U.Today – Here are the top three stories of the past day, as presented by U.Today.
FBI breaks silence on creator Satoshi Nakamoto
Dave Troy, a prominent investigative journalist and entrepreneur, recently submitted a Freedom of Information Act (FOIA) request to the FBI, asking for information about Satoshi Nakamoto, the anonymous creator of Bitcoin. The FBI responded to the request by stating that Satoshi could be “one or more third-party individuals” and that it can “neither confirm nor deny” the existence of records about them. As is evident from Troy’s comment to the FBI’s response, this is a typical response for requests concerning non-US persons. The journalist wrote that he intends to appeal the response, adding that his goal is not to identify the person behind the pseudonym, but to obtain any information the FBI may have on the subject.
sees a rise of 12 billion dollars: What is happening?
Recently, XRP has seen a substantial increase in its real trading volume – according to on-chain data, this metric grew by $12 billion. It is often correlated with increased market activity and can potentially impact price movements. Increased volume implies new interest in XRP, which could be the result of a shift in market sentiment from institutional interest or large transactions made by large holders. When volume increases, more people typically enter the market, either as buyers or sellers. As far as XRP is concerned, this could suggest that investors are preparing for a future move, possibly due to speculation or in reaction to recent developments in the cryptocurrency market. However, despite the increase in volume, XRP’s market cap dominance remains low – around 1.4%.
Arthur Hayes predicts an epic altcoin season, but only after this
BitMex co-founder Arthur Hayes recently published an essay titled “Water, Water, Everywhere,” in which he shared his opinion on the future prospects of the cryptocurrency market. Hayes believes that the market is about to face a dramatic change. He underlined the apparent correlation between a decrease in funds within the reverse repurchase agreement (RRP) market and a rise in the price of Bitcoin. As more money flows into the system from the RRP, asset prices, including cryptocurrencies, are expected to grow. Hayes is optimistic about the future of Bitcoin, speculating that it could reach $100,000 in the near future and $1,000,000 in the long term. Another prediction by the BitMex co-founder touches on the topic of altcoins; according to Hayes, we will see the full altcoin season only when Bitcoin breaks through the $70,000 and $4,000 levels.
This article was originally published on U.Today
