Mexican billionaire Ricardo Salinas Pliego has urged his followers to buy Bitcoin. Elon Musk, currently the world’s wealthiest individual, could be surpassed by Bitcoin’s anonymous creator, Satoshi Nakamoto. In Nigeria, artist Davido faced backlash after allegedly scamming investors by pocketing 4,000 from his meme coin sale. Some Russian companies are resorting to cryptocurrencies like USDT […]
Bitcoin News
Musk vs. Nakamoto: A 210% Bitcoin Surge Could Change the World’s Wealth Rankings
At this moment, Tesla’s Elon Musk holds the title of the wealthiest individual on the planet, as reported by the Forbes Real Time Billionaires list on June 1, 2024. However, there exists a potential future where Bitcoin’s creator, Satoshi Nakamoto, could surpass Musk’s fortune. Given the current value of BTC, the price would need to […]
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Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality
Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, […]
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UK Judge Freezes Craig Wright’s Assets Worth $7M Amid Satoshi Nakamoto Identity Dispute
After Judge James Mellor in the U.K. rendered his decision in the notable lawsuit initiated by the Crypto Open Patent Alliance (COPA) against Craig Wright, he concluded that Wright did not embody the persona of the pseudonymous Satoshi Nakamoto. Subsequently, Mellor enforced a worldwide injunction on Wright’s holdings, freezing assets valued at £6.7 million (approximately […]
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Stacks Accelerates Toward Mainnet With Strategic Nakamoto Testnet Rollout
The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch. Stacks Introduces Nakamoto Testnet for Comprehensive Pre-Mainnet Testing In a significant step forward for the Stacks ecosystem, the Nakamoto Testnet has been introduced, providing a formal and public […]
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UK Court Rules Craig Wright Is Not Satoshi Nakamoto, Ending Weeks-Long COPA Case
On March 14, Judge James Mellor of the U.K. reached a conclusion in the high-profile case brought by the Crypto Open Patent Alliance (COPA) against Craig Wright, finding him not to be the individual behind the pseudonym Satoshi Nakamoto. This decision came after several weeks of proceedings, concluding with the final arguments recently presented. The […]
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Bitcoin’s Scalability Foreseen by Satoshi Nakamoto to Outpace Visa, Historic Email Reveals
This week, crypto enthusiasts and historians alike have found themselves enraptured by the wealth of newly released emails from Satoshi Nakamoto, uncovering the visionary’s early efforts with Bitcoin. Specifically, one email, identified as number #3, offers unparalleled glimpses into Nakamoto’s considerations regarding Bitcoin’s scalability, economic framework, and prospects. Emails Suggest Satoshi Nakamoto Was Quite Confident […]
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Satoshi Nakamoto to Martti Malmi: The Correspondence That Shaped Bitcoin’s Early Days
In a series of insightful emails between Martti Malmi and Satoshi Nakamoto, the foundational discussions shaping the early development of Bitcoin are revealed. These exchanges offer a rare glimpse into the critical thinking and technical challenges overcome in the cryptocurrency’s infancy. Blueprints of a Digital Revolution: Nakamoto’s Conversations With Sirius The dialogue initiated in May […]
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Cryptographic Clarity: Unmasking Satoshi Nakamoto Demands Ironclad Evidence Amid a Sea of Claims
In the past seven years, the crypto world has witnessed various individuals claiming to be the true Satoshi Nakamoto, the mastermind behind the Bitcoin white paper and the initiator of the first blockchain. Yet, despite their efforts, none have managed to convince the community of their authenticity as the creators of Bitcoin. It appears there […]
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2023 Crypto Wealth Surge — Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow
A recent analysis indicates that Changpeng Zhao, Binance’s former chief, experienced a near billion surge in his estimated wealth in 2023, while Coinbase’s Brian Armstrong enjoyed a .8 billion increase. Yet, topping the list was the elusive Satoshi Nakamoto, whose purported net worth rose by billion this year.
CZ and Nakamoto’s Combined Wealth Increased by Billion This Year
The flourishing crypto market has significantly enhanced the fortunes of numerous executives in the sector, including Binance’s Changpeng Zhao, also known as CZ. On Tuesday, Bloomberg reported that CZ’s fortune swelled by approximately billion throughout the year, a sum that eclipses the penalties his company incurred from various U.S. federal bodies, such as the Department of Justice (DOJ). It’s estimated that CZ’s holdings exceed billion, with the bulk of his wealth linked to his stake in Binance.
Barry Silbert, the boss of Digital Currency Group, witnessed a .5 billion uptick in his net worth, while Gemini’s Winklevoss twins saw their fortunes rise by .4 billion. Concurrently, Coinbase’s Brian Armstrong‘s assets expanded by .8 billion, and co-founder Fred Ehrsam saw a .8 billion elevation in his estimated riches in 2023. However, the most significant beneficiary this year has been the enigmatic founder of Bitcoin, Satoshi Nakamoto.
It’s estimated that Nakamoto holds 1 million bitcoins, initially mined during the currency’s inception between 2009-2010. In 2023, Nakamoto’s fortune experienced an increase of approximately billion more than that of CZ, soaring from .53 billion in December 2022 to a staggering .59 billion. This equates to a .05 billion growth in wealth over the past year. Nakamoto’s net worth now sits squarely between Nike co-founder Phil Knight and MacKenzie Scott, the former spouse of Amazon’s Jeff Bezos, according to the Forbes real-time billionaires list.
Remarkably, since accumulating this wealth, not a single penny or satoshi has been moved from Nakamoto’s collection of BTC wallets, underscoring the enduring intrigue surrounding Bitcoin’s creator, whose identity remains the financial world’s most captivating enigma.
What do you think about the fact that Nakamoto’s net wealth grew by billion this year? Share your thoughts and opinions about this subject in the comments section below.