The Coin Shark continues its new rubric “Crypto Story” to tell details from the biography of well-known projects and crypto personalities in the format of space history.
Today we will talk about the most important and mysterious figure of the crypto world – the creator of Bitcoin, Satoshi Nakamoto. The public made several attempts to reveal the real person or group of people that stands behind this name.
In June, we mentioned that according to the Ripple’s CEO, China owned about 50% of Bitcoin as there were 4 major mining pools which produced them. As the time has passed, the figures have also raised quite impressively.
The study reports, since 2015, more that a half of total hash power has been composing by the mining pools based in China. One of those is an infamous company – Bitmain. Moreover, the research tells about the ways China can harm Bitcoin.
China adopted a nasty attitude towards Bitcoin long ago, thus nothing can prevent it from attack Bitcoin, thought hegemony over the network still does not allow the Chinese government to destroy it. Bitcoin is a decentralized network, but Chinese authorities spare no effort to control it, as it does to the whole China.
The report has summed up that China brings danger to Bitcoin. We remind you
The issue of Bitcoin exchange traded funds must have been the most difficult for the SEC the last couple of month. The Commission rejected ETFs, then rejected their own decisions, and the issue hung heavy in the air.
Currently, the SEC is accepting applications in support or against of Bitcoin ETFs. These applications will directly influence the initial 9 ETFs proposed a while ago by a couple of investment firms. The final decision of the Securities and Exchange Commission will be published on the 26th of October, 2018.
We bet there is not a person in your circle who has never heard of Bitcoin. Nowadays, cryptocurrency #1 has become a TV star. Horror films, travel films, and Hollywood thrillers about it are produced. However, few people are aware of the existence of documentaries that illustrate “digital gold” as it is and exhibit its positive and negative sides.
The Coin Shark has collected its own TOP real-life stories about creation of the characteristics of Bitcoin.
1. The Bitcoin Gospel (2015)
The film is dedicated to both technical side of the cryptocurrency and its value in society. It also covers payments with cryptocurrency issue. The film starts with a performance of a Bitcoin evangelist Roger Ver and is basically dedicated to his way in crypto industry. In this film, you will learn how cryptocurrency works, why it is being promoted so much and who else, besides Ver, firmly believes in digital future.
2. Bitcoin: The End Of Money As We Know It (2014)
The documentary shows how much the new cryptocurrency has already influenced and is still influencing the traditional financial systems. Having watched it, you will understand how Bitcoin differs from other currencies and why so many people around the world want to own it.
3.The Rise And Rise Of Bitcoin (2014)
“The Rise and Rise of Bitcoin” is a film-history of the world #1 cryptocurrency. It covers all the events that have ever hit the headlines. Those who are closely connected with BTC will tell why Bitcoin volatility is associated with a rollercoaster ride.
4. Magic Money (2017)
This film is created as an answer to the popular questions about Bitcoin. There you will learn about what cryptocurrency is. The idea that the authors convey- Bitcoin is not controlled by financial institutions, but only by the people who use it. The creators in details investigate the origin of BTC and try to predict its future.
5. The Bitcoin Story (2015)
The Bitcoin Story is a collection of myths and rumors about the creation of Bitcoin, the basics of technology, political influence and its impact on the financial system. Also, the authors have created a collection of opinions of venture capitalists on cryptocurrency.
Recently, we have written that Bitcoin and Ethereum are not in trends anymore as the search requests dropped drastically over the year. Unfortunately, ICO is also following the same tendency of decreasing its popularity. Let’s look deeper at the statistic data and reason why this phenomena is happening.
Autonomous Research, a company that provides global investment research in finance, has compared the raised funds by ICOs, token sales over the year.
Research shows that funds raised by token sales in January 2018 overcame the psychological mark of $2.4 billion, while September investments were less than $300 million, according to the data. It means that the activity has fallen over 90% since the beginning of the year.
Autonomous Research highlights three main reasons that are able to explain the decrease in interest.
The first one is that investors are losing faith in ICOs, recent scams, big hackers attacks, intransparency fuel to the fire. Moreover, they mostly choose equity in companies that offer ICOs.
The second reason is STOs (security token offerings) that highly likely replace real ICOs. This hypothesis was announced by a blockchain mark consultant Michael Spencer:
“In the latter half of 2018 and in 2019 we are therefore going to see a huge rise in STOs, and they may eventually out-duel ICOs.”
Even though STOs provide with bigger security and less possibility of fraud, Autonomous Research still thinks they will not hit the market in the nearest future.