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Bitcoin [BTC]’s Satoshi Nakamoto supposedly back from the dead

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Bitcoin [BTC]'s Satoshi Nakamoto supposedly back from the dead
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Satoshi Nakamoto’s profile on P2P Foundation came back to life on November 29, 2018, at 12:30 UTC all of a sudden after years of inactivity and posted just one word, “nour” and nothing else.

The word “nour” can be interpreted in different ways, one is the Arabic translation into “noor” which means “the light” and the other, as represented by Urban Dictionary, “The most loving, affectionate and caring person you’ll ever meet. Extremely smart, funny and sensitive. ”

Be that as it may, everybody in the community is questioning as to “why now?” and speculating the reason behind it. Moreover, Satoshi’s emails that were associated with his P2P profile were compromised as the domain behind it went offline.

There is highly unlikely chance that it could be the actual Satoshi Nakamoto, the creator of Bitcoin, coming back to his compromised account. Moreover, the email linked in the P2P website was inactive.

Furthermore, before posting the controversial word, Satoshi Nakamoto connected with Wagner Tamanaha.

Craig Wright, the self-proclaimed Satoshi Nakamoto took to his Twitter further insinuating his claim to being the creator of Bitcoin by posting pictures of sunlight with Arabic captions.

A Redditor MindWallet commented:

“Probably hacked, yes. Why on earth would he come out and say something in Arabic? The account has already been hacked on several occasions as far as I know.”

Although Satoshi Nakamoto’s identity remains hidden even after a decade, there was a supposed Satoshi Nakamoto on Twitter [account suspended for now] a few weeks back that claimed that he would reveal his actual identity as there was a problem with SegWit.

The Tweet said:

“I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing and I would have failed. There is only one way that Bitcoin survives and it is important to me that it works. Important enocugh, that I may be known openly.”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.

Analysis

LocalBitcoins see steady trading volume in Russian Ruble following cash-trades exodus

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LocalBitcoins see steady trading volume in Russian Rouble following cash-trades exodus
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LocalBitcoins, the Finland-based peer to peer cryptocurrency exchange, announced earlier this month that trading in a country’s national fiat currency will be disallowed, leading many in the community to believe that countries not on the frontlines of the digital asset world would be hit the hardest. Three weeks on, some defiant trends have been noticed.

According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement. With many expecting a drop in volume, other top countries have also seen the absence of an immediate plummet, with Moscow being the stand-out.

The first week of June saw a notable high of RUB 1,174 million in volume owing to the native currency, while the aftershock of the announcement dropped the same down by to RUB 1,104 million by the second week. The next two weeks saw the volume surge back to its May 2019 heights, with the week beginning on June 22 recording a volume of RUB 1,188 million in volume.

Source: CoinDance

On the basis of the above data, Russia is indeed a positive LocalBitcoins market.

The Finnish exchange has also been popular in South America, with its weekly volumes doing exceedingly well in the markets of Colombia, Venezuela, Peru, Chile, and Argentina, with Brazil, the only Latin American country left-out.

Buenos Aries saw its weekly volume from the initial weeks of June to mid-June drop from $13.71 million to $10.53 million, following the cash-removal announcement. In terms of the Colombian Peso, CoinDance stated that the number for the same was $9.98 billion towards the close of May 2018, and dropped to $7.16 billion by the first week of June. However, the same has since stabilized to stand at $9.2 billion.

LocalBitcoins began mulling the possibility of phasing out fiat currency trades following its inclusion under the supervision of Finland’s financial watchdog, the Financial Supervisory Authority [FSA] in March 2019. This inclusion was made days after Finnish legislators stated that cryptocurrency-based assets would be given legal status under the law. However, the act will officially come into force later in November 2019.

Additionally, several changes were made to the country’s Anti Money Laundering [AML] laws and Countering Financial Terrorism Act [CTF], which would require the exchange to follow the stated guidelines.

 





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