- News on the Blockchain
- Posts
- Renewed Speculation on Satoshi Nakamoto’s Identity Reignites Bitcoin Debate
Renewed Speculation on Satoshi Nakamoto’s Identity Reignites Bitcoin Debate
News on the Blockchain
October 14, 2024
@newsontheblockchain, 14/10/2024
Confidence in Knowledge. Providing daily news to make sure you're up to date!
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 751
Market Cap: $2.24T (↑ 2.00%)
24h Volume: $65.96B (↑ 44.22%)
Bitcoin Dominance: 56.9% (↑ 0.27%)
Ethereum Dominance: 13.6%
ETH Gas Price: 10.85 Gwei
Fear & Greed Index: 45/100 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $64,609.18 | +2.88% | $1,277,156,428,831 | $27,535,224,371 |
Ethereum (ETH) | $2,526.26 | +2.52% | $304,124,143,146 | $14,063,862,323 |
Tether (USDT) | $0.9993 | -0.04% | $119,655,620,584 | $51,359,003,077 |
BNB (BNB) | $579.54 | +0.90% | $84,572,796,050 | $1,625,854,619 |
Solana (SOL) | $152.39 | +3.85% | $71,585,218,310 | $2,011,947,132 |
💹 Market Highlights:
Total DeFi Volume: $3.88B (5.88% of total volume)
Stablecoins Volume: $59.35B (89.97% of total volume)
Coin with highest % change: Brett (Based) $BRETT +18.70%
📈 Preview On Today’s News:
- Renewed Speculation on Satoshi Nakamoto’s Identity Reignites Bitcoin Debate
- Beware of New Cryptocurrency Scam Involving Arbitrage MEV Robots
- US Regulators Collect $19 Billion in Crypto Settlements in 2024 Amid FTX and Terraform Labs Collapse
🔥Heat Map:
Top 10 News for today:
1)
Renewed Speculation on Satoshi Nakamoto’s Identity Reignites Bitcoin Debate
The recent HBO documentary Money Electric: The Bitcoin Mystery has revived discussions about the identity of Bitcoin's mysterious creator, Satoshi Nakamoto, suggesting Canadian developer Peter Todd as a potential candidate. This speculation has drawn significant reactions, notably from Ripple's CTO David Schwartz, who dismissed assumptions about Nakamoto's intentions as "delusional nonsense." Schwartz argued that developers should not feel bound to follow Nakamoto’s original vision for Bitcoin. Additionally, crypto enthusiast STominaga emphasized that legal arguments around Bitcoin must focus on Nakamoto’s documented writings, without relying on external interpretations. As the debate continues, the mystery of Nakamoto's identity remains unresolved, while the documentary prompts deeper reflections on the responsibilities of current developers and the ongoing influence of Nakamoto's legacy.
Recent speculation, driven by an HBO documentary, suggests Peter Todd as a candidate for Satoshi Nakamoto, prompting reactions from key figures like Ripple’s CTO, David Schwartz, who criticized the adherence to Nakamoto’s vision.
Discussions focus on whether developers should follow Nakamoto’s original writings, with legal arguments emphasizing the importance of these texts, as speculation about Satoshi's identity continues to intrigue the crypto community.
2)
Beware of New Cryptocurrency Scam Involving Arbitrage MEV Robots
A new cryptocurrency scam targeting Ethereum users has been uncovered, involving arbitrage MEV robots falsely linked to AI tools like ChatGPT. Scammers lure victims by claiming the bot’s code was created using ChatGPT, urging them to set up MetaMask wallets and deploy smart contracts with the promise of passive income. Once victims fund the contract and activate the bot, their funds are stolen via a backdoor in the smart contract. The SlowMist security team advises users to be cautious and verify the legitimacy of such claims to protect their assets.
Scam tactics: Scammers claim their arbitrage bots are created with ChatGPT, tricking users into deploying fake smart contracts and losing their funds.
Precautionary measures: Users are urged to verify any claims of AI involvement, check the legitimacy of provided code, and avoid unknown links to protect their assets from theft.
3)
US Regulators Collect $19 Billion in Crypto Settlements in 2024 Amid FTX and Terraform Labs Collapse
In 2024, U.S. regulators secured over $19 billion in lawsuit settlements from cryptocurrency companies, marking a 78% increase compared to 2023 and an 8,327% increase from 2022. The bankruptcies of FTX and Terraform Labs were central to this surge in settlements, with FTX contributing $12.7 billion and Terraform Labs paying $4.47 billion. The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) were key players in enforcing these penalties. Regulatory scrutiny has heightened since mid-2022, leading to more settlements, including from Genesis, which paid $2 billion after filing for bankruptcy. Analysts expect further settlement increases before the end of the year, positioning 2024 to surpass previous records.
U.S. regulators collected over $19 billion in 2024 from crypto company settlements, with major contributions from FTX and Terraform Labs.
Regulatory activity has intensified since 2022, with a significant rise in settlements involving companies like Genesis, and experts anticipate more settlements before year-end.
