Welcome to this week‘s crypto news summary. All the essential news and events in the crypto world from last week (Feb. 6 to Feb. 10) are summarised below, so you‘ll be entirely up to date again before you head into the weekend.
Do you want to know what news there was in the crypto world this week? Then read along quickly!
An old bitcoin wallet suddenly comes back to life after ten years
An old bitcoin (BTC)
wallet that has not conducted any transactions for more than ten years suddenly came to life Wednesday, Feb. 8. The owner of the BTC sent all the bitcoin away.
You can now assume that the owner of this wallet, if they sold all the BTC, made big profits.
This bitcoin wallet contained a total of a whopping 412.2 BTC. These bitcoins were purchased by the wallet's owner in 4 transactions in 2012. When the wallet's owner bought the bitcoin, the cryptocurrency price stood at just over $12. Since the last purchase on Oct. 1, 2012, no bitcoin has been added or sent away.
Looking at the current price, the moved BTC has a total value of $9.6 million. This is a profit of 120,000,000% converted.
AI cryptocurrencies are rising rapidly
Since the launch of Chat GPT, Artificial Intelligence has become unmissable. Chat GPT is an AI chatbot with more than one million users within a few days.
Within the cryptocurrency world, attention is also shifting more and more towards AI. The attention to AI is also strongly reflected in the prices of cryptocurrencies linked to an AI project.
AI tokens have risen by an average of 80% in the past week. AI coins, such as Artificial Intelligence (ALI), Fetch.ai (FET)
and Singularity Net (AGIX), have risen the most. Singularity Net has made the most significant rise of these three in the past week. It is up a whopping 183% in the green.
A Twitter alternative that allows you to earn bitcoin
The founder of the Twitter alternative already announced that a decentralised alternative to the social media channel Twitter was coming online. On Apple, the app is called "Damus", and on Android, the app is called "Amethyst.
Meanwhile, the Apple variant has announced that users can soon expect a new feature that allows users to earn a small portion of Bitcoin (BTC) based on their engagement.
Chiliz launches own blockchain; CHZ price goes up 20%
The popular cryptocurrency Chiliz (CHZ)
, which allows sports clubs to create their own tokens, is launching its blockchain. The company behind the project announces that the first block of the new blockchain has been produced, taking Chiliz into a new phase.
In the minutes following the announcement, the price of the CHZ token shot up 20%. This indicates enough enthusiasm from the Chiliz community about launching its blockchain.
The Chiliz blockchain is EVM-compatible. The abbreviation EVM stands for Ethereum Virtual Machine, which means that on Chiliz's blockchain, it is possible to build smart contracts. Everything possible on the Ethereum blockchain is also possible on Chiliz's blockchain.
Cardano DeFi platform SundaeSwap holds the first round of voting
SundaeSwap (SUNDAE) is a relatively new DeFi platform on the Cardano (ADA)
network. The platform is working on a new proposal where token owners can vote on how founders should run the platform. This development lets owners with at least 10,000 SUNDAE tokens submit proposals that are then voted on. SundaeSwap is, therefore, a great example of a DAO.