Bitcoin Mined in Network’s First Month Moved for Very First Time – May 21

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,285

Bitcoin price has at last broken out of its recent range in the high $9,000s, albeit to the downside as price hangs around the $9,300 mark this morning.

Top-20 altcoins have not fared well either, as Ethereum falls almost 4% and XRP drops 3%. The largest movers of the day were Monero and Ethereum Classic, each seeing 6% drops in price.

Top Stories for May 21, 2020 🔥

👉 Bitcoin Possibly Owned by Satoshi Moved for Very First Time

40 Bitcoins which were mined in 2009 have been moved for the very first time since that then, with some believing that they belong to Satoshi Nakamoto.

The coins were confirmed to have been mined in the very first month of Bitcoin’s existence, when the Bitcoin network was extremely small.

The 40 Bitcoin had essentially zero market value at the time they were mined, however their current valuation stands at almost USD$400,000.

👉 Coinbase Custody Now Supporting Staking for ATOM and ALGO

Coinbase Custody launched support for the staking of Cosmos (ATOM) and Algorand (ALGO) today, allowing clients to earn a return on the two assets while under the care of Coinbase.

Tezos is currently the only other cryptocurrency available for staking via Coinbase, but has attracted some negative attention due to a 25% fee.

The staking rewards and fees for ATOM and ALGO via Coinbase are yet to be clarified.

👉 Bitcoin Exchange Reserves Hit 18-Month Low as Users Withdraw Funds

The amount of Bitcoin in exchange reserves has hit the lowest numbers in 18 months, suggesting that users are not currently holding their Bitcoin on exchanges.

The last time exchange reserves were seen at these levels was when Bitcoin price reached its bottom in 2018.