city a major blockchain hub in Europe.<\/p>\n\n\n\n

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4177,"post_author":"2","post_date":"2022-03-30 21:13:11","post_date_gmt":"2022-03-30 10:13:11","post_content":"\n

Sheffield, United Kingdom, 30th March, 2022, Chainwire<\/strong><\/span><\/p>

The Cardano blockchain has seen dramatic improvements this year, as it has proved to be secure and scalable after the Alonzo Hard Fork back in September which brought smart contract capabilities and saw lots of projects being launched on the Cardano ecosystem, one of them being Bashoswap<\/a>.<\/p>\n

Bashoswap is a Cardano based decentralized exchange (DEX) that will enable permisionless exchanges between ADA and other Cardano-based crypto assets.Bashoswap will be holding it's second AMA on Cardanodaily, A Cardano focus community to shed more light on the Visions and the bashoswap development progress.\u00a0<\/p>\n

Founded by Beri Ardas, a blockchain entrepreneur with years of experience in the cryptocurrency industry and backed by a team of seasoned full stack development team. With the current Milkomeda Mainnet launch, the Bashoswap team is already exploring the opportunities of building a Multi-Chain DEX that will make it possible to swap Ethereum & Binance based tokens on Cardano.<\/p>\n

Utilizing Milkomeda, Bashoswap will bring together existing functionalities on other blockchains such as Uniswap and Pancakeswap and repurpose them for the Cardano Blockchain.<\/p>\n

Bashoswap according to it\u2019s White paper is developing disruptive DApps and protocols for the Cardano ecosystem that will include a permissionless on-chain staking, LP toking, lending and governance protocols tailored specifically for the Cardano ecosystem that will be powered by the BASH token, $BASH, Bashoswap's utility token, can be used in various ways by the community, including Staking, Farming BASH token, and governance.\u00a0<\/p>\n

Cardano tokens can be swapped, liquidity can be added to generate LP fees, and a launch pad for Cardano startups will be available at platform launch.\u00a0<\/p>\n

Early adopters can join Bash's Private token sale round to be whitelisted to get hold the bash-swap utility token before it goes public.<\/p>\n

Interested Users can visit the Bashswap Private Round Whitelist Page<\/a> to secure a whitelist spot.\u00a0<\/p>\n

About Bashoswap <\/b>
\nBashoswap is a native, 100% scalable Cardano decentralized exchange and automated market maker protocol on the Cardano Blockchain. \u00a0<\/p>

Contacts<\/h5>Co Founder<\/strong>