Bitcoin Breaks Through $5,300, Mysterious “Satoshi Nakamoto” Tag Appears On Bitcoin Cash Blocks And Tether Issues Official Statement — The Crypto2Cash Chronicle
Today’s dose of interesting and important crypto news, brought to you by the Crypto2Cash team
Bitcoin Breaks Through $5,300
Bitcoin has once again broken through the psychologically important $5,300 mark. The coin is up around 3 percent in the last 24 hours and is currently trading at $5,390 on CoinMarketCap. All top 20 currencies are in the green and Bitcoin Cash gained the most, up almost 14 percent on the day and regaining it’s spot as fourth largest currency by market capitalization.
Mysterious “Satoshi Nakamoto” Tag Appears On Bitcoin Cash Blocks
Since April 25th, mysterious Bitcoin Cash blocks have started appearing on the network all tagged with “Satoshi Nakamoto”. Every block that is mined has a section where arbitrary data can be stored and therefore one can store messages there. Currently, almost 25 percent of all blocks contain the mysterious tag and it is still unclear who the miner is and what intentions he has. Some are speculating about a possible 51% attack, as the miner seems to have high funds, already having earned over $1 million over the last week, through block creation. On May 15, Bitcoin Cash will see a hard fork, adding further insecurity to the network.
Tether Issues Official Statement
Stuart Hoegner, the general counsel of both Tether and Bitfinex has issued an official statement on the Tether controversy. Hoegner confirmed that Bitfinex had $850 million of it’s funds seized by payment processor Crypto Capital. Bitfinex then used some of the Tether treasury funds to make up for this, meaning that currently only 76 percent of all tokens are backed by fiat currency. Amidst all this controversy, Tether added another 100 million tokens to its supply, meaning that the total circulating supply increased from $2 billion to $2,8 billion since April. Cryptocurrency users seem to still have confidence in the Stablecoin, with 83 percent of all Bitcoin trades happening in the USDT pairs.
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