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Bitcoin [BTC]: Craig Wright aka Faketoshi accused of lying

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Bitcoin [BTC]: Craig Wright aka Faketoshi accused of lying
Source: Unsplash

Craig Wright, the leader of Bitcoin SV and the founder of nChain has been caught on not one, but multiple instances over the years, lying about being the creator of Bitcoin.

Cryptopotato in a recent report put up proofs that traced how Craig Wright edited his paper to prove his claim of being the creator of Bitcoin.

On February 10, 2019, Craig Wright had posted an abstract of his project called “Black Net” that he had allegedly submitted to the Australian Government in 2001.

This abstract had a lot of similarities to the Bitcoin whitepaper actually released by Satoshi Nakamoto on October 31, 2008. However, what Craig Wright forgot was the previous draft of Satoshi’s whitepaper that was published in August 2008.

Cryptopotato compared both the papers [i.e., Wright’s "Black Net” and Nakamoto’s "draft of the BTC whitepaper”] and pointed out the similarities between them.

Writing on the issue, Cryptopotato stated,

“So if Craig Wright claims to have written the paper in 2001, why does it contain the same corrections as the ones made between the August and the October versions of Satoshi’s white paper?”

Moreover, it was just recently reported that Craig Wright had altered his blog post dated August 26, 2008, by adding a few lines to the already existing blog, to give any person reading the impression that he was indeed working on cryptocurrency and by extension, on Bitcoin.

The feud between Julian Assange and Craig Wright has been going on for over 20 years and has erupted yet again.

Commenting on the feud, a Twitter user, @chillwx said,



“Can someone explain the history behind why @wikileaks and @ProfFaustus dislike each other so much?”

Another Twitter user, @fomo_sapiens commented,

“Easy.
WikiLeaks fights relentlessly to divulge the Truth.
Faketoshi strives to hide it.”

Twitter user @satoshi256bits however, had stronger words when he tweeted,

“It’s pretty clear that Craig isn’t Satoshi and he’s just using that as a marketing technique and to have more publicity for his copy cat shitcoin”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

Bitcoin [BTC]: King coin’s Golden Cross confirmed; Greenspan hints at bullish market

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Bitcoin [BTC]: King coin’s Golden Cross confirmed; Greenspan hints at bullish market
Source: Pixabay

Bitcoin’s much-awaited Golden Cross, which many analysts claimed will lead to a resurgence of a bullish market, has been confirmed. The intersection of the 200-day moving average and 50-day moving average, which indicates the Golden Cross, was achieved over the past few hours.

Earlier today, the top cryptocurrency saw a massive rise after days of sideways movement. Bitcoin’s ascendance saw it break the $5,350 resistance level, which eToro’s Mati Greenspan had previously suggested will consolidate “buying pressure.”

Source: TradingView

Additionally, a major psychological level of $5,500 was also surpassed less than three weeks after Bitcoin broke the $5,000 mark.

The Golden Cross theory holds credibility among analysts in the cryptocurrency realm as it infers that the coin’s average price is above its 200-day equivalent. For the first time in over a year, the cryptocurrency market has seen its 50-day MA move above the 200-day MA, which according to many is a sign of a bullish market.

On the opposing side of the Golden Cross indicator is the Death Cross, where two indicators cross over into a bearish market i.e. the 200-day MA moves above the 50-day MA. The Death Cross manifested in April 2018, after the prices went into a free fall following the December 2017 high.

In April 2018, BTC was priced at just over $7,000, following which it lost more than 50 percent of its price by the end of the year. The price of the king coin has recovered exceedingly well in 2019 however, winning back almost 50 percent of its lost value.

Many analysts, including Greenspan, agree that the crossing of the two moving averages is a clear testament to the return of the bull market. Although he didn’t quite use those words, Greenspan tweeted,

“Ladies & Gents… The Golden Cross!
Bitcoin’s 50-day moving average (gold) crossing above her 200-day moving average (blue). 📈
This is yet another sign that we’re back in a🐂market. 🚀🌛”

However, in an exclusive interview with AMBCrypto last week, Greenspan had stated that the Golden Cross theory is a “lagging indicator,” as the Death Cross was last seen in April 2018, months after the market took a bearish turn.



In his view, the 200-day moving average is the key indicator. On April 2, Bitcoin broke this mark for the first time since March 2018, by recording a massive 17 percent daily gain and rising above $5,000.

Based on historic price changes with reference to the Golden Cross, the last time the 50-day MA soared above the 200-day MA, price of Bitcoin rose by over 8000 percent from $246 in October 2015 to almost $20,000 in December 2017. Given past market movements, the current market scenario, and the optimism in the air, the Golden Cross may just have initiated the Bitcoin bull market.





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