Today in crypto heard rumors of Satoshi’s return, saw capitulation talk, bitcoin ETF pitches/appeals, an Intel patent for bitcoin mining, and further negativity from mainstream influencers. Read up on the details.
Satoshi Nakamoto’s Profile Updated 2018!
bitcoin creator Satoshi Nakamoto is famous for his anonymity and general disappearance. However, an update to Nakamoto’s P2P account just surfaced.
Someone posted the word “nour”, complete with quotation marks.
“Back in 2014, his email that was associated with . This could be a continuation of that potential hack, or perhaps it is something else”, Crypto Insider reported today.
Capitulation? bitcoin’s Price Dropped 36% In November
The latter half of this year has seen significant talk of capitulation for . Some arguments might say capitulation happened this month.
bitcoin started November off around $6318. Today, the last day of November, has bitcoin trading around the $4k range. That’s roughly a 36% drawdown in price for the month.
“That drop marks the monthly loss of the year so far”, reported CoinDesk. Starting off the month in the $6k range for BTC already showed about a 70% drop from all-time highs.
bitcoin ETF Seekers Met With SEC Monday In Latest Pitch For Approval
ETF anticipation has filled this year’s headlines. The has rejected all attempts so far.
Cboe’s BZX Exchange, SolidX, and VanEck conducted a meeting with the SEC Monday. They aimed to present swaying information regarding their case for a bitcoin ETF approval.
The entities aimed to show bitcoin’s market as sufficiently developed and able to handle the ETF. They also lobbied the bitcoin market to be more resilient to manipulation, when compared to other commodity markets with ETFs.
American Tech Giant Intel Files New Patent For Energy-Efficient bitcoin Mining
Intel filed an interesting patent on Tuesday, which might hopefully help in solving the problem of energy used for bitcoin mining.
The describes an – “[o]ptimized SHA-256 datapath for energy-efficient high-performance bitcoin mining”. The technology could allow for 15% less energy use.
UBS Executive Paul Donovan Blasts bitcoin Again, States Cryptos Are ‘Fatally Flawed’
More negative comments from the mainstream world. Paul Donovan, Wealth Management Global Chief Economist for the Union Bank of Switzerland, labeled bitcoin as fundamentally flawed yesterday.
An with CNBC saw Donovan state – “[t]o be perfectly honest, I think anyone with a high school education in economics has been a bitcoin skeptic right from the start. These things were never going to be currencies, they’re not going to be currencies at any point in the future, they’re fatally flawed”.
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SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense …
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The newer HBUS cryptocurrency exchange has taken its message to the streets with a new billboard campaign. According to a blog post by the exchange themselves, they are the first in the nation to do this, and we find nothing to the contrary. However, there have been other bitcoin-related billboard campaigns, like the one Genesis …
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| BTC $3,974 ↓3.88% $101M |
ETH $112.8 ↓0.94% $24.6M |
XRP $0.3605 ↓2.43% $6.38M |
XLM $0.1595 ↑1.88% $3.22M |
| BCH $173.2 ↓0.16% $2.23M |
EOS $2.85 ↓1.38% $2.21M |
USDT $0.99 ↑0.04% $2.16M |
ZEC $78.5 ↓7.61% $1.67M |
| LTC $31.70 ↓3.65% $1.3M |
XMR $56.8 ↓3.56% $1.06M |
ADA $0.0386 ↓4.24% $604,359 |
ETC $4.63 ↓2.94% $576,832 |
| XTZ $.49 ↓12.5% $576,681 |
DASH $90.8 ↓1.81% $270,278 |
GNO $12.07 ↑13.0% $203,352 |
QTUM $1.98 ↓3.88% $123,362 |
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