Dormant Casascius Coins Holding 2K BTC Move

Dormant Casascius Coins Holding 2K BTC Move

Casascius Coins Movement

Casascius Coins Movement
Dormant Bitcoin coins moved

Two Casascius coins containing a total of 2,000 Bitcoin (BTC) have been moved after remaining inactive for 13 years. Casascius coins were physical bitcoins designed as offline cold storage with embedded private keys, created by Mike Caldwell. The project was discontinued in 2013 due to regulatory pressure from the Financial Crimes Enforcement Network (FinCEN). The movement of these long-dormant coins has attracted attention in the cryptocurrency community, as such events often provide insights into the behavior of early Bitcoin adopters and the evolution of the cryptocurrency ecosystem. The transfer of these coins, which were created when Bitcoin was worth significantly less, represents a substantial movement of value in today's market. This development highlights the ongoing relevance of early cryptocurrency innovations and their impact on the current digital asset landscape.

What are Casascius coins?

Casascius coins are physical bitcoins designed as offline cold storage with embedded private keys.

How much Bitcoin was contained in the recently moved coins?

The coins contained a total of 2,000 Bitcoin.

Why was the Casascius project shut down in 2013?

The project was shut down due to regulatory pressure from FinCEN.

Location: Raipur - C.G.

Category: Crypto

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