📢 Breaking News: Vitalik's Sold 70,000 $ETH

Vitalik Buterin, the creator of #Ethereum publicly admitted to selling 70,000 ETH at the all-time high in 2018. That’s a staggering $95,550,000 dumped on #ETH holders.

Vitalik Said: “I did get the Ethereum Foundation to sell 70,000 ETH like basically at the top, and that’s doubled our runway now, so it was one good decision that had a lot of impact.”

Meanwhile, Satoshi Nakamoto, the mysterious creator of #Bitcoin still hasn’t sold a single Bitcoin. Ever.

#VitalikButerin  #satoshiNakamoto  $BTC  $SOL $USDC

In 2008, Satoshi Nakamoto started a monetary revolution with #Bitcoin

But by May 22, 2010, hardly anyone was using it.

The Amazing Story of the pizza purchase that changed history, and the man who spent $2.8 billion to transform money forever

$BTC #satoshi #satoshiNakamoto #bitcoinPizzaDay #BitcoinPizzaDay2024

Happy Bitcoin Pizza Day!

Laszlo Hanec is famous for spending 10,000 Bitcoin on two pizzas. But his involvement in Bitcoin development goes much deeper than food purchases.

On May 22, 2010, Florida resident Laszlo Hanec paid 10,000 $BTC for two Papa Johns pizzas. This is believed to be the first purchase ever made with the experimental digital currency. The value of those coins today would be just under $700 million dollars.

This story is well known, it is part of the "Bitcoin story" and is celebrated annually around the world. Less well known is Khanyech's other contribution to Bitcoin. According to Bitcoin historian Pete Rizzo, the first person to ever spend bitcoins in commercial transactions was also something of a confidant of Satoshi Nakamoto.

This year's Pizza Day can also be seen in a new context after the publication of Satoshi's 120-page email correspondence with one of the first Bitcoin developers, Martti Malmi (aka "Sirius"), which raises the question of how coincidental it was that the first purchase using Bitcoin was for pizza. Malmi wrote the first FAQ for the Bitcoin website , apparently quoting Satoshi's responses to previous queries. He wrote:

"Bitcoin is valued for what it can be exchanged for, just like all traditional paper currencies. When the first user publicly announces that he will make a pizza for anyone who gives him a hundred bitcoins, then he can to some extent use bitcoins as payment - to the extent that people want pizza and trust his statement. A pizza-eating barber who trusts him as a friend can then announce that she is starting to accept Bitcoins as payment for fancy haircuts, and the value of Bitcoin will be higher - you can now buy pizza and haircuts with them. When Bitcoins become accepted widely enough, he can get out of his pizza business and still be able to use his Bitcoin savings."

$BTC #satoshi #satoshiNakamoto #bitcoinPizzaDay #BitcoinPizzaDay2024

🚨 Craig Wright Exposed🚨

Claims to be Bitcoin's Creator, Satoshi Nakamoto, Unraveled in Court ..🚨

Dr. Craig Wright, who claims to be the elusive creator of Bitcoin, Satoshi Nakamoto, faced severe scrutiny in court. Despite presenting himself as a genius with multiple degrees and a unique intellect, the court found Wright's claims to be riddled with lies and forgeries.

Judge's observations:
🔍 Wright lied extensively and repeatedly.
🔍 He forged documents to support his claims.
🔍 His deceptions included technobabble and blaming unidentified individuals.

Wright's actions, intended to bolster his narrative, were often clumsily executed, with some forgeries easily detected. His courtroom responses sometimes even acknowledged the poor quality of his forgeries.

Had Wright's evidence been true, he would be incredibly unlucky, facing numerous unfortunate coincidences and conspiracies against him. But the court found his claims baseless, dismissing his assertion of being Bitcoin's creator.

Stay informed!

📢 #Bitcoin #satoshiNakamoto #CraigWright #CryptoWatchMay2024 #LegalNews

#satoshiNakamoto Is he alive ? :)

👉👉👉 #BitcoinHalving : When will it happen and what does it mean for the price?

The halving event in the realm of Bitcoin elicits divergent perspectives, seen either as a crucial milestone enhancing Bitcoin's scarcity and value, or merely as a technical adjustment amplified by speculators to drive price surges. But what exactly does the halving entail, and does it hold genuine significance?

