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Partido Popular (PP) will draft a bill for crypto regulation with the possibility of a tax cut for blockchain startups. Joined 6 other Southern European countries in signing an agreement for the advancement of DLT through promotion and legislation.

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Celsius Network Now Offers Low Cost Loans in Euros and Stablecoins to Users in Spain

Crypto and token holders in Spain will now have access to the same low-interest, crypto-backed loans Celsius has been offering in the US Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today that it started offering cash and stablecoin loans to users in Spain. Starting at just 4.95% per year, these loans represent the lowest cost available anywhere with the option to borrow in euros, dollars, or stablecoins. Celsius Network provides a global platform that focuses on financial inclusion, a high interest-earning wallet, and low APR loans to crypto and stablecoin holders. Celsius acts in the best interest of its community, offering an alternative to the traditional banking system. Celsius offers ...Full story available on Benzinga.com
Benzinga

LATOKEN Gathered Crypto Startups and Funds in Spain

LATOKEN Investors’ Reception in Barcelona, Spain on the 13th July has gathered more than 60 representatives of crypto/VC funds, startups, and other participants of the blockchain industry. The Barcelona event was opened by the CEO of LATOKEN, Valentin Preobrazhenskiy, who made the presentation about the best fundraising practices from 130+ IEOs. Recently LATOKEN was once again recognized by the researching firm InWara as #1 IEO market in terms of token sales amount. This is proof of why Valentin has lots of expertise to share with the audience to give tips on how a startup can attract 1m target audience and convert them into contributors. During the discussion panel about market making and data privacy regulations, the audience was especially interested in the report made by Belen Martin, Corporate & EU Data Privacy Lawyer at Lexley Worldwide. She spoke about data privacy and cryptocurrencies, particularly how GDPR impacts crypto. Top tips from Belen for blockchain projects: avoid storing personal data using any means to anonymize data, collect data off-chain or in private permissioned blockchain networks and consider personal data carefully when connecting with public networks. During “The cutting-edge blockchain use-cases” discussion panel, several startups made presentations about how they are trying to implement blockchain technologies in real life. EduNode CEO, Lucas Gil Cantón, spoke about how cryptography can influence the EdTech sector and help to solve problems with the fake diplomas, the lack of skills validation and the high costs of education. Andrea De Marco, Co-Founder of Spheroid Universe made a presentation about the augmented reality platform they are developing and explained how it can change the daily living of ordinary people all over the world. Solomon Choi, founder of MACH project, blockchain-based P2P asset trading platform spoke about how their product can reduce fraud damages in peer-to-peer assets trading, that only in South Korea totaled $8,5 mln. in 2018. At the final stage of LATOKEN Investors’ Reception event in Barcelona, startups had a chance to pitch their project directly to institutional investors and VC/crypto funds, including Founder and Managing Director at VC-A Christophe Schwoertzig, Investment Manager at Macte Invest Girts Lakstigala, Peter Bocharov from SafeHaven Hedge Fund and others. LATOKEN Investors’ Reception is a part of Blockchain Economic Forum events, organized by LATOKEN on a regular basis. Internationally well-known people, ex-presidents and finance ministers, multi-billion-dollar VC funds, top fintech founders and CEOs regularly visit Blockchain Economic Forum to discuss the transition of capital markets and payment systems to the blockchain. Check out upcoming LATOKEN events in your region: LATOKEN Investors’ Reception in London, the UK on 2nd September;BEF in London, the UK on 20–21 September;BEF in Davos, Switzerland on 20–25 January 2020. Book your pitching slot and buy tickets here. During LATOKEN Investors’ Reception in Barcelona 60+ participants were at Barcelona LATOKEN event Solomon Choi, Founder of MACH project at the moment of pitching his project to the investors The post LATOKEN Gathered Crypto Startups and Funds in Spain appeared first on Bitcoin Garden.
Bitcoin Garden

