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Today, for the first time in nearly a decade, this substantial bitcoin cache was transferred. The activity was detected by the blockchain parsing tool btcparser.com, marking its movement at block height 888,655. The originating wallet, identified as “1PqHk,” is a legacy Pay-to-Pubkey-Hash (P2PKH) address, created on March 18, 2016. The funds sent two outputs to 15PNyjkBcUpe8KSrKgTQsU6KHwukr8ShLb in the sum of ‎236.31257057 BTC and ‎298.62935046 BTC. The funds were redirected to another P2PKH wallet—15PNy—where they remain as of 7:30 p.m. Eastern Time (ET) on March 20, 2025. The transaction was executed at a minimal cost of $1.12, with a fee rate of 5 satoshis per virtual byte (sat/vB). When originally acquired, the bitcoin in this wallet was worth just $222,000, meaning the holdings have appreciated by an astonishing 20,272.97%. According to Blockchair’s privacy assessment tool, the transfer achieved a privacy rating of 90 out of 100 due to output address duplication. The bitcoin cash ( BCH) linked to this wallet had already been spent on Aug. 7, 2017. So far, this 534.94 BTC transaction stands as the largest single movement this month from a dormant wallet dating between 2009 and 2017. The sudden movement of these long-dormant funds raises questions about the motivations behind the transfer, whether it signals a shift in strategy, renewed interest, or simple consolidation. With bitcoin’s value skyrocketing since the acquisition, the move showcases the enduring impact of early bitcoin adoption. For now, the consolidated 534.94 BTC remains untouched, leaving speculation as the only certainty. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

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LG is winding down its Art Lab, allowing collectors to withdraw NFTs before its closure in June. South Korean multinational electronics tycoon LG is winding down its LG Art Lab platform, a marketplace for non-fungible tokens launched to bring digital art to its premium screens. In a Thursday announcement on its official website, the company said it made the “difficult decision to close the platform” as the NFT space “continues to evolve.” Launched in 2022, Art Lab will officially shut down on June 17. To help users transition, LG outlined two ways for collectors and artists to transfer their assets. “LG Art Lab Team will automatically transfer the assets that are currently in LG Art Lab Marketplace for re-sell to collectors own wallets by April 30,” the company said, adding that users can manually move their artworks or withdraw them from the marketplace. “While this chapter is coming to an end, our passion for digital art and innovation remains strong, and we look forward to seeing how the NFT space continues to grow and evolve.” Art Lab While the company didn’t provide specifics on why it was shutting down LG Art Lab, it still hinted at shifting priorities, saying “it is the right time to shift our focus and explore new opportunities.” We are live on Ethereum!⛓️ Discover, collect, and display digital masterpieces right from your LG Smart TV First up: @Amadon His work now available on LG Art Lab Initially available only on the Hedera network, LG Art Lab later migrated to Ethereum, though it remains unclear how much that transition impacted adoption. LG says customer support for Art Lab users will be available until July 18. The move follows LG’s broader involvement in digital innovation. In 2023, the company teamed up with metaverse firms Oorbit and Pixelynx to integrate virtual experiences directly into its smart TVs. Oorbit’s technology was described as “the thread that binds virtual worlds together,” allowing LG’s smart TV users to access AI-generated multiplayer games and virtual concerts through cloud streaming. LG has not indicated whether its metaverse ambitions will continue beyond Art Lab’s closure.

A Bitcoin-focused bill has been introduced in the Minnesota state senate, aiming to modernize the state’s financial system and encourage cryptocurrency adoption. The Minnesota Bitcoin Act (SF2661), sponsored by Senator Jeremy Miller, aims to legalize Bitcoin and affirm the possibility of using digital currencies for state-related transactions. If enacted, the bill would allow the Minnesota State Board of Investment to invest state money in Bitcoins and other virtual currencies in the same way that it invests in stocks or bonds. Likewise, state employees may choose to incorporate the Bitcoin investment into their employee retirement funds, which will expand investment opportunities. The bill also allows residents to pay taxes and fees to the state using Bitcoin. This amplifies similar actions that are being undertaken by other states, such as Colorado and Utah, which are trying to incorporate virtual assets into the economy. One of the provisions of the legislation relates to the taxation of cryptocurrency income. Some Bitcoin and other digital asset gains would be eligible for deductions that can help reduce assessable income. As noted by Miller, this approach sought to bring in more investments from the cryptocurrency realm and also offer benefits to residents on the economic front. Miller emphasized that the use of digital currencies is prevalent, and Minnesota had to be at the forefront of this movement. He said that cryptocurrencies can bring new financial prospects and increase the economic potential of the state. “I believe global digital currencies are here to stay, and it’s inevitable that they become more and more mainstream,” Miller noted. Minnesota follows other states that are considering bills for investing in crypto assets. Both Arizona and Texas have come up with similar bills, which shows the growing adoption of state legislation on digital assets. On March 11, lawmakers of the Texas House of Representatives submitted House Bill 4258, which proposes that the state’s chief financial officer invest up to $250 million of the state’s economic stabilization fund in Bitcoin and other cryptocurrencies. Arizona’s Senate also passed the Strategic Digital Assets Reserve bill (SB 1373), which seeks the creation of an Arizona Digital Assets Reserve Fund under the management of the Arizona State Treasurer. At present, at least 18 states are considering crypto reserve bills. As CNF recently reported, Oklahoma passed the Bitcoin Freedom Act, allowing state employees to accept, make or receive payments in Bitcoin. These measures align with a national debate on the use of cryptocurrencies. In July, United States US Sen. Cynthia Lummis introduced the Strategic Bitcoin Reserve Act and recommended the US government buy one million BTC within five years. Lummis recently reintroduced the BITCOIN Act on March 12, suggesting that the government will amass more of Bitcoin beyond this initial target. Bitcoin adoption in the United States has already grown with the ETFs, but the community is expecting more with an American Bitcoin-backed reserve.

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