- Understanding the Halving:

The halving is a key change in Bitcoin's blockchain, designed to slow down the creation of new Bitcoin. #satoshiNakamoto embedded this mechanism in Bitcoin's code to reduce the rate of new token issuance from the fixed supply of 21 million. Currently, approximately 19 million tokens have been mined.

- How it Occurs:

Blockchain technology involves creating records called 'blocks,' which are added to the chain through 'mining.' Miners use computational power to solve puzzles, earn rewards in Bitcoin, and build the blockchain. Halving reduces miner rewards, impacting profitability and the rate of new Bitcoin creation.

- Timing of the Event:

Although lacking a precise date, the halving is anticipated in late April, occurring roughly every four years following the addition of approximately 210,000 blocks to the #Blockchain .

- The Price Dynamics:

Bitcoin's scarcity is praised for boosting its value, but skeptics argue that this may already be priced in. Miners, who control a significant portion of supply, can also influence prices through their selling behavior.

- Past Halvings and Market Response:

Past halvings show mixed evidence on Bitcoin's price impact. While some seek insights from historical data, attributing price movements solely to halvings is complex due to various factors. For example, the 2020 halving led to a modest increase followed by a significant rally, influenced by factors like monetary policy and investor participation. Predicting the exact effect of halvings on Bitcoin's price remains uncertain, with regulators warning about speculative risks.

Source - reuters.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

white paper turns 15 years old.Fifteen years ago today, an enigmatic figure known as unveiled a groundbreaking white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." Despite Nakamoto's true identity remaining shrouded in mystery, this concise nine-page document introduced a revolutionary concept that reshaped our understanding of value transfer in the digital age. It delved into the intricacies of cryptographic hashing, block architecture, and the timing mechanisms essential for sustaining the system.

One of the key innovations in this white paper was the proposal of a proof-of-work system. While not an entirely new concept, its application within a #decentralized cryptocurrency context was pioneering. Drawing from earlier ideas like Adam Back's " #Hashcash ," the author adapted the existing proof-of-work concept to address the double-spending problem, ensuring that every transaction within the network was verified through consensus, without relying on a central authority.

As Nakamoto explained in the white paper, "Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block would include redoing all the blocks after it."

🔥🔥🔥 Bitcoin needs #DEFI , consumer apps, to see mass adoption: L2 devs

Several layer-2 networks for Bitcoin, including Bitcoin Virtual Machine (BVM), Spiderchain, and BitVM, are emerging to expand Bitcoin's functionality beyond its current roles as a currency and "digital gold." Developers argue that for Bitcoin to achieve mass adoption, it needs to open up to the decentralized finance (DeFi) sector, estimated to be a $57 billion industry.

Bitcoin layer-2 networks like BVM are adopting a modular meta-protocol architecture, allowing the creation of customized layer-2 blockchains on Bitcoin. BVM connects the Ethereum Virtual Machine (EVM) with Bitcoin, enabling the development of decentralized applications (DApps) and DeFi projects on the Bitcoin network.

Willem Schroé, founder of Botanix Labs and creator of Spiderchain, emphasizes that Bitcoin's potential won't be fully realized until it integrates with the broader financial system. Spiderchain, a proof-of-stake layer 2 with EVM to EVM bridges, facilitates interaction between Bitcoin and the Ethereum ecosystem, including real-world assets, stablecoins, DeFi, and NFTs.

However, the expansion of Bitcoin's capabilities through layer-2 solutions is not without controversy. SatoshiVM, a community-driven project with an EVM-compatible #Layer2 solution , faced controversy over its recent token launch, leading to a significant drop in its token value.

BitVM, led by ZeroSync project lead, focuses on scaling Bitcoin's transaction speed instead of implementing smart contracts or introducing Ethereum Virtual Machine-like tokens. Some developers caution against building decentralized exchanges on Bitcoin, viewing it as a potential step backward for the network.

Developers agree diversifying Bitcoin's use beyond peer-to-peer payments is crucial. GameFi, SocialFi, art, and AI apps on platforms like BVM show a growing interest in making Bitcoin more programmable, aligning with #satoshiNakamoto 's vision.

