(VOR News) – Bitcoin miner wallets that were dormant for almost 15 years have been active again trading 250 BTC, which is equal to over $15 million in the present market. This is a significant development.

On September 20, Lookonchain made the announcement that five miner wallets, which had been awarded fifty Bitcoin as block rewards in 2009, were now transferring funds for the first time in more than 10 years.

This was happening for the first time since the year 2009. It was the very first time that money had been moved from one place to another.

The information that is kept on the blockchain indicates that the mining payouts were received by the wallets around the beginning of the year 2009.

Bitcoin enthusiasts call this the Satoshi age.

Previously, I mentioned this time period. Miners have been successful in maintaining exceptional growth of more than one million percent in the value of the major digital currency, which is currently trading at more than sixty-three thousand dollars.

This growth has been maintained without interruptions. When one takes into consideration the fact that Bitcoin was only worth a few pennies whenever it was originally introduced, this is very astonishing.

Please tell me who the owner of these wallets is.

There is often a boom in interest in cryptocurrency whenever money is removed from an old wallet, particularly one that dates back to the Satoshi era.

This is especially true when the wallet comes from the Satoshi era. This period of time, which began in late 2009 and continues into 2011, is commonly referred to as the “Satoshi era.” In this period of time, Satoshi Nakamoto, the person who initially created Bitcoin, continued to be active and spoke through various online forums.

In January 2009, Nakamoto was the one who mined the very first block of cryptocurrency.

It is therefore extremely possible that these wallets belonged to a person who was active in the early stages of Bitcoin, given that they received their prizes not too much longer after the cryptocurrency was revealed to the general public for the first time.

Among the members of the community, there were those who pondered the possibility that these initial wallets might have some kind of relationship to Nakamoto. After more than ten years of silence, the fact that all five wallets sent money on the same day suggests that they may be held by one or more connected individuals.

This is because of the fact that all five wallets transferred money on the same day. This is due to the fact that all five wallets were updated with new money on the same day.

About how many wallets are inactive?

Fortune did a study that revealed that there are over 1.75 million Bitcoin wallets that have been idle for more than ten years. The findings of this analysis were published in Fortune.

Numerous of these wallets include significant quantities of Bitcoin that were acquired at prices in the double digits and are currently valued in the millions of dollars.

These wallets contain a significant amount of Bitcoin.

It is believed that these dormant wallets contain around 1,798,681 Bitcoin, which has a value on the market that is greater than 120 billion dollars at the present time.

There have been a number of wallets that were utilised during the Satoshi era that have recently been brought back to life, which enables them to send Bitcoin to fresh addresses.

Some of the owners even transferred the money to cryptocurrency exchanges after they had held onto the cryptocurrency for more than ten years, which shows that they may have been trying to make a profit from their investment.

SOURCE: CS

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Trudeau Inflation Killing Canada’s Fast Food Restaurants

Fast food restaurant industry in Canada is struggling as budget-conscious consumers eat out less and spend less when they do. Many Canadians say high taxes and Trudeau inflation make it impossible for them to eat out.

“We absolutely are seeing people come to restaurants less, and the spend per visitor is down,” said Kris Barnier, Restaurants Canada’s vice president for central Canada.

According to Barnier, inflation, higher interest rates, and rising housing expenses created by the Liberal government have all put pressure on consumers, including restaurants. He says many businesses are suffering financial constraints as running costs rise by up to 47 percent.

Fast Food Restaurants in Canada are battling with increased food, wage, rent, and insurance costs, which Barnier says is making it difficult to keep menu pricing reasonable.

“We are at 47 per cent of restaurants across Canada that say they we are not making money and in fact we are losing money,” pointed out Barnier.

Fast Food Restaurant Loyalty Programs

Givex Corp Canada, which works with businesses to engage customers, stated that there is presently a value meal battle going on, with burger chains, sub shops, and taco eateries offering cheaper prices on certain products.

“What we are seeing with these quick service brands is a lot of value meals, and value meal wars to entice customers to come through the door,” said Mo Chaar, chief commercial officer of Givex Canada. They also stated that Fast Food Restaurants (QSR) are developing dollar coffees, loyalty programs, and value boxes that can help feed a family.

Many of the people interviewed by CTV News in Toronto claim they are consuming fewer fast food meals owing to rising prices and many blame it on Trudeau.  “Ever since COVID prices have literally doubled,” claimed one man, while another added, “You can’t afford to eat out every day these days.”

A man enjoying his lunch in his vehicle on a break from work stated, “A burger combo used to be $7 or $8, but now it’s like $15 or $16.”
Another man stated that he always hunts for deals and that if he cannot find one, he eats at home.

“To be honest I try to go when there are coupons, but if there are no coupons I try to avoid it in general,” according to the individual.

Some value goods are limited-time discounts, but others may be here to stay as businesses seek new methods to increase foot traffic in their restaurants.

Restaurants Canada believe that tax reforms might benefit their industry because meals under $4 are exempt from the provincial sales tax in Ontario, but Barnier believes that increasing the tax break to a greater sum could make modest meals more inexpensive.

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Amazon is increasing wages for its more than 800,000 warehouse and transportation workers in the United States while also providing them with free Amazon Prime membership.

Amazon, one of the country’s largest private employers, announced on Wednesday that it will increase salaries by at least $1.50 per hour, boosting the company’s average starting wage to more than $22. Amazon will also provide staff the $139 yearly Prime benefit for free.

Amazon Workers Are Getting Free Prime Memberships

Amazon’s move to hike salaries is yet another indication of a tight labor market for logistics workers, fuelled by more Americans purchasing online. The labour market has cooled somewhat over the last year, but the economy continues to add employment.

According to the Labour Department, the average hourly wage for transportation and warehousing workers increased to $30.79 in August, up 22% from August 2020. According to the Labour Department, more than 460,000 jobs in the transportation and warehouse sectors remained unfilled in July.

UPS, Walmart, and Target have also raised compensation for warehouse workers. Last year, UPS reached a five-year agreement with the Teamsters Union, which includes an increase in starting pay to $23 per hour during the contract period.

The wage increase comes ahead of the holiday season, which is normally the largest online shopping period of the year. In a research released last week, Deloitte anticipated that sales would rise by up to 3.3% over the holiday season. Online sales will increase by up to 9%.

Amazon Workers Are Getting Free Prime Memberships

Amazon has also received severe scrutiny about warehouse safety and worker conditions.

The Senate Health, Education, Labour, and Pensions Committee determined that the warehouses are particularly risky for workers during the company’s annual Prime Day event and the holiday season. The company’s employees have often made headlines, complaining about the “gruelling” experience of sprinting around warehouses as large as 28 football fields while the company monitors their every movement.

SOURCE | CNN