Bitcoin
IMF Continues to Urge El Salvador to Strengthen Regulatory Framework and Oversight of Bitcoin
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4 hours agoon
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adminThis isn’t the first time IMF has warned El Salvador. Most recently, in August, the IMF said something similar when it declared in a statement that “while many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project.” At that time, the IMF also said that “additional discussions in this and other key areas remain necessary.”
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Bitcoin Creator Satoshi Nakamoto Identity Revealed, New Documentary Claims
Published
6 mins agoon
October 4, 2024By
adminBitcoin creator Satoshi Nakamoto has been identified in a new HBO documentary set to air next week. The much-awaited documentary by Cullen Hoback is set to unmask the face behind the popular cryptocurrency Bitcoin.
If the findings are to be believed, this discovery could pose significant implications for global cryptocurrency markets and political narratives.
Bitcoin Creator Satoshi Nakamoto Documentary
The documentary that is set to be aired on Tuesday at 9 p.m. EST allegedly has the answers to the question of who is behind the creation of Bitcoin. Hoback, who once helped to unmask authors of the QAnon movement, has allegedly pointed to the person behind the pseudonym Satoshi Nakamoto, who has been hiding the identity of the cryptocurrency’s creator since 2009.
According to sources, the documentary is said to contain some new evidence, but there are no details about what has been included.
Bitcoin, which was initiated as a peculiar concept within the realm of cryptography, has turned into a $1 trillion asset class, and its inventor is still unknown. Satoshi Nakamoto, the pseudonym used by the person or group that initiated the creation of Bitcoin, has remained one of the most talked about topics as people across the world continue to use BTC both as a form of currency and as an investment.
Increased Activity in Early Bitcoin Wallets
In the recent past, there has been increased movement in some of the early BTC wallets that had not been active for a while. As reported, some 250 BTC, approximately $15 million at the current exchange rate, were moved from addresses that had not been used since 2009.
Although there are no direct connections with Bitcoin creator Satoshi Nakamoto, the activation of these wallets is interesting particularly in connection with the timing of the release of the documentary.
The BTC creator is estimated to hold 1.1 million Bitcoins, which would make him one of the richest men in the world if he still possesses those coins. As interest in the documentary increases, financial markets and those interested in Bitcoin are carefully observing any new activity in these initial Bitcoin addresses.
Past Attempts to Identify Satoshi Nakamoto
Many efforts have been made in the past to determine who is behind the creation of BTC. In 2014, Leah McGrath Goodman, a journalist, suggested that Japanese-American Dorian Nakamoto was the creator of the name, but he dismissed the idea. In 2016, an Australian man named Craig Steven Wright came forward and said that he was Satoshi Nakamoto, but he couldn’t present evidence that would make people believe him. Earlier this year, a British court ruled that Wright was not Satoshi, effectively closing that chapter of speculation.
Other people have been linked to the Bitcoin creator speculation, such as Hal Finney, one of the first people to receive Bitcoin, and Nick Szabo, a computer scientist in the field of cryptographic currencies. Nevertheless, none of these people has ever been identified as the actual creator of the Satoshi Nakamoto persona.
Within the Bitcoin community, there is a divide regarding efforts to unmask the Bitcoin creator. Some argue that their identity should remain private, emphasizing that the creator chose to stay anonymous. Peter McCormack, a Bitcoin podcaster, expressed concern over the documentary’s implications, stating,
“Satoshi gave the world a profound gift in Bitcoin but deliberately chose to remain anonymous — a decision that must be respected.”
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Last night, I had the distinct pleasure of having an in-depth conversation with Jeff Booth, who I often refer to as the Eckhart Tolle of Bitcoin.
Booth, soft-spoken yet direct, harped on one point in particular in the conversation that, while at first I didn’t grasp, ended up resonating deeply with me.
He said multiple times “We are Bitcoin” in efforts to drive home the point that Bitcoin will continue to work if we continue to make it work.
At first this statement seemed antithetical to Bitcoin. Technically, of course, we’re not Bitcoin. Bitcoin is an open-source protocol that allows people to transfer value securely and permissionlessly. Also, Bitcoin was designed in a way that actually requires less human involvement than the traditional monetary and financial systems, as its inflation rate can’t be altered by humans and there are no middle people involved in Bitcoin transactions.
Yet we are Bitcoin, just as Booth said.
We are the ones that have to spin up nodes to keep the network decentralized.
We are the ones that plug in the miners to help power and secure the network.
And we are the ones who educate others about Bitcoin as well as defend it in the social arena.
We’re human nodes in the network, doing our part to technically keep Bitcoin running and propagating information about Bitcoin to the world.
Without our taking responsibility as human nodes, Bitcoin becomes less decentralized, less secure and less understood.
So, if you’re reading this, know that you are Bitcoin, a component of the most incredible system for human freedom and prosperity ever created, and both savor that and act accordingly.
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Altcoins
Dogecoin (DOGE) Forming Bullish Setup That’s Previously Triggered Massive Rallies, Says Crypto Trader
Published
12 hours agoon
October 3, 2024By
adminCryptocurrency analyst and trader Ali Martinez is leaning bullish on the largest memecoin by market cap.
Martinez tells his 73,200 followers on the social media platform X that the Moving Average Convergence/Divergence (MACD), an indicator used to determine the strength and direction of a trend, is potentially forming a bullish crossover on the weekly chart of Dogecoin (DOGE).
The crypto analyst and trader says,
“The last two times Dogecoin DOGE had a MACD bullish crossover on the weekly chart, it rallied 90% and 180%, respectively.”
Martinez further says that the Dogecoin network is recording “significant growth” with the number of new addresses going up by double digits in a week.
“Over the past week, there’s been a 72% increase in new DOGE addresses, and just yesterday alone, 19,630 new DOGE addresses were created!”
Dogecoin is trading at $0.105 at time of writing.
Next up is Bitcoin (BTC). The analyst and trader says that Bitcoin may have witnessed a trend shift if the crypto king’s price action on the daily chart.
“As of today, it appears Bitcoin has made a higher low and a higher high, suggesting the trend may have shifted from bearish to bullish!”
Bitcoin is trading at $60,880 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin Creator Satoshi Nakamoto Identity Revealed, New Documentary Claims
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