Source - cointelegraph.com

#CryptoNews #BinanceSquareBTC $BTC

SatoshiVM Shifts Over 1 Min SAVM To Influencer Addresses

🌐 In a surprising twist, SatoshiVM, associated with SAVM token, made colossal transfers worth $10.5 million to 248 addresses, including influencers like Thor Hartvigsen! 🌐

📈 This amounts to 11.5% of the token's total supply, sparking intense speculation about its impact on the SAVM token price. 📉

💼 Notably, a trader earned a whopping $6.77 million with Banana Gun, adding to the intrigue in the crypto community. 💰

💡 As of now, SAVM price has dipped by 10.74%, currently at $9.91. Despite this, the weekly chart shows a 9.11% increase, and the market cap remains at $68 million. 📊

🤔 What could these massive transfers mean for the future of SAVM? Share your thoughts! 🚀💬 #CryptoNews #SAVMToken #satoshiNakamoto #CryptoMarketUpdate

📊 A wallet sent 26.917 BTC to an address potentially belonging to Satoshi Nakamoto, per Arkham Intelligence data. Speculations include Satoshi's involvement or other possibilities, including ETF marketing, says Conor Grogan of Coinbase. 💼💰 #BitcoinTransfer #satoshiNakamoto 📰🚀

👉👉👉 #Bitcoin’s Ordinals, Runes key to solving the #Mining subsidy problem: ViaBTC

With each Bitcoin halving event, miners receive reduced block subsidies, but ViaBTC remains optimistic about the future, believing that innovative Bitcoin applications will fill this gap, aligning with #satoshiNakamoto 's vision.

ViaBTC emphasizes transaction fees from applications like Ordinals, Runes, and BRC-20s for miners' sustainability during halving events. Before the launch of Ordinals in January 2023, miners relied on peer-to-peer transaction fees & block subsidies. However, halving block subsidies every 210,000 blocks affects miners' long-term revenue.

ViaBTC anticipates that network activity & utility will compensate miners adequately, driven by ongoing development at the application layer, despite mining revenue potentially increasing with Bitcoin's price surge. This was evident when ViaBTC mined block 840,000 on April 20, receiving a record-setting 37.6 BTC transaction fee alongside the new 3.125 BTC block subsidy.

This transaction fee resulted from enthusiasts competing to inscribe "rare satoshis" and tokens using the new Runes token standard launched at the halving block.

ViaBTC was surprised by the substantial reward at the halving block, expecting transaction fees to surpass significant thresholds eventually. Despite this, Bitcoin miners earned $78.3 million on halving day, outpacing Ethereum stakers & Uniswap liquidity providers in fee earnings on nine out of the last 20 days post-halving, per Crypto Fees.

Satoshi Nakamoto predicted transaction fees would become miners' main income source as block subsidies decrease. ViaBTC agrees, citing advancements in Ordinals, Runes, and BRC-20s. Yet, popularity fluctuations of these protocols cause revenue instability for miners.

Since 2016, ViaBTC has weathered three halving events and mined over 37,534 blocks in its 2,900-day existence. With a global hash rate and miners from 118 countries, ViaBTC remains dedicated to adapting to the changing crypto landscape.

Source - cointelegraph.com

#CryptoNews🔒📰🚫

💥💥💥 #bitcoin reaches one billion transactions

Bitcoin has reached a significant milestone as it processes its one billionth transaction, marking a monumental moment for the network since its inception 15 years ago.

According to Clark Moody’s Bitcoin dashboard, the landmark transaction, numbered 1,000,000,000, was recorded in block 842,241 at 9:34 pm UTC on May 5. This achievement comes 15 years, four months, and four days after the network's first block was mined by the pseudonymous creator, #satoshiNakamoto , on January 3, 2009.

Throughout its 5,603-day existence, the Bitcoin network has handled an average of 178,475 daily transactions.

Data from the Bitcoin-exclusive exchange River indicates that the Lightning Network alone processed an estimated minimum of 6.6 million transactions in August 2023. This suggests that the Lightning Network has facilitated hundreds of millions of transactions since its launch in January 2018.

Bitcoin experienced a surge in daily transactions surrounding its fourth halving event on April 20, reaching a record high of 926,000 transactions on April 23. Much of this increased activity was attributed to the launch of the Runes protocol at block 840,000.

However, the daily transaction count on Bitcoin has since tapered off, registering 660,260 transactions on May 4.
While Bitcoin holds the title as the oldest #cryptocurrency network, it is not the first to process one billion transactions. Its primary competitor, Ethereum, has surpassed two billion transactions since its launch in July 2015, according to data from Etherscan.

Source - cointelegraph.com

#CryptoTrends2024 #BinanceSquareBTC $BTC