Wow Wow: Satoshi, Legacy BTCs, G20 Agenda, El Salvador, Coinbase, Bitcoin Core, MicroStrategy


Wow, what happened to Satoshi? We are in the thirty-first article of our series. The cryptocurrency market has a greener outlook compared to last week, with Bitcoin trading above $48,000 and ether above $3,500.

In this series, in which some of the developments during the week are briefly discussed, the statue in Budapest, bitcoins taking action after years, the G20 agenda, the audit of the SAI in El Salvador, the application of Coinbase, the update to Bitcoin Core and the current situation of MicroStrategy will be mentioned.

Satoshi statue in Budapest

In a post we shared on May 25We mentioned that a statue of Satoshi Nakamoto will be erected in Hungary.

Statue located in a park in Budapest, close to the Danube in this week planted. The founders of the project consider this to be the first statue in the world dedicated to Satoshi Nakamoto.

The bust, which is placed on a floor on which the name of Satoshi Nakamoto is engraved, has signs worthy of the name to which it is dedicated.

The bust features an obscure face wearing a hoodie with the Bitcoin logo on it. The bronze face, shaped with an emphasis on anonymity, is so polished that the viewer your own reflection can see.

Tamas Gilly, another sculptor who worked with Reka Gergely on the project, told The Associated Press. “It was very challenging. It was very difficult to sculpt someone we don’t know exactly what he looked like. I hope in the statue the main idea of ​​Bitcoin, namely its belong to everybody and nobody at the same time I was able to reflect your opinion.” said.

The founder of the project, Andras Gyorfi, said that they received a total of $ 10,000 worth of donations in crypto money in order to fund all this. But these collected cryptocurrencies then had to be converted to local currency because, according to Gyorfi, “sculptors and other service providers are not yet getting paid in bitcoin.”

Bitcoins taking action after eight years

According to blockchain data, on Wednesday, block 700,579 on the bitcoin network has a series of interesting events. operation is done.

In the transaction involving several different addresses on the sender side, an address that has been identified as belonging to Binance’s wallet 85.1 bitcoins sent.

Addresses used to send these coins the most recent, last on May 2013 It was used to send bitcoin to another address.

1LaGhNjAMTaxQ5wLP7awfwvydvEPCx9DKw The address with code code was created on 19 November 2012 and used in two transactions, one dated 22 February 2013 and one dated 7 May 2013. The third transaction was made on September 15, 2021.

In total since its creation 334.4 bitcoins from this address to other wallets 66.7 bitcoins sent. According to the data at the time of writing, the current balance of the wallet amounts to 267.6 bitcoins.

More than eight years later, the bitcoins in action at block 700,579 are worth millions of dollars.

Digital currencies are already on the agenda of next year’s G20

Indonesia’s Finance Minister attended a virtual conference on Tuesday this week to talk about the G20 meeting to be held next year.

Indonesia will host next year’s G20 meeting. During this meeting, Finance Minister Sri Mulyani Indrawati delivered his presentation on Tuesday. will be considered as a priority listed the topics.

According to the information in the presentation, at the meeting of finance ministers digital central bank coins (CBDC) will be discussed about.

The session will discuss the role of the CBDC, the role of central banks, the way monetary policy is implemented, the stability of the financial system, how it can affect international money transfers, and what design and technology is required to produce a CBDC.

Listing seven topics in total, Indonesian Finance Minister envisions talking about how the economy will recover unlike digital currencies, how Covid-19 affects the economy and health sectors, sustainable finance, global taxation principles, international payment transactions and financial participation.

Inspection to be launched on bitcoin decision in El Salvador

In El Salvador, the SAI will launch an audit of the government’s purchase of bitcoin (BTC) and installing dozens of ATMs for bitcoin.

A human rights organization in the region called Cristosal filed a complaint on September 10 about the bitcoin policy of the government led by President Nayib Bukele.

Also made by Cristosal according to the statement The Court of Accounts agreed to initiate an audit on the subject in line with the request.

In the petition prepared regarding the use of the public budget to buy bitcoin, complaints were filed against a total of six people, including some from the finance ministry.

El Salvador, with the law that went into effect on September 7, put bitcoin into circulation as the official currency alongside the US dollar. According to the statement of President Bukele, the government has been in total since this date. He bought 550 bitcoins.

The Court of Accounts may impose legal sanctions on the relevant accounts and transactions, if any illegality is detected in the accounts and transactions it audits.

Coinbase has filed with the National Futures Association

The US crypto company has applied to the National Futures Association (NFA) to become a futures commission trader.

Thursday According to the shared tweet, this step was taken so that Coinbase can start “futures and derivatives trading” on their platform.

The National Futures Association, an independent institution structured by the CFTC, oversees firms and individuals in the futures and derivatives markets.

According to the information on the NFA’s own website Coinbase Inc. or Coinbase Global Inc. Although they do not appear as NFA members, Coinbase Financial Markets Inc.’s membership phase continues.

It is not known exactly when Coinbase applied to become a futures commission trader. According to official records, Joseph Nikolson is the CEO of Coinbase Financial Markets, while Gregory Compa is the CCO.

BrokerCheck According to his records, Joseph Nikolson has been licensed as a broker by FINRA (Financial Industry Regulatory Authority) in the USA since 1997.

Latest version of Bitcoin Core software released

Bitcoin Core, which switched to version 0.21 in January 2021, switched to version 0.22 as of September 13, after the update that came months later.

Monday according to the post The update, which fixes certain bugs, makes some improvements in general performance with a few features, unlike previous versions.

Since version 0.18.0, Bitcoin Core has started to support hardware wallets, albeit limited. For hardware wallets with Bitcoin 22.0 full GUI support has been brought.

Bitcoin Core 22.0 will also allow users to use the Invisible Internet Project (I2P), unlike Tor, when connecting to the Bitcoin network. Also, only Tor v3 will be supported, not Tor v2 anymore.

The latest version of Bitcoin also paves the way for using more signatures than before in multi-signature (multisig) transactions compatible with Segregated Witness (SegWit). In order for a coin to be used in multi-signature transactions from multiple private keys approval is required.

Previous versions of Bitcoin allowed a maximum of 16 keychain outputs for SegWit-compatible multisig operations, but this number has now been increased to 20.

In the preparation of the 22nd core version of Bitcoin, which Satoshi Nakamoto opened 13 years ago, 128 people contributed directly.

MicroStrategy continues to grow its reserve

Software company MicroStrategyWith the purchase it made this week, the total amount of bitcoins on its table has increased to over 114,000.

to the Securities and Exchange Commission on Monday. to the notification According to the company approx. $242.9 million average unit cost in return $48,099 including 5,050 bitcoins he bought.

Bitcoin price After the fall on September 7 your $48,000 It may be possible that the company made this purchase, which was announced on September 13, before September 7, considering that it fell below.

MicroStrategy, which only bought 8,957 bitcoins between July 1 and September 12, is now in its financial statements. To 114,042 BTC gives place.

MicroStrategy is currently among publicly traded companies worldwide with the most bitcoins in the name position. Announcing its first BTC investment in August 2020, the company has so far 114,042 bitcoins With an average unit cost of $27,713 to purchase, approximately $3.16 billion spent.


Image: People posing with the statue of Satoshi in Hungary (Attila Kisbenedek/AFP/Getty Images, image modified by Koin Bulletin)