Digital Assets: Bitcoin Nuggets
A Reddit user recovers long-lost private keys to bitcoin hoard, cashes in $4.2 million; and other stories.
A student found the long-forgotten private keys to a 2011 stash of 127 bitcoin on December 22 when the crypto was trading in the $23,000s range. The lucky HODLer (“BitcoinHolderThankU”) then cashed them out for a net haul of $4.24 million at a price of $33,439.02 per coin minus a 0.15% fee. (COIN TELEGRAPH)
The bitcoin hoard was created in 2011 or 2012 through “surveys, watching videos, and completing random tasks.” The objective: to purchase in-game currency for the online game DarkOrbit. They never got around to buying the currency and the bitcoins just sat in an old-model Dell Computer – not lost – just forgotten – until now.
But, somebody else was downright unlucky
A crypto user known as Onnar related his tale of woe on Reddit of how he lost access to 2.6 BTC from the transfer of his wallet to a new computer acquired during the Christmas holidays. (Bitcoin.com)
Onnar erased the hard disk of an old computer, not realizing the passwords required to access the private keys of 2.6 BTC he owned were stored in a password manager on the machine.
Though the private keys were safely backed up, without the password they were inaccessible.
The damage: over $100,000.
Got 25 BTC or 800 ETH? Trade either for 2 NYC bars!
Patrick Hughes, the owner of bars Hellcat Annie’s and Scruffy Duffy’s, has put them up for sale.
Both are available to anyone willing to fork out 25 BTC or 800 ETH. (Each bar is valued at around $975,000). (COIN DESK)
Hughes is a bitcoin believer and a fiat currency skeptic.
“The next crisis, you won’t have to run out and buy toilet paper,” he told the New York Post. “You can just use your dollars.”
Latest Alternative Investment News
The People’s Bank of China published a draft set of rules on Wednesday for anti-trust regulation of the non-bank payment providers in the fintech sector. The draft is in the…
Filings out Wednesday show that the BlackRock Strategic Income Opportunities Portfolio and BlackRock Global Allocation Fund may invest in cash-settled bitcoin futures, among other assets. BlackRock (NYSE: BLK), the world’s…
AI is playing an increasingly bigger role in the management of wind energy, wind farms, and the maintenance of wind turbines through machine condition monitoring systems. Google (NASDAQ: GOOGL) predicts…
Harvest Portfolios Group Inc. completed last week the initial offering of Class A Units of the Harvest Clean Energy ETF (TSE: HCLN). The units of the ETF commenced trading on…