BitDigest May 21 · Issue #663
- Crypto market sells off on rumor that bitcoin creator has returned
- France announces successful test of digital euro
- Brazil’s anti-trust administrator voted to reopen its investigation into the financials sector’s ban on services to digital currency firms
Weekly Stock Review
- Canaan’s (NASDAQ: CAN) price has declined 30% over the week as an unnamed insider leaked that Q1 revenues were down 80% versus 2019.
- Galaxy Digital (TSX: GLXY.V) reported assets under management at the end of April totaled $370 million, a month-over-month increase of 4%.
- Daily volume for Riot Blockchain (NASDAQ: RIOT) spiked yesterday hitting 12.7 million shares driving the average volume over 1190% since last week
Early Mined Bitcoin Moves for First Time Since February 2009
The crypto world went ablaze yesterday when observers noticed that 50 bitcoin, minted weeks after Satoshi Nakamoto mined the initial Genesis Block were moved for the first time since February 2009. The market began selling-off questioning if Satoshi had suddenly reappeared and would begin to liquidate the million plus bitcoin assumed to belong to him, but crypto followers stated they did not believe this early block actually belonged to Satoshi.
The story evolved as “fake Satoshi,” developer Craig Wright announced he had not moved the bitcoin either. The problem is that this address was included on the list of addresses Wright had identified as being under his control in his ongoing court case. If Wright holds the private key to the address and did not transfer the bitcoin, the key was either stolen which we assume he would definitely comment on, or he may not actually own the address in question after all.
Others believe that the bitcoin may have belonged to early adopter Dave Kleiman. It was reported that his family did not comment on the transfer nor did they respond to multiple media requests.
The Headlines
Exchange, Custody and Product News
Reports you may have missed
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