We reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern”. His latest research suggested that Satoshi Nakamoto likely used a single pc to mine approximately 1.1 million Bitcoin (BTC). However, it appears that there was something of even greater importance lost in the excitement about this discovery. If Lerner’s latest findings are accurate, it would put an end to seven years worth of speculation concerning the meaning behind the mysterious pattern. Patoshi pattern. Source: Sergio Darmain Lerner’s…
Day: August 31, 2020
Ethereum Aims for $500 as On-Chain Metrics Show Little to No Resistance Ahead
Since the beginning of the month, Ethereum has been consolidating within a narrow range. Its price has been mostly contained between the $372 support and the $445 resistance level, without providing any clear signals of where it is headed next. The stagnant price action caused the Bollinger bands to squeeze within the same time frame, indicating that a period of high volatility is underway. Only a daily candlestick close above $445 or below $372 will determine the direction of Ether’s trend. Until then, this price range can be considered a reasonable…
On quantitative easing, crypto and modern monetary theory
With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot more. Modern Monetary Theory has taken center stage, and we are witnessing it in action. It’s a sight that will leave you awestruck: like witnessing the financial version of the first atomic explosion of Los Alamos and the Manhattan Project. What is going on with the world’s economy is unprecedented. We are entering completely new…
Craig Wright files another libel suit against Roger Ver after 2019 fail
Craig Wright, a self-proclaimed creator of Bitcoin (BTC), is reportedly continuing to file more defamation suits against perceived rivals, despite none of his previous attempts turning out to be successful. On Aug. 25, Wright filed a libel suit against major industry figure, Roger Ver, with the High Court of Antigua and Barbuda, industry publication CoinGeek reports. According to an official defamation claim obtained by CoinGeek, Wright is seeking legal action against Ver for publicly stating that Wright is not the true Satoshi Nakamoto — the anonymous creator of Bitcoin. The court…