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An upcoming HBO documentary that promises new details about the identity of pseudonymous Bitcoin founder Satoshi Nakamoto is causing a stir on crypto Twitter, with industry veterans saying the film will reveal who created the world’s first virtual currency. I’m excitedly speculating whether he claims to have invented it. The documentary Money Electric: The Bitcoin Mystery explores who actually invented Bitcoin, whether they invented it alone or with help, and the profound impact their research has since had on the global economy. We delve into issues that are still controversial. The film was directed by Karen Hoback and executive produced…
Consumers are quickly finding it harder to find products like bananas, electronics and “breathtaking” liquor now that longshoremen from Maine to Texas are officially on strike. you might notice.As of Tuesday, 36 ports on the East Coast and Gulf Coast were closed as labor negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) stalled, resulting in 45,000 union members leaving their jobs. Ta. The ILA strike, the first since 1977, could be one of the biggest supply chain disruptions since COVID-19, leaving large numbers of critical products out of stock in stores and affecting millions…
Visa has launched the Visa Tokenized Asset Platform (VTAP), a system that helps banks create and manage stablecoins (digital tokens tied to real currencies). The platform allows banks to securely create, destroy, and transfer tokens on blockchain networks, bridging traditional banking and blockchain technology. VTAP simplifies the process for banks to issue real money-backed tokens, ensuring stability and reliability. It also allows banks to use smart contracts, programs that automatically manage complex financial tasks. The platform integrates seamlessly with existing banking systems with a user-friendly interface. BBVA, a major Spanish bank, was one of the first to pilot VTAP. BBVA…
PayPal has reportedly completed its first business payment using its in-house stablecoin. This was done to demonstrate how digital currencies can be used to improve often confusing commerce, Bloomberg News said on Thursday (October 3), citing interviews with company officials. Reported. PayPal did not disclose the amount, but the payment was made to accounting giant Ernst & Young on September 23rd using PYUSD, a stablecoin that the company launched in 2023. Used SAP SE platform to complete. Stablecoins are digital assets pegged to the US dollar. “The corporate environment is very well-suited for that,” José Fernández da Ponte, senior vice…
Important points BlackRock data shows that a Bitcoin allocation in a portfolio can significantly outperform traditional investments. BlackRock emphasizes Bitcoin’s role as a hedge against fiat currency declines. Share this article At the Digital Assets Conference held today, BlackRock presented its latest insights into Bitcoin’s volatility and future performance, stating that Bitcoin’s volatility has decreased significantly and will continue to decrease over time. . Breaking news: Bitcoin volatility has fallen and will continue to fall – BlackRock pic.twitter.com/iCWafcyLyD — Marty (@ Thinkingvols) October 3, 2024BlackRock, the world’s largest asset manager, highlighted Bitcoin’s evolving role in the global financial ecosystem. According…
The crypto community is reacting strongly to claims that an upcoming HBO documentary has exposed the true identity of Bitcoin’s notoriously elusive creator Satoshi Nakamoto.HBO released a trailer for the documentary on October 3rd, revealing interviews with early Bitcoin adopters and pieces of research, including Blockstream founder Adam Back and JAN3 CEO Samson Moe. did.Notably, the trailer does not explicitly claim that the answer to “the internet’s biggest mysteries” has been found, leading many to believe that the question remains unanswered. However, a subsequent Politico report claimed that the documentary exposed Satoshi’s true identity.According to Politico, the documentary identifies Satoshi…
(Bloomberg) — U.S. stocks rose as traders weighed positive economic data against the prospect of escalating conflict in the Middle East. Oil and the dollar rose.Most Read Articles on BloombergThe S&P 500 fell 0.2% and the Nasdaq 100 ended the day modestly lower after choppy trading for much of the morning. The mood on Wall Street soured following President Joe Biden’s cryptic comments about whether he supports Israel attacking Iranian oil facilities.Oil indexes soared. Brent crude rose above $77 a barrel, its longest daily rise since August, and West Texas Intermediate rose above $73. Investors fear that if Israel attacks…
Banks are preparing to pilot crypto transactions on the Swift network as the industry’s transition to tokenization accelerates. Financial institutions will soon use Swift’s platform to settle “digital assets and currencies,” with pilots starting next year. Swift (World Interbank Financial Telecommunications Association) was founded in 1973 and provides a messaging network for initiating international payments. More than 11,000 institutions connect to the network, and Swift transmits more than 5 billion financial messages each year. “For digital assets and currencies to succeed on a global scale, it is important that they can coexist seamlessly with traditional forms of money,” Swift Chief…
advertisement XRP experienced a flash crash on Thursday, just a few minutes after news broke that the U.S. Securities and Exchange Commission (SEC) had filed a notice of appeal against Judge Annalisa Torres’ August ruling in the landmark Ripple case. It fell about 15% after hours. This development shocked the crypto market and reignited heated debates about the SEC’s motives and the future trajectory of XRP. Throughout Thursday, critics within the cryptocurrency community scrutinized the SEC’s decision, questioning its rationale and potential benefits. Prominent lawyer Jeremy Hogan joined in, calling it a “huge mistake” by the SEC. “The SEC is…
Pro-XRP lawyer Fred Rispoli outlined Ripple’s strategy for its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). He hinted that the potential significance of certain securities laws could be a key factor in Ripple’s cross-appeal. Additionally, CEO Brad Garlinghouse emphasized XRP’s non-security status and allayed the community’s concerns. What will happen to Ripple’s masterstroke in cross-appeal? Rispoli’s revelations came after the SEC confirmed it would appeal a federal judge’s ruling in its case against Ripple. On October 2, the SEC filed a notice of appeal with the Second Circuit Court of Appeals, marking the next chapter in…