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    Home » Unknown Bitcoin Kit moved 40 thousand BTC between Bech32 addresses

    Unknown Bitcoin Kit moved 40 thousand BTC between Bech32 addresses

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    By BlockchainJournal on May 2, 2019 News
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    On Wednesday, May 1, a large transaction in the amount of 40,000 BTC (more than $ 210 million at the current rate ) was recorded in the Bitcoin network. It is noteworthy that the coins were moved between the addresses of the Bech32 format, native to the Segregated Witness (SegWit) protocol.

    An unknown user has completely emptied his wallet, in which the displaced coins have been “sleeping” since February 2018. Apparently, he simply transferred the bitcoins from the old address to the new one (bc1q5shngj24323nsrmxv99st02na6srekfctt30ch), since no transactions were made at that address until yesterday.

    At the same time, the question remains open as to the reasons why the above-mentioned whale spent such an impressive amount,

    It is also worth noting that, according to bitinfocharts , the specified address is on the 22nd place in the list of the most "weighty" by the number of coins stored on it.

    However, the fact that bitcoins were moved between two Bech32 addresses indicates that users are starting to accept it more and more widely. Last year, many exchanges and purse providers did not support this format, but the situation is definitely changing.

    For example, in March, the Gemini exchange, owned by the Winklevossam brothers, announced the full integration of Bech32. At the end of last year, support for Bech32 addresses was also added by the Kraken exchange and the Binance-owned Wallet Trust Wallet .

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