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BAN CRYPTOCURRENCY? Is a secretive and shady cartel propping up the price of Bitcoin!? New academic study floats a wild theory on bitcoin market manipulation
Manage episode 354535685 series 3228265
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According to RAKESH SHARMA, one of the most enduring mysteries of Bitcoin is the identity of its founder, Satoshi Nakamoto. "Little is known about this person or group, and their identity has never been confirmed," the writer adds in a post on Investopedia. "In October 2008, a message signed by Satoshi Nakamoto titled "Bitcoin P2P e-cash paper" announced the creation of the cryptocurrency. For the next two years, Satoshi remained active in the community, communicating with others in the development of the blockchain. Satoshi's last message on the Bitcoin forums was posted in December 2010, though unverified private messages from April 2011 have surfaced." This is an intriguing time for the volatile crypto markets with the spectacular fallout from the collapse of the FTX crypto platform and a blitz of significant pieces on crypto by industry leaders. One piece in the Wall Street Journal calls for a ban on crypto by US regulators following the example of the Chinese government. There is also a controversial theory making the rounds based on an academic study by Sean Griffin that may show evidence of bitcoin being artificially propped up by a secretive group.
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