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Crypto

Dormant bitcoin whale moves 26.96 BTC after 12 years, unrealised gain 7,975 percent

A long-dormant holding of 26.96 bitcoin moved to a new personal wallet after more than 12 years, attracting attention amid growing security concerns. The transfer, worth about $1.76 million, was moved from a legacy address to a nested SegWit address, with no further transactions recorded. The coins are estimated to have been bought in January 2014 near $803 each, implying an unrealised gain of about $1.73 million, or about 7,975 percent.

Crypto

Coldcard losses mount as Zhao says no asset is 100 percent safe

Binance founder Changpeng Zhao (창펑 자오) urged cryptocurrency holders to stay alert on wallet security after about 1,082.65 bitcoin worth $70.2 million was stolen through a vulnerability in the Coldcard hardware wallet. Decrypt reported Zhao said hardware wallets, including long-used ones, can have bugs and that nothing is 100 percent safe. Galaxy Research said it tracked 1,082.65 bitcoin withdrawn from 1,196 addresses in 41 minutes on July 30.

Crypto

Bitcoin faces biggest governance dispute in years as BIP-110 raises chain split fears

Bitcoin is facing its biggest governance dispute in years ahead of the blockchain reaching block height 961,632, as debate spreads over BIP-110, a proposal to limit non-financial data in transactions. Supporters say it protects Bitcoin’s original purpose and reduces node costs. Opponents question the push process and warn enforcement without broad economic consensus could fuel a minority chain split and raise censorship concerns.