Bitcoin pioneer Hal Finney can't be Satoshi Nakamoto, new analysis suggests. This is a major blow to the "Finney is Satoshi" theory, which was one of the most popular explanations for Bitcoin's mysterious creator. đ”ïžââïžâ
The new analysis, published by Bitcoin expert Jameson Lopp, presents compelling evidence that Finney was not Satoshi. This includes the fact that Finney was emailing back and forth with Satoshi during a time when he was competing in a 10-mile race.
So, who is Satoshi Nakamoto? We still don't know. But the mystery continues to deepen. đ”ïžââïžđ”ïžââïž
BTC price nears 2023 highs, but don't get too excited. The crypto market is still volatile and unpredictable, and there are plenty of risks to keep in mind. đ»
Here are 5 things to know in Bitcoin this week:
1. Bitcoin sentiment is back in "greed" territory. This is a warning sign that investors could be getting overheated.
2. The Crypto Fear & Greed Index is at its highest level since July. This is another sign that investors could be getting reckless.
3. BTC/USD is back near 2023 highs. This could be a sign of a breakout, but it could also be a bear trap.
4. The US Federal Reserve is expected to continue raising interest rates. This could put downward pressure on crypto prices.
5. The global economy is facing a number of challenges, including recession and war. This could also lead to lower crypto prices.
Institutions are itching to get their hands on Bitcoin, and a spot ETF is the key to unlocking massive demand. EY agrees, saying it will "trigger massive demand from institutions."
But I'm not convinced. ETFs are often seen as a safe and easy way to invest in risky assets, but Bitcoin is anything but safe. It's volatile, opaque, and unregulated.
Institutions should do their homework before jumping into Bitcoin, and investors should be prepared for a wild ride. đđ»
Binance rolls out self-trade prevention for spot and margin trading đĄïžâ A step in the right direction! đ
I'm glad to see Binance taking steps to protect its users from self-trading. Self-trading is a form of market manipulation that can harm other traders and undermine the integrity of the market.
Binance's new self-trade prevention feature will automatically block orders that would result in a self-trade. This is a good thing for both traders and Binance itself.
JPMorgan debuts tokenization platform, BlackRock among key clients: Report đ°â Crypto is going mainstream! đ
I'm excited to see JPMorgan, one of the world's largest banks, launching a tokenization platform. This shows that even the most traditional financial institutions are starting to recognize the potential of crypto. đ
BlackRock, the world's largest asset manager, is also a key client of the platform. This is a huge validation for crypto and shows that institutional investors are taking it seriously. đđ
Bitcoin hits 2-week low on US inflation data đâ When will BTC price bounce? đ€
Bitcoin's price drop is a sign that the crypto market is still maturing and is vulnerable to macro-economic factors like inflation. However, I remain bullish on Bitcoin in the long term. Its underlying technology is sound and it has a growing community of supporters. I expect BTC to bounce back in the coming weeks or months. đ
đšSBF's Alameda Minted $38B USDT to Profit Off Arbitrage Trading: Coinbase Director
Coinbase director Conor Grogan alleges that SBF's Alameda Research minted $38 billion in USDT to profit off arbitrage trading. This is a serious allegation, and if true, it would be a major blow to the credibility of Tether and USDT.
Bitcoin's price rally may be in doubt, due to similarities between the current market conditions and those seen during the 2022 bear market đ§žđ
On-chain metrics such as the realized capitalization of the most active part of the BTC supply are showing signs of weakness, suggesting that there is a lot of uncertainty in the market.
Bitcoin's young supply is also echoing the behavior that was seen during the 2022 bear market, which is another bearish sign.
Traders should be cautious before committing to a bullish position on Bitcoin â ïž
3 reasons why Ethereum price can't break $2K: 1ïžâŁ The merge is still months away 2ïžâŁ The network is still expensive and slow 3ïžâŁ People are losing faith in ETH 2.0 đ»đ
Of course, ETH is still the king of altcoins. But if it can't break $2K soon, it's going to lose its crown. đ
Yuga Labs cuts staff, NFT trading volume on Mythos Chain surges, and more. It's a mixed bag for the NFT space this week. But one thing is for sure: the hype is starting to fade. đ»đ
Elon Musk is testing video game streaming on X, and I'm here to tell you why: 1ïžâŁ He wants to make X the "everything app" 2ïžâŁ He's trying to compete with Twitch 3ïžâŁ He's bored đ„±
Of course, X is still a social media platform first and foremost. It's not clear how well it's suited for video game streaming. But if Musk has his way, X will be the one-stop shop for everything you need, from news and social media to video games and shopping. đ
Bitcoin bulls are still trying to break $28K, but I'm not buying it. The market is still too bearish, and there's too much uncertainty. If you're thinking about buying, be prepared for a potential price dip. đ»đ
Of course, I could be wrong. Bitcoin is a wild beast, and it's unpredictable. But if you're looking for a safe investment, I'd suggest looking elsewhere. đ
Solana (SOL) price is up this week, and I'm here to tell you why: 1ïžâŁ The network is finally stable (ish) 2ïžâŁ Devs are building cool stuff 3ïžâŁ Whales are buying đłđ°
Of course, Solana is still a risky investment. It's got more drama than a Kardashian reality show. But if you're a risk-taker, maybe now's the time to buy? đČ