As Bitcoin marks its 16th anniversary, it continues to rise in popularity among investors. In just 48 hours, 11,000 BTC were removed from exchanges, indicating a strong belief in the asset's long-term potential. This trend is further evidenced by the $1 billion worth of BTC accumulated by investors since the start of the year. The approval of the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs by the SEC shed light on the increasing interest from institutional investors, with net flows into spot Bitcoin ETFs reaching $4.63 billion in December alone. Bitcoin enthusiast Tom Lee predicts that the asset could reach $250,000 in 2025, fueled by a favorable regulatory landscape and increased interest from other nations' Bitcoin reserves. With a capped supply of 21 million coins and a current price of $96,800, all eyes are on Bitcoin as it approaches this significant psychological and financial milestone.
Satoshi Nakamoto: The Enigmatic Creator of Bitcoin
Bitcoin, the revolutionary cryptocurrency, has been making waves in the financial world since its mysterious inception in 2009. Behind the groundbreaking technology lies an equally enigmatic figure known as Satoshi Nakamoto, the anonymous creator of Bitcoin.
Who is Satoshi Nakamoto?
The identity of Satoshi Nakamoto remains a closely guarded secret. All available information points to an individual or group of individuals who used a pseudonym to communicate with the Bitcoin community through online forums and email.
Nakamoto's first public appearance was in 2007 with the publication of the Bitcoin white paper. This document outlined the concept and architecture of Bitcoin, proposing a decentralized digital currency that would eliminate the need for intermediaries like banks.
Nakamoto's Role in Bitcoin's Development
Nakamoto played a pivotal role in developing Bitcoin's protocol and software. They designed the blockchain, the distributed ledger that records Bitcoin transactions, and implemented cryptographic algorithms to secure it. Additionally, Nakamoto managed the initial distribution of Bitcoins and set the parameters that govern its supply.
Disappearance and Speculation
In December 2010, Nakamoto abruptly disappeared from the Bitcoin scene, leaving the project in the hands of other developers. Several theories have emerged about Nakamoto's true identity, with some speculating that they could be a respected figure in cryptography or an intelligence agency.
Top 5 FAQs Related to Bitcoin
1. What is the current price of Bitcoin? A. As of today, the price of Bitcoin is $96,800.
2. What is the maximum supply of Bitcoin? A. The supply of Bitcoin is capped at 21 million coins.
3. What is the SEC's stance on Bitcoin ETFs? A. The SEC has approved several Bitcoin ETFs, including the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs.
4. What factors could impact Bitcoin's future value? A. Factors that could influence Bitcoin's value include regulatory developments, institutional adoption, and economic conditions.
5. Where can I buy or sell Bitcoin? A. Bitcoin can be bought and sold on cryptocurrency exchanges like Coinbase, Binance, and Kraken.
The Social Security Administration recently released updates for 2026, including a potential 2.7% increase to benefits. However, the official announcement of the cost-of-living adjustment (COLA) could be delayed due to the government shutdown. While an increased COLA is positive for beneficiaries, some argue that it still may not keep up with the rising cost of living. Additionally, beneficiaries who currently receive physical paper checks will need to make arrangements for direct deposit or a Direct Express card to continue receiving their benefits.
The Indian government has given its approval for the formation of the 8th Central Pay Commission, which will be tasked with assessing and making recommendations around pay, benefits, and working conditions for over 1.2 crore central government employees and pensioners. The Commission, which will have a chairperson, a part-time member, and a member-secretary, will have 18 months to complete its work and will also look at emolument structures and conditions in the private sector and CPSUs. The recommendations are expected to be implemented from January 1, 2026.
Prime Minister Narendra Modi launched the Gyan Bharatam Portal, dedicated to preserving and promoting India’s vast and unique manuscript heritage. Speaking at the Gyan Bharatam International Conference, PM Modi emphasized the importance of preserving India’s knowledge legacy and adapting to changing times. He also highlighted how the ancient manuscripts reflect India’s diverse cultural heritage and contribute to humanity’s progress in various fields.
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Nvidia, the Silicon Valley titan, has broken yet another market record by becoming the first company to reach a staggering $5 trillion valuation. The remarkable achievement highlights the profound impact of the company's AI chips in driving the ongoing AI revolution. However, concerns have been raised about inflated tech valuations, with the IMF warning of a possible "AI bubble." As Nvidia continues to expand globally and diversify its offerings, it remains to be seen if it can sustain its unprecedented growth.
The Federal Reserve announced a quarter point rate cut, bringing the benchmark interest rate down to a range of 3.75% to 4%. While some economists predict another cut in December, Federal Reserve Chair Jerome Powell stated that a third consecutive reduction is not guaranteed. The decision was made amid the ongoing government shutdown, causing policymakers to rely on private sector indicators for their decision. This move signals the Fed's greater concern about a cooling job market than lingering inflation. With 10 out of 12 members voting in favor of the action, the outcome of the meeting showcased deep division.
Father Muller Charitable Institutions, led by director Fr Faustine Lucas Lobo, has taken a big step towards progress and excellence by inaugurating and blessing four modern classrooms for the students of Father Muller College of Physiotherapy and Father Muller College of Allied Health Sciences. The ceremony, attended by management committee members, faculty, and staff, also saw the presence of respected individuals like Dr Michael Santhumayor and Fr George Jeevan Sequeira. These new additions are a testament to FMCI's commitment to providing top-quality education to its students.
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