LATOKEN Gathered Crypto Startups and Funds in Spain

LATOKEN Investors’ Reception in Barcelona, Spain on the 13th July has gathered more than 60 representatives of crypto/VC funds, startups, and other participants of the blockchain industry. The Barcelona event was opened by the CEO of LATOKEN, Valentin Preobrazhenskiy, who made the presentation about the best fundraising practices from 130+ IEOs. Recently LATOKEN was once again recognized by the researching firm InWara as #1 IEO market in terms of token sales amount. This is proof of why Valentin has lots of expertise to share with the audience to give tips on how a startup can attract 1m target audience and convert them into contributors. During the discussion panel about market making and data privacy regulations, the audience was especially interested in the report made by Belen Martin, Corporate & EU Data Privacy Lawyer at Lexley Worldwide. She spoke about data privacy and cryptocurrencies, particularly how GDPR impacts crypto. Top tips from Belen for blockchain projects: avoid storing personal data using any means to anonymize data, collect data off-chain or in private permissioned blockchain networks and consider personal data carefully when connecting with public networks. During “The cutting-edge blockchain use-cases” discussion panel, several startups made presentations about how they are trying to implement blockchain technologies in real life. EduNode CEO, Lucas Gil Cantón, spoke about how cryptography can influence the EdTech sector and help to solve problems with the fake diplomas, the lack of skills validation and the high costs of education. Andrea De Marco, Co-Founder of Spheroid Universe made a presentation about the augmented reality platform they are developing and explained how it can change the daily living of ordinary people all over the world. Solomon Choi, founder of MACH project, blockchain-based P2P asset trading platform spoke about how their product can reduce fraud damages in peer-to-peer assets trading, that only in South Korea totaled $8,5 mln. in 2018. At the final stage of LATOKEN Investors’ Reception event in Barcelona, startups had a chance to pitch their project directly to institutional investors and VC/crypto funds, including Founder and Managing Director at VC-A Christophe Schwoertzig, Investment Manager at Macte Invest Girts Lakstigala, Peter Bocharov from SafeHaven Hedge Fund and others. LATOKEN Investors’ Reception is a part of Blockchain Economic Forum events, organized by LATOKEN on a regular basis. Internationally well-known people, ex-presidents and finance ministers, multi-billion-dollar VC funds, top fintech founders and CEOs regularly visit Blockchain Economic Forum to discuss the transition of capital markets and payment systems to the blockchain. Check out upcoming LATOKEN events in your region: LATOKEN Investors’ Reception in London, the UK on 2nd September; BEF in London, the UK on 20–21 September; BEF in Davos, Switzerland on 20–25 January 2020. Book your pitching slot and buy tickets here. During LATOKEN Investors’ Reception in Barcelona 60+ participants were at Barcelona LATOKEN event Solomon Choi, Founder of MACH project at the moment of pitching his project to the investors The post LATOKEN Gathered Crypto Startups and Funds in Spain appeared first on ZyCrypto.
ZyCrypto

