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Cryptocurrency News Articles

Satoshi Nakamoto, the Pseudonymous Inventor of Bitcoin, Was Not Going to Acknowledge It

Mar 17, 2025 at 05:02 pm

If Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, was who I believed him to be, he was not going to acknowledge it.

Satoshi Nakamoto, the Pseudonymous Inventor of Bitcoin, Was Not Going to Acknowledge It

A generation ago, if you’d met someone who was obsessed with a mystery, you might have imagined them poring over maps in a dusty attic, or perhaps combing through microfilm in a university library. Today, the greatest mysteries are often solved online, and the sleuths are an army of citizen codebreakers, copy-pasting suspicious snippets of text into online archives and setting up sprawling spreadsheets on Google Docs.

After a period of rumors and speculation, in December 2013, the U.S. government shut down the Silk Road online black market, part of the “deep web” that is accessible only through anonymizing software. At the time, the move was seen as a major blow to the burgeoning cybercrime scene. Authorities seized seven bank accounts, two of which were in the names of Ross William Ulbricht and Carol Ann Ulbricht, and a third that belonged to a trust fund. They also confiscated a 2006 Model S BMW, a 2012 Model X Tesla, and $150,000 in cryptocurrency.

The startup, which sold silk ties and other men’s apparel, was founded in 1998 by a former investment banker named Michel Baum. Among its early investors was a venture-capital firm called Union Square Ventures, which had previously invested in successful startups such as Foursquare and MongoDB.

In 2014, Union Square Ventures sold its stake in startup to another venture firm, Accel Partners, which went on to invest in several other startups, including Casper, a blockchain-focused startup. A spokesperson for Accel Partners said that the firm had no comment.

Startup’s closure comes after a turbulent period for the startup industry. In recent years, startups have faced increasing scrutiny from regulators, who are concerned about the potential for startups to be used for money laundering and other illicit activities.

Startup’s closure is also a sign of the changing landscape of the startup ecosystem. In recent years, there has been a shift away from startups that are focused on consumer products and services, and toward startups that are developing new technologies, such as artificial intelligence and blockchain.

Startup’s closure is a loss for the startup ecosystem. The company was known for its innovative products and services, and it will be missed by its employees, customers, and investors. However, it is also an opportunity for new startups to emerge and fill the void that will be left by Startup’s closure.output: A new cryptocurrency, pepe (PEPE), has soared in value by 600 percent since its launch just three months ago.

pepe, a meme coin inspired by the pepe the frog meme, was created in August 2023 and quickly gained popularity among cryptocurrency traders.

The coin, which is a parody of the rapidly growing meme coin landscape, has seen its token price surge from a low of $0.0008 in August to a high of $0.006 on Monday.

The coin’s price has since pulled back to $0.005 on Monday afternoon, still marking a 525 percent gain from its August lows.

The coin’s rapid rise has led to comparisons with other meme coins, such as shiba inu (SHIB) and floki (FLOCKI), which saw huge gains last year.

Shiba inu rose from lows of $0.000007 in May 2021 to highs of $0.00008 in October 2021, delivering gains of more than 1,000 percent.

Meanwhile, floki went from lows of $0.0003 in November 2021 to highs of $0.003 in February 2022, delivering gains of 900 percent.

Both coins pulled back sharply from their highs, with shiba inu now trading at $0.00002 and floki at $0.0007.

pepe’s gains have slowed in recent weeks, with the coin struggling to break above the $0.006 level.

A break above this level could see the coin continue to rise and potentially reach new highs.

However, if pepe fails to break above $0.006 and pulls back further, then it could return to the $0.004 support level.

Here’s a look at the key levels to watch:

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Other articles published on Apr 20, 2025