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Bitcoin Movie 'Bitcoin' Enters Post-Production with $70M Budget, Casts Casey Affleck as Craig Wright
Bitcoin
2026-09-04 10:12:47

Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim

A Bitcoin address that had sat untouched since Nov. 5, 2011 moved its full balance of 40.00001152 BTC on Sept. 3, 2026, after roughly 14 years and 10 months of inactivity. The coins were worth less than $120 when they first arrived, based on Bitcoin trading near $3 at the time, and about $3.09 million when they were transferred. At publication, with Bitcoin at $80,962, the holdings were worth about $3.24 million. Galaxy Research identified the sending address as "Noah Doe #38097" and said it appears on a list of 39,069 addresses named in a New York lawsuit that seeks ownership of roughly 3.7 million to 3.8 million BTC said to be "abandoned." Depending on the price point used, the value tied to the broader claim has been reported at $285 billion to $293 billion. The case, filed as 153119/2026 in New York County Supreme Court, relies on New York Personal Property Law § 7-B. The address had previously received two blockchain-based legal notices, including one marked "COURT-ORDERED LEGAL NOTICE." But the latest movement adds to a growing set of named wallets that have become active since the suit was filed. Alex Thorn of Galaxy Research said 52 listed addresses have moved 34,335 BTC since the case began. On-chain data cited in the report shows the Sept. 3 transfer went to a new bc1 address and had not moved again by press time, indicating a wallet transfer rather than a confirmed sale.

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Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim
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US regulation
2026-07-31 06:12:53

Bessent cites Satoshi quote as he presses Senate to vote on CLARITY Act before August recess

U.S. Treasury Secretary Scott Bessent publicly urged the Senate on July 30 to hold an immediate vote on the CLARITY Act before the chamber leaves for its August recess, stepping up pressure around one of Washington’s key digital-asset market structure bills. In a post on X, Bessent said the House had already passed the legislation more than a year ago and that bipartisan Senate committee staff had spent “thousands of hours” working on a revised version. He argued the bill would strengthen consumer protection and anti-money laundering requirements while giving the digital-asset sector regulatory certainty. Bessent also accused Democrats of delaying the vote for political reasons, singled out Senator Elizabeth Warren as a leading opponent, and said the Fraternal Order of Police has now shifted to support the measure. The post drew extra attention because Bessent closed it with a well-known 2010 line from Bitcoin creator Satoshi Nakamoto: “If you don t believe me or don t get it, I don t have time to try to convince you, sorry.” Still, the bill’s near-term path remains difficult. Senate Majority Leader John Thune has said the measure is unlikely to advance before the August recess because disputes over ethics provisions remain unresolved. August 7 had been seen as an important deadline, with a procedural vote still possible, but final passage could slip until after the break.

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Bessent cites Satoshi quote as he presses Senate to vote on CLARITY Act before August recess