Satoshi Nakamoto news

The pseudonym of an anonymous creator of Bitcoin.

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Did Satoshi Nakamoto Anonymously Donate 50 BTC to Grin?

Over a decade ago, Satoshi Nakamoto invented bitcoin but chose to keep his/her identity a secret. Over the years, many Satoshi Nakamotos have come up only to fall short of proving their identity when put to the task. In the past few months, that identity has seemingly remained quiet without attracting any ‘noise’ from commentators. But, on November 11, Grin privacy-centric coin got an anonymous 50 bitcoins donation to its General Fund. That transaction sparked a strange rumor that the generous individual behind it was Satoshi. That donation was announced the same day by Grin on Twitter. The donation was made via Coinbase crypto exchange by a donor who insisted on remaining anonymous as reported by Grin dev Daniel Lehnberg in a forum post. Working Freely and Independently Lehnberg even said that he interacted with the donor briefly but he upheld the donor’s desired anonymity. However, he shared some of the donor’s edited comments including statements such as: “Our motives are not economical! It’s about the technology and the protocol. Please put it to good use for the development of GRIN. You keep working as you did in the past […] This is what we are honouring right now with these donations so that you can work freely […] without economic dependencies.” Some of the crypto media outlets found the unusual nature of the donation to be not quite adequate. They responded by confecting the latest rumor that Satoshi Nakamoto was behind that donation. The Satoshi theory was fed by a Telegram group chat message from Litecoin founder Charlie Lee. He revealed that the donated coins were mined in 2010 and later transferred from a wallet that had been entirely idle for about 9 years. Nonetheless, Lee has since then confirmed the message was “just a joke.” Privacy Developments Previous reports revealed that Grin is a privacy coin that uses scalability and implements the privacy-focused Mimblewimble protocol. That protocol is named after a fiction tongue-tying curse originating from the famous Harry Potter novels. Interestingly, Mimblewimble is in part a variant of the Confidential Transactions cryptographic protocol. This protocol enables for transactions to be obfuscated yet verifiable to achieve enhanced privacy and prevent double-spending. Grin underwent a hard fork this summer representing the network’s first such event since its launch in mid-January 2019. The fork was meant to introduce tweaks to its consensus algorithm to achieve bigger resistance to ASIC miners. Last month, the Litecoin Foundation published two new draft improvement proposals. These proposals were designed to work toward the development of privacy features for the network by integrating Mimblewimble. Like what you're reading? Subscribe to our top stories The post Did Satoshi Nakamoto Anonymously Donate 50 BTC to Grin? appeared first on - Daily Cryptocurrency and FX News.

Satoshi Nakamoto Makes First Video Appearance

NEW YORK, Nov. 06, 2019 (GLOBE NEWSWIRE) -- In videos released widely today for the first time, James Bilal Khalid Caan, who created Bitcoin and block chain technology under the pseudonym Satoshi Nakamoto, shares his innovative plans to restore his original vision. James Caan has ended his anonymity because he believes what he first referred to as "a chain of blocks" is capable of more than what has been accomplished in his multi-year absence. On Oct. 31, 2008, Caan used the name Satoshi Nakamoto to share his vision by publishing Bitcoin: A Peer-to-Peer Electronic Cash System. Bitcoin presented the potential to eliminate third parties and replace trust with verification. Not since the invention of the internet had there been the promise of a broader and more fundamental ...Full story available on

German Man Jorg Molt Claims to be Satoshi Nakamoto

So, who is Satoshi Nakamoto? This is a question that has been on the minds of several cryptocurrency enthusiasts for many years, and it has proven to be the constant enigma. Has Satoshi Nakamoto Finally Emerged? Among the people claiming to be the mysterious creator of bitcoin is Australian tech developer Craig Wright, though his claims have often been frowned upon or dismissed by analysts and the public. Recently, Wright was sued by the brother of one of his deceased BTC developers who claimed that Wright was trying to get away with not paying out the man’s bitcoin inheritance. Wright lost the case, which means that he was ordered to pay billions in bitcoin fees to the plaintiff in question. Billions he may – or may not – have depending on the validity of his past statements. Now, a new form has taken shape through Jorg Molt, who could potentially be the famed co-creator of the world’s now number one cryptocurrency. As a guest speaker at this year’s Symbiosis Institute of Management Studies in Pune, India, Molt was introduced as the “co-founder” of bitcoin, which obviously caused a lot of people to question whether that meant Molt was really Satoshi Nakamoto. Additional evidence has surfaced supporting such a claim. Apparently, Molt owns as many as 250,000 bitcoin units, which would make him a crypto billionaire considering bitcoin is trading above $9,300 at press time. Naturally, not everyone is a believer that Molt is who he claims. Block Tower chief information officer Air Paul stated on Twitter that the Institute hosted a “scammer,” while another man named Kenneth Bosak shared a video of himself on Twitter confronting Molt at World Crypto Con and claiming that Molt wasn’t who he claimed to be. Furthermore, Molt has often claimed to be associated with Andreas Antonopoulos – the famed author of “The Internet of Money – though Antonopoulos denies these claims. The author explains: Apparently, a German person called ‘Jorg Molt’ has been showing a selfie taken with me and telling people that we are friends. This is a LIE. I don’t know him at all. I have heard from others that he claims to be the founder of bitcoin and has thousands of BTC. A LIE. Who Would Do This to Themselves? If the claims are not true, one must wonder why anybody would ever claim to be Satoshi Nakamoto. Don’t they know by now that their claims are always going to be attacked by a host of crypto enthusiasts? That everything they say will be met with skepticism and that very few people will take them seriously? Negative publicity is not necessarily better than no publicity. Mort was allegedly born in 1972 and was in the German military. He was discharged in 1995 and worked as an office assistant until the year 2004. The post German Man Jorg Molt Claims to be Satoshi Nakamoto appeared first on Live Bitcoin News.
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Co-Founder of Satoshi Nakamoto Institute Blasts Warren Buffett for Hoarding $128 Billion

Warren Buffett’s Berkshire Hathaway is sitting on a massive cash stockpile. Pierre Rochard criticizes the billionaire investor for his strategy of waiting for the value of the U.S. dollar to rise. According to Rochard, Buffett’s strategy is no different from bitcoin HODLers. The Oracle of Omaha, Warren Buffett, has been recently grabbing headlines because of […] The post Co-Founder of Satoshi Nakamoto Institute Blasts Warren Buffett for Hoarding $128 Billion appeared first on
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Satoshi Nakamoto news by Finrazor


The strangest timeline

It became mainstream to talk that market ‘wears clowns shoes’. We picked up tweets that are not only debatable and popular but are likely to be important for the market itself. Yet, how exactly — it's up to you to decide.

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Basic information about Ethereum and description of its working process, problems of the Internet and the way Ethereum tries to solve them as well as the explanation of smart contracts.

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When the whole world froze

This week, the Reddit community has subsided a little in anticipation: Satoshi's book does not provide peace, problems on the exchanges and, of course, the skipping rate. Finrazor team  — as usual — got to the bottom of the matter and presents before you the hottest discussions of the week

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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

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ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
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