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Does Bitcoin Founder Satoshi Nakamoto Deserve A Nobel Prize?

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Does Bitcoin Founder Satoshi Nakamoto Deserve A Nobel Prize?

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  • Satoshi Nakamoto’s invention of Bitcoin is undoubtedly one of the most profound inventions of the 21st century.
  • The encompassing nature of his invention has seen individuals advocate on his behalf that he deserves a Nobel Prize.
  • His mysterious nature and stringent rules may put a dent in his chances at getting the Nobel Prize.

Alfred Nobel’s will and last testament created the Nobel Prize which is seen as one of the highest achievements that a person can attain in a given field of study. The award is bestowed “to those who, during the preceding year, have conferred the greatest benefit to humankind.” This raises the question of whether or not Satoshi Nakamoto deserves a Nobel Prize.

Give Satoshi A Nobel Prize!

Satoshi Nakamoto’s innovation of Bitcoin shook the entire financial industry and to this day, the reverberations of that singular act can still be felt all around the world. The invention of Bitcoin in 2009 birthed a $2 trillion industry that changed the way we perceive money by eliminating the need for intermediaries. Sectors like art, commerce, education have all leveraged this technology, igniting calls that the founder of this revolutionary technology be bestowed with a Nobel Prize.

According to Michael Saylor, the CEO of MicroStrategy, Bitcoin’s founder “deserves a Nobel Prize in Economics for the invention of Bitcoin, followed by the Nobel Peace Prize for the invention of a monetary system that doesn’t rest on the threat of violence.”

One of the cornerstones for the award is that individuals must have conferred the “greatest benefit to humankind” and the mass adoption of Bitcoin and blockchain technology satisfies the criteria for the Nobel Prize in Economics. The requirement for the award of the Peace Prize is hinged on the fact that bitcoin as a currency does not require violence for adoption. History is littered with instances where fiat currency led to wars and the continuous threat of war looming ominously in the background.

The Nobel Prize Has Laid Down Rules

While cryptocurrency enthusiasts may hold the belief that Satoshi Nakamoto is deserving of the Nobel Prize, several factors will stand in his way of getting the award. Firstly, the Nobel Prize for Economics requires members of academies and university professors to nominate individuals, and most often, the nominated individuals are renowned academics in the field of economics. Asides from the Bitcoin paper, there is no other academic paper that can be ascribed to Satoshi Nakamoto.

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Furthermore, there is an added requirement that the winner should be alive at the time of the award. This is tricky because the last known communication by Satoshi Nakamoto was over 10 years ago. Winners of the Nobel Prize are also expected to give a speech within 6 months of the receipt of the award and there is also the challenge of receiving the prize money of around 9 million SEK. With Satoshi Nakamoto’s identity unknown, the awarding body may find it somewhat unconventional to give him the Prize.

Why It Matters

A Nobel Prize to Satoshi Nakamoto for the impact of Bitcoin on humanity could be regarded as a major push towards global adoption. The move may trigger institutional interests and usher a wave of positive regulations from governments around the world.

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Source: https://zycrypto.com/does-bitcoin-founder-satoshi-nakamoto-deserve-a-nobel-prize/

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Bitcoin’s Latest All-Time High Shines Light On New Prospects To Watch Out For

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Bitcoin Options Volume Explodes Higher As Market Warms Up To First U.S. BTC ETF

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Bitcoin broke through the previous price roof in the wake of an ETF approval in the US and reached an all-time high of $66,909, eliciting huge excitement among proponents. From Reddit, Medium, and Facebook, to Twitter, the social media realm was awash with massive praises of the digital currency, from the right and left segments.

BTCUSD Chart by TradingView

And it appears to be just the beginning of good things ahead for the entire digital currency industry, CTO and Co-founder of Bitcoin rewards app Lolli, Matt Senter, told ZyCrypto.

“We Bitcoiners love ‘Uptober,’ our cheeky nickname for October, and it’s living up to its name. With bitcoin at a new all-time high, Bitcoin is proving that historical price patterns are no joke.”

“Bitcoin has characteristically performed very strongly during October, kicking off a price climb that continues through the first of the new year. At this rate, with increasing institutional adoption and a warming regulatory environment, we believe the bull run is just getting started.”

Probably the next big milestone to watch for Bitcoin is at $72,800, when Satoshi Nakamoto’s striking creativity will surpass the total value of all silver globally in market capitalization, according to the Chief Strategy Officer at Oslo human rights foundation Alex Gladstein.

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That’s the next big milestone for Satoshi Nakamoto’s remarkable invention, once just a string of code on the solitary computer, running quietly in the wake of the Great Financial Crisis.”

At $1.2 trillion in market capitalization, Bitcoin is close to transcending silver in market cap by an entire 90%. Silver is at $1.38 trillion. When there is excessive news of crypto hitting an all-time high, many people begin to sell it to cash in on profits. But many holders may currently still be willing to hold on to their dear coins expecting further breakouts as the fundamentals and prospects by analysts are still looking great. 

At this rate, Bitcoin is up 205 percent this year. But the debut of the Bitcoin ETF approval in the United States has sparked a huge demand. Head of Communications at Lolli Aubrey Strobel said the ETF approval may still activate further price pumps because it makes Bitcoin acceptable to institutional investors.

“The SEC’s approval of the futures ETFs also signals promise for other Bitcoin-related financial products – a sign of a warming regulatory environment for Bitcoin in the U.S., where financial authorities are recognizing that Bitcoin is very much here to stay and that there is an ever-growing body of consumers with interest in owning or investing in Bitcoin.” 

Strobel said that Bitcoin’s all-time high price is the latest validator that Bitcoin is the most secure store of value in history given the high yearly ROI – especially in the last decade.

