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 latest government data shows that India's retail inflation has slowed to its lowest rate in four months, dropping to 5.22% in December 2024. This decrease can be attributed to lower food prices, according to the National Statistics Office. However, the Reserve Bank of India has raised its projection for inflation in the current fiscal year to 4.8%, citing persistent food price pressures. This news could have a positive impact on businesses and consumers alike, as it signals a more stable economic environment.
According to the latest government data, retail inflation for December 2024 has slowed to 5.22%, the lowest in the last four months. This is mainly due to easing prices in the food basket, with food inflation dropping to 8.39% compared to 9.04% in November. The Reserve Bank of India has raised the inflation projection for the current fiscal year to 4.8%, citing lingering food price pressures. Stay updated with the latest news on NDTV.com from India and around the world.
Prime Minister Narendra Modi inaugurated the Z-Morh Tunnel in Sonamarg, Jammu & Kashmir on Monday, calling it a significant step in improving road connectivity in the region. The 6.5km-long tunnel will make Sonamarg accessible throughout the year, solving the problem of road closures during harsh winters and making travel to Leh smoother. Despite delays due to financial issues faced by the original contractor, the Prime Minister commended the hard work and dedication of the engineers and workers who completed the project.
Flipkart's annual Republic Day Sale is back and bigger than ever, offering amazing discounts on popular electronics, fashion, and fitness products. The sale begins on January 14, but Plus and VIP members can start shopping today for early access. Keep an eye out for deals on smartphones from top brands like Apple and Samsung, as well as heavily discounted smart TVs from TCL, Sony, and more. Don't miss out on this opportunity to upgrade your gadgets and wardrobe at unbeatable prices!
The Indian rupee has hit a record low of 86.12 against the US dollar following a stronger dollar and better-than-expected US jobs data. This trend has been further fueled by higher crude oil prices and continued outflows from foreign investors. Experts suggest that the Reserve Bank of India's decision to allow the rupee to depreciate may be a response to global and domestic pressures, including the cautious stance of the Federal Reserve and solid economic data. The market now anticipates only one interest rate cut by the US Fed in 2025.
The Indian cricket board, BCCI, has recently announced that it is extending the copyrights for all its material and assets for the next five years until 2025. This move highlights the board's emphasis on protecting its intellectual property and copyright laws as it continues to grow its brand globally. With the upcoming T20 World Cup and the Indian Premier League, the BCCI's decision to safeguard its copyright is a strategic move that ensures the board's financial stability and future growth.
Mumbai-based DMart reports a consolidated net profit of Rs 724 crore for the October-December period, with a 4.8% increase over the same period last year. While the revenue growth of 17.7% meets market expectations, the net profit falls short of analysts' estimates. The company's quarterly earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 1,218 crore, representing an 8.8% year-on-year increase, but with a margin decrease of 60 basis points. DMart CEO Neville Noronha cites increased competition and discounting in the FMCG category as the reason for the margin decline and remains committed to providing value to customers through their retail and fulfillment centers. The market's reaction to the quarterly numbers will be closely watched on Monday.
Amid the ongoing debate around work-life balance and extended working hours, Mahindra Group Chairman Anand Mahindra expressed his disagreement with the emphasis on the number of working hours. He highlighted the importance of focusing on the quality of work instead, stating that it's not about working longer hours but achieving the desired output in a shorter time. Mahindra also advocated for the integration of liberal arts into education for professionals, emphasizing the importance of holistic thinking for making informed decisions.
Aakash Education Services, a leading coaching institute, has approached the NCLT seeking urgent financial support to keep its business running during the ongoing pandemic. With the sector facing significant challenges due to the global health crisis, the company stresses the need for immediate funding to ensure continuity of its operations. This development highlights the impact of COVID-19 on the education industry and the measures being taken to mitigate its effects.
The Board of Control for Cricket in India (BCCI) has successfully renewed its copyrights for the next five years, giving it exclusive rights over Indian cricket. This decision further strengthens the board's control over the sport in the country. Fans and critics alike are now questioning the impact of this move on other cricketing bodies and the future of Indian cricket.