Dormant Bitcoin Wallet 馃憶 Holding Bitcoin Worth Over $15M Activated After Eight Years

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ROI Overload is a daily radio show/video podcast show focused on the latest in trending topics in business, tech, finance and startups hosted by Scott D. Clary (@scottdclary).

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Welcome to Roy Overload daily business, tech and finance news. I'm Scott Declare. This is what's making news today. Dormant bitcoin Wallet Holding over fifteen million worth a bitcoin was just activated after eight years. Hackers steal a hundred fifty thousand dollars worth of Crypto from a NFT project. Nicola agrees to pay a hundred and twenty five million dollar settlement with the SEC and B Ga. BGA report says nft gaming generated two point three two billion dollars in q three. Let's jump right into it. So first story of the day. An old, dormant bitcoin wallet holding millions of dollars worth a bitcoin is come out of dormants the wall. It has three hundred and twenty one bitcoin and with the current market rate, it is worth fifteen million, one hundred and three thousand and forty six dollars compared to the six thousand five hundred ninety four dollars it had when the wall was activated in two thousand and thirteen. Despite having what is considered to be life changing money, the dormant bitcoin wallet, which was...

...not transacted for years for whatever reason, has come out of dormancy. The bitcoin Wall has three hundred twenty one bitcoins and after more than eight years, the value of those bitcoins to preciated two thousand three hundred x. In the current year, as well as last year, many dormant bitcoin wallets from two thousand and eleven two thousand and thirteen had become activated, holding tens of millions worth of Bitcoin. Over, the Bitcoin community is still curious to know who owns the wallet and also why it just came out of dormancy. Some crypto enthusiasts could believe it could be a whale, an individual or group having a large stash of Bitcoin who were looking to shake or manipulate the crypto market, as is the case when large wallets move huge amounts of bitcoin all of a sudden out of nowhere. Next story still crypto hacker steal a hundred fifty thousand dollars worth of Crypto from an NFT project. So people who were hoping to buy a limited edition and FT of Justin Cons nft platform, fractal a new market place for game item nfts, faced and expensive shock when it was revealed...

...that a link that was sent through the project's official discord channel was a scam for stealing cryptocurrency. The NFT platforms discord center to scaming to more than tenzero users of the platform, asking them to pay up for the new nft the messaging. The message promised users to have access to three thou three hundred thirty three commemorative nft's. The message promised users access to Threezero and three hundred and thirty three commemorative nft's. It was designed to celebrate the platform success, but the actual url was linked to a scam site. The URL. What they did was, instead of having an official URL fractal dot ISS, they swapped the eye for an l. This took users to a minting site where funds were taken and users earned nothing in return. From the scam. Hackers made off with around a hundred and fifty thousand dollars. This scamp took place even before the company launched their own platform. However, fractal has announced that it will pay back users, saying our announcements channel was compromised earlier today pushing a...

...fraudulent mint link. So if you lost your soul, we will reimburse you. We will announce further updates soon. Nicola agrees to pay a hundred twenty five million dollars in a settlement agreement with the SEC, so Nicola, manufactured of heavy duty commercial battery electric vehicles, is agreed to pay the US Securities and Exchange Commission A hundred twenty five million dollars to settle charges of defrauding investors by misleading them about his products, technical capacity and business prospects. The SEC accused the auto maker of violating US securities laws with several misleading statements made in two thousand and twenty about the company's products and future financial prospects. Earlier this year, Trevor Milton, the company's founder and former CEO, was arrested on charges that he wrongly portrayed Nicola as a as close to releasing a functional product. According to the SEC's orders, before Nicola had produced a single commercial product, Milton embarked on a public relations campaign aimed at inflating and maintaining Nicola's stock price. The order finds at Milton missled investors about Nicola's technological advancements, in...

...house production capabilities, hydrogen production, truck reservations and orders and financial outlook. Out of the SEC. Nicola, which went public in June of two thousand and twenty by merging with a spack had cautioned investors it's fine was likely, and now the company has to be a hundred twenty five million dollars in five installments over two years to settle the charges. And lastly, a BGA reports has nft gaming has generated two point three two billion dollars in the third quarter. So according to a report published by the Blockchain Game Alliance, and FT Games generated two point three two billion dollars in revenue in q three of twenty twenty one, representing twenty two percent of total nft trading volume industry wide. The report also says that the number of wallets relating to gaming activity increased by two thousand, four hundred and fifty three percent from twenty nine thousand five hundred and sixty three wallets during the first week of twenty twenty one to seven hundred and fifty four thousand wallets in the third quarter of two thousand and twenty one. The report also found that metaverse related activity has become very popular, as...

...several companies were getting into the metavers craze during the first half of two thousand and twenty one. The growth has mainly been driven by virtual land sales. They hit a total of forty two point six million dollars US D and in other news from around the Internet, at transportation text start up via confidentially files for IPO. So via is a US based on demand prescheduled transit company. They have confidentially filed to go public the companies that. However, the startup has not decided how many shares will offer or at what price range the shares will be offered as well. US Treasury yields rise amid omacrown risks. So the US treasure yields increased on December twenty one amid increasing concerns around a new covid variant, Omacron and all the lockdowns that would be associated with it. The ten year Treasury note increase six point five basis points to one point four eight four percent, at around three PM Eastern Standard Time on Tuesday anyway. So that's it for today. Hope you enjoyed. If you found value in this, share this with one other person. They can go subscribe for daily...

...business, Tech and Finance News at newsletter dot Roy overloadcom. Have a great day. I'll see a.

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