98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When Made

Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March.Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March.Glassnode CTO Rafael Schultze-Kraft, notes several metrics pointing to recent miner accumulation —....

Data suggests that almost $100 billion in gift card funds go unspent each year, and Centz is just looking to make sure consumers get their money’s worth. Centz is teaming up with decentralized crowdfunding source OpenLedger. The crypto and anti-fraud venture, which allows customers to garner cash from unused gift cards, is working with the incubation platform to spur a new funding round this coming November following an announcement at Money 20/20 in Las Vegas. The company’s claim-to-fame revolves around gift cards. Data suggests that almost $100 billion in gift card funds go unspent each....

The total number of Cardano wallets with a balance of at least $1 million has surged, from 3,625 on July 20 to 9,830 on Aug. 24. Cardano (ADA) addresses with a balance greater than $1 million have surged 173% during the latest ADA price rally.Specifically, the ADA/USD exchange rate gained almost 200% after bottoming out at $1.007 on July 20. The pair reached its record high of $3.02 in the previous session, a move that was followed by a 6.42% price correction to $2.73 at the time of writing.Meanwhile, the same period saw the total number of Cardano wallets that hold at least $1 million....

On-chain data shows Bitcoin whales haven’t budged despite the recent dips, and are rather continuing to accumulate more. Whales Continue To Accumulate More Bitcoin As pointed out by a CryptoQuant post, the Bitcoin sum coin age (SCA) indicator has been going up, showing long-term holders are continuing to accumulate. The SCA is a BTC metric that tells us about the distribution of long-term holders. It’s calculated by taking the product of the UTxO (Unspent Transaction Output) alive days and the UTxO value. The “age” of a coin is measured in “coin days.”....

Satoshi Nakamoto, the mysterious creator of bitcoin, has a lot of coins that remain unspent. What is he or she likely to do with them, and how might it affect the bitcoin universe? This article was inspired by a CoinDesk commenter, who worried that we don't know much about Satoshi's intentions. "That hoard gives him way, way, way too much potential influence and wealth," they said. Satoshi certainly has a lot of funds. Bitcoin security consultant Sergio Lerner's oft-cited analysis puts the figure at around 1m BTC, based on the early mining that he or she did. Most of those coins were....