LATOKEN Gathered Crypto Startups and Funds in Spain

Coinspeaker LATOKEN Gathered Crypto Startups and Funds in SpainLATOKEN Investors’ Reception in Barcelona, Spain on the 13th July has gathered more than 60 representatives of crypto/VC funds, startups, and other participants of the blockchain industry.The Barcelona event was opened by the CEO of LATOKEN, Valentin Preobrazhenskiy, who made the presentation about the best fundraising practices from 130+ IEOs. Recently LATOKEN was once again recognized by the researching firm InWara as #1 IEO market in terms of token sales amount. This is proof of why Valentin has lots of expertise to share with the audience to give tips on how a startup can attract 1m target audience and convert them into contributors.During the discussion panel about market making and data privacy regulations, the audience was especially interested in the report made by Belen Martin, Corporate & EU Data Privacy Lawyer at Lexley Worldwide. She spoke about data privacy and cryptocurrencies, particularly how GDPR impacts crypto.Top tips from Belen for blockchain projects: avoid storing personal data using any means to anonymize data, collect data off-chain or in private permissioned blockchain networks and consider personal data carefully when connecting with public networks.During “The cutting-edge blockchain use-cases” discussion panel, several startups made presentations about how they are trying to implement blockchain technologies in real life.EduNode CEO, Lucas Gil Cantón, spoke about how cryptography can influence the EdTech sector and help to solve problems with the fake diplomas, the lack of skills validation and the high costs of education.Andrea De Marco, Co-Founder of Spheroid Universe made a presentation about the augmented reality platform they are developing and explained how it can change the daily living of ordinary people all over the world.Solomon Choi, founder of MACH project, blockchain-based P2P asset trading platform spoke about how their product can reduce fraud damages in peer-to-peer assets trading, that only in South Korea totaled $8,5 mln. in 2018.At the final stage of LATOKEN Investors’ Reception event in Barcelona, startups had a chance to pitch their project directly to institutional investors and VC/crypto funds, including Founder and Managing Director at VC-A Christophe Schwoertzig, Investment Manager at Macte Invest Girts Lakstigala, Peter Bocharov from SafeHaven Hedge Fund and others.LATOKEN Investors’ Reception is a part of Blockchain Economic Forum events, organized by LATOKEN on a regular basis. Internationally well-known people, ex-presidents and finance ministers, multi-billion-dollar VC funds, top fintech founders and CEOs regularly visit Blockchain Economic Forum to discuss the transition of capital markets and payment systems to the blockchain.Check out upcoming LATOKEN events in your region:LATOKEN Investors’ Reception in London, the UK on 2nd September;BEF in London, the UK on 20–21 September;BEF in Davos, Switzerland on 20–25 January 2020.Book your pitching slot and buy tickets here.LATOKEN Gathered Crypto Startups and Funds in Spain
Coinspeaker

