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However, this admission is not necessarily decisive. Todd, who is a vocal supporter of Ukraine and Israel on his X Feed, is known for bringing up the “I'm Satoshi” claim as a show of solidarity with creators' demands for privacy. In an email to CoinDesk before the documentary's release, Todd reportedly denied being the founder of Bitcoin, saying, “Of course I'm not Satoshi.” If Todd is widely accepted as the founder of Bitcoin, the revelation would end more than a decade of speculation about the identity of the man behind the global multibillion-dollar boom in digital currencies. Probably. It also…
XRPUSD Reaction to BlackRock FUD in November 2023 Will the SEC approve an XRP Spot ETF? The SEC filed a notice of appeal on October 2nd, and the agency will likely challenge the XRP programmatic sales ruling. Given XRP's reaction to the recent ETF filing, investors likely expect the SEC to delay approval until the appeal is finalized. Nevertheless, the latest filing highlights the growing confidence in XRP and investors' expectations that the SEC will not be able to overturn the programmatic sales ruling. Crypto.com made headlines on Tuesday as the SEC moves forward with its appeal of the ruling…
There are two ambitious missions behind filmmaker Karen Hoback's new documentary “Money Electric: The Bitcoin Mystery,” which HBO released Tuesday.The first is to solve one of the internet's great mysteries by finally revealing the identity of Satoshi Nakamoto, the pseudonymous programmer who created Bitcoin in 2008.The film's second mission is to make the case that the identity of Bitcoin's creator actually matters. Arguing that for all its flaws, Bitcoin represents a significant technological advance with far-reaching implications, and that there are good reasons to care about it, independent of sexual preference. That's it. Who created it?Let's start with the first…
Pranav Kanade, Portfolio Manager at VanEck, highlighted that memecoins have four key aspects that all teams building cryptocurrencies should emulate.Kanade made the comments on social media in response to Murad Makhmudov's Token2049 panel discussion on the transition from Bitcoin Maxi to meme coins. The panel's paper revolved around the proposal for a “memecoin supercycle,” which quickly spread among the crypto community.Kanade said memecoins have a clear fit in the retail and product markets, primarily because of their simplicity. He added:“Many teams over-engineer their tokens and don’t realize that time + capital + attention = scarcity.”He emphasized that more than 600,000…
Ethereum price rose 2.19% in the past 24 hours to trade at $2,433, pushing its market cap up 2.17% to $292.9 billion. Yesterday, concerns about the whale sale of ETH caused the price to drop as the whale sold 45,000 ETH for $113.3 million in 15 days, while the whale still owns 94,450 ETH for $230 million. The $2,400 support level remains important due to Ethereum’s fundamentals due to the EIP-7781 upgrade. ETH whale sales continue amid market uncertainty Ethereum has been further hurt by large ETH whales shedding large amounts of assets, as it is unable to avoid double-digit…
While Ethereum bulls may be struggling for momentum at the time of this article, other on-chain data points to an interesting development. While ETH is trading above $2,400, limited by determined sellers, nearly 30% of all ETH in circulation is staked, according to IntoTheBlock data. Stake over 34.4 million ETH in 9 months As of October 8th, IntoTheBlock analysts are Note This means that 28.9% of all ETH is staked. At this level, more holders are working on tying up their stash. This figure is up from 23.8% recorded in January 2024. Over 15.3% of ETH has been staked out…
Bitcoin staking protocol Babylon raised approximately 23,000 BTC during its second staking round on Tuesday. This is a much larger amount than in the first wave, and Bitcoin fees did not skyrocket this time, resulting in a much smoother experience for network users.said Babylon co-founder and Stanford University professor David Tse, who helped launch the staking startup's mainnet six weeks ago. decryption The round, called Cap-2, “went pretty well.” He said in an interview Tuesday that users delegating $1.4 billion in Bitcoin to the protocol was “certainly beyond expectations.”Babylon is two-sided marketplace Rooted in Bitcoin reserves. On the one hand,…
21Shares, a leading cryptocurrency exchange traded product (ETP) company, has announced that it is seeking a more complete regulatory framework from European authorities. According to a new announcement from 21Shares, the company is asking the European Securities and Markets Authority (ESMA) to create a regulatory framework for crypto assets for Collective Investment Units in Transferable Securities (UCITS) funds. According to 21Shares, Europe is currently plagued by legal disagreements between member states, resulting in certain UCITS being allowed to hold cryptocurrencies while others are not allowed to hold cryptocurrencies. Possession is prohibited. The company also claims that the lack of consistency…
Signum Bank says Solana could surpass Ethereum, Intel Market aims for $1Solana (SOL) and Ethereum (ETH) have been in a fierce competition for years, with many analysts debating which cryptocurrency has a better position in the market. Recently, Sygnum Bank provided support to Solana, suggesting that Solana has the potential to outperform Ethereum.In another notable development, IntelMarkets has been making great strides in the cryptocurrency space, with its tokens increasing by an impressive nearly 200% in the last month. Analysts predict that the value of this DeFi token could reach $1 in the near future.Signum Bank: Solana could flip EthereumAccording…
After bankruptcy in 2023, FTX has been approved for a repayment plan, with one analyst suggesting the decision could bring $2.4 billion into the crypto market in the fourth quarter of this year. Indeed, this plan is expected to have a noticeable impact on the digital asset sector. Specifically, it will encourage large amounts of money to re-enter the market this year.FTX's restructuring plan has been long-awaited by the industry. On Monday, U.S. District Judge John Dorsey approved a repayment plan for the assets of the now-shuttered cryptocurrency exchange. Additionally, the plan would redistribute $16 billion in recovered assets to…