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in Columbia. While large cryptocurrency exchanges worldwide are subject to increasing oversight and regulation, bitcoin ATMs often fall in legal gray areas, prompting debate amongst regulators and crypto users alike. Also read: Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity Trouble in Vancouver Back in June, police in Canada commented that the convenient crypto exchange hubs effected by bitcoin ATMs are “an ideal money-laundering vehicle.” According to a report from the Vancouver P.D. to the police board in February: The other issue with unregulated Bitcoin ATMs is that they are an ideal money laundering vehicle. Since there are no requirements to register any customer details, it is easy to see how cash can be transferred into Bitcoin and vice versa. A user can also launder an unlimited amount of money using smaller transactions so as not to arouse suspicion, like they would at a regular bank. Now, the mayor himself is pushing for direct bans on the ATMs. This is notable since the first ever bitcoin ATM was installed in a Vancouver coffee shop in 2013. The city is currently host to over 70. Japan’s Clampdown Japan, often known as the world leader for crypto adoption and regulation, has already tackled the issue with a set of iron-fisted legal protocols of its own. Though just years ago Tokyo bitcoiners could easily find multiple ATMs allowing easy exchange from bitcoin to fiat or vice versa, the April 2017 Payment Services Act changed all this. Many small business owners who had previously hosted the machines experimentally, or as a service to growing crypto-savvy customer bases, found themselves slapped with heavy licensing fees and tedious legal restrictions. Areas like the Roppongi district—once a small, but rapidly burgeoning hub of crypto ATM exchange—saw the machines essentially “ripped out” as a result of Japan’s FSA clampdown. In Japan, where digital assets like bitcoin and others are officially recognized as legal currency, this is not surprising. ATMs in other regions, however, continue to afford users relative autonomy and privacy in transaction. A Bitcoin ATM in Los Angeles. United States Regulations Similar in some sense to the regulatory climate in Spain regarding ATMs, America’s licensing requirements for merchants are still in flux. Every state—other than Montana—has a licensing requirement, but not every state agrees on what bitcoin actually is. The cryptocurrency wedges itself as a kind of monkey wrench in the gears of traditional policy, owing to its unique characteristics and technological capabilities. Unlike Japan, it’s still pretty clean and easy to make an ATM exchange in the states. Users don’t need to worry about each and every single transaction’s realized gains or losses for tax purposes. Where in the U.S. bitcoin is treated similar to a stock, and subject to capital gains tax, in Japan every last miniscule transaction must be recorded, and the gains calculated for later reporting. Crypto ATMs Across the Globe There are an estimated 5,000 crypto ATMs globally, servicing locales subject to remarkably diverse regulatory and legal frameworks. How these machines should be managed is fiercely debated, though governing bodies tend to agree on the swelling capacity for use in criminal enterprise. With a forecasted compound annual growth rate of 56.9% from 2019 to 2026, it’s not hard to see why. Companies like the United States’ Genesis Coin, General Bytes in the Czech Republic, and Lamassu in the U.K., are all leading industry players in the field of ATM manufacturing. Even established legacy system ATM manufacturers like Japanese Oki have entered the market in the recent past. Government Reaction to Illegal Use When Indian exchange company Unocoin tried to install India’s first bitcoin ATM in 2018, the company’s co-founder was swiftly arrested by the cyber crime unit of the CCB (Central Crime Branch) which stated: The ATM kiosk installed by Unocoin in Bengaluru’s Kempfort Mall has not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law. According to Unocoin, they were actually trying to help with legal adoption in the context of regulatory hurdles, as users could make withdrawals and deposits in BTC, but not buy or sell. In fact, at the time of the arrest the ATM was not even operational yet. Regarding the Spanish scandal, EU regulations are now being proposed to take effect in 2020, which would include exchanges and online wallet custodians becoming subject to new anti-money laundering laws. As such, KYC policies and similar measures vetting users and customers are likely to become more widespread in the near future. Privacy Concerns Arguably the most vital function of bitcoin and other cryptos is the ability to effect quick, low fee, and relatively private P2P transactions. Some users are growing uneasy as tighter regulatory measures sap this functionality, and seem to force the asset back into legacy-type, cumbersome processing channels. On the heels of recent criticism from U.S. President Donald Trump, claiming bitcoin facilitates money laundering and criminal activity, some privacy-minded users are beginning to sound off. Bitcoin ATMs have up until now provided—at least in some measure—a relative safe haven for private, autonomous exchange of crypto, as well as direct and simple means for onboarding new users. The Spanish Laundry Cycle Laundering money with these machines, however, is not so simple. The busted scammers in Spain had used false identities to set up two bitcoin ATMs in a Madrid office, claiming to be a center for crypto exchange and remittances. When connected Colombian drug lords sold their product in Europe, the illicit euros were deposited into these ATMs. The crypto was then directed back to the cartels, and finally exchanged for “clean” Colombian pesos. To facilitate this relatively straightforward-sounding loop, however, the group was utilizing a complex and layered network of cartel-connected bank accounts and corporations. Though Spain is home to just around 80 bitcoin ATMs, authorities are nonetheless concerned and are urging swift action in the face of this scheme coming to light. What do you think about bitcoin ATM regulations? Let us know in the comments section below. Image credits: Shutterstock, Twitter Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide appeared first on Bitcoin News.
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Russia to associate crypto with money laundering, an oil-backed Russian coin initiative, USA to further handle blockchain, the skeptical as for innovations Ohio, South Africa reporting growth in banking sector, blockchain for deals in Spain, Seoul to back blockchain startups, +1 exchange bankrupt in South Korea, Turkish operator to use blockchain for data maintenance, Australian AUSTRAC to test blockchain for financial reports

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Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

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India thinks whether to ban or not BTC, Upbit states the importance of crypto regulation, Dutch central bank to regulate crypto companies, Spain is preparing a draft regulation bill, South Korea convenes for debate with seven crypto exchanges, Chile declares that crypto regulation is in progress & other news on regulation

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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
8BTC

HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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