“Bitcoin has consistently discredited critics who deride its volatility as an augur of a coming price crash by breaking ever-higher price ceilings, inviting growing institutional and mainstream interest.” 

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Source: https://zycrypto.com/bitcoins-latest-all-time-high-shines-light-on-new-prospects-to-watch-out-for/

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Kraken Daily Market Report for October 25 2021

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Overview


  • Total spot trading volume at $1.29 billion, the 30-day average rose to $1.24 billion.
  • Total futures notional at $325.7 million.
  • The top traded coins were, respectively, Bitcoin (+3.6%), Tether (0%), Ethereum (+3.3%), Solana (+3.9%), and Polkadot (+5.0%).
  • Strong returns from Curve Dao (+37%), Keep (+15%), and Algo (+13%).

October 25, 2021 
 $1.29B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$63081. 
↑3.6% 
$384.0M
USDT 
$1.0 
↑0.01% 
$308.4M
ETH 
$4219.2 
↑3.3% 
$192.9M
SOL 
$210.14 
↑3.9% 
$67.4M
DOT 
$44.5 
↑5.0% 
$62.4M
USDC 
$1.0 
↑0.0% 
$53.3M
ADA 
$2.1447 
↑1.2% 
$42.8M
DOGE 
$0.2645 
↓4.1% 
$37.2M
LINK 
$32.403 
↑8.9% 
$27.5M
FLOW 
$13.402 
↑2.1% 
$18.2M
GRT 
$1.0349 
↑9.5% 
$16.9M
ALGO 
$2.0453 
↑13% 
$13.2M
XTZ 
$6.6284 
↑2.6% 
$12.0M
CRV 
$4.79 
↑37% 
$11.9M
XRP 
$1.0954 
↑1.1% 
$11.2M
DAI 
$0.9999 
↓0.01% 
$10.5M
MATIC 
$1.6754 
↑6.5% 
$9.06M
LTC 
$195.2 
↑2.4% 
$8.59M
KSM 
$401.75 
↑0.6% 
$7.58M
MINA 
$4.82 
↑5.0% 
$7.34M
ATOM 
$35.294 
↑2.8% 
$7.22M
OMG 
$14.444 
↑0.7% 
$6.37M
XMR 
$286.76 
↓0.8% 
$5.81M
KEEP 
$0.8051 
↑15% 
$4.35M
XLM 
$0.3879 
↑4.2% 
$4.08M
ZEC 
$170.09 
↓1.9% 
$3.41M
MOVR 
$417.26 
↑2.8% 
$3.38M
AXS 
$131.5 
↑7.6% 
$2.93M
FIL 
$63.877 
↑2.0% 
$2.74M
UNI 
$26.72 
↑3.5% 
$2.58M
DYDX 
$18.866 
↑4.8% 
$2.4M
TRX 
$0.1006 
↑1.5% 
$2.37M
SC 
$0.0190 
↑4.7% 
$2.32M
BCH 
$621.32 
↑0.6% 
$2.26M
AAVE 
$312.69 
↑1.7% 
$1.94M
KAVA 
$5.7865 
↑2.7% 
$1.91M
NANO 
$5.6303 
↑5.2% 
$1.75M
ICX 
$2.1112 
↑3.7% 
$1.67M
EOS 
$4.8112 
↑1.9% 
$1.51M
SNX 
$9.863 
↑4.7% 
$1.46M
OXT 
$0.4492 
↑4.1% 
$1.44M
CTSI 
$0.8006 
↑9.6% 
$1.43M
COMP 
$322.9 
↑4.7% 
$1.13M
ETC 
$55.243 
↑0.7% 
$984K
LPT 
$25.85 
↑11% 
$892K
DASH 
$208.57 
↑2.8% 
$878K
MLN 
$141.81 
↑4.4% 
$779K
SUSHI 
$10.72 
↑2.2% 
$775K
EWT 
$10.217 
↑0.11% 
$677K
OCEAN 
$0.9021 
↑2.9% 
$667K
RARI 
$20.41 
↑1.6% 
$648K
ENJ 
$1.906 
↑7.4% 
$640K
LSK 
$3.8041 
↑0.7% 
$592K
SRM 
$7.7271 
↑3.3% 
$578K
MANA 
$0.8096 
↑4.4% 
$565K
BAL 
$22.38 
↑2.5% 
$512K
CQT 
$1.197 
↓0.25% 
$505K
CHZ 
$0.336 
↑4.9% 
$497K
SDN 
$3.8552 
↑2.6% 
$497K
REN 
$1.1086 
↑1.9% 
$458K
BAT 
$0.7025 
↑2.4% 
$443K
PERP 
$16.41 
↑1.5% 
$443K
SAND 
$0.8098 
↑3.9% 
$426K
GNO 
$407.99 
↑8.4% 
$418K
MKR 
$2471.4 
↑1.4% 
$407K
QTUM 
$13.216 
↑1.2% 
$406K
STORJ 
$1.3232 
↑3.9% 
$368K
1INCH 
$4.064 
↑6.9% 
$343K
WAVES 
$28.372 
↑1.3% 
$340K
PAXG 
$1807.1 
↑0.5% 
$332K
PHA 
$0.77 
↑2.9% 
$316K
BAND 
$9.025 
↑2.6% 
$261K
BADGER 
$29.723 
↑11% 
$259K
YFI 
$34808. 
↑0.7% 
$248K
ANT 
$4.5635 
↑0.6% 
$238K
ANKR 
$0.0933 
↑2.6% 
$202K
RAY 
$10.595 
↑3.5% 
$199K
KNC 
$1.6488 
↑1.1% 
$190K
KAR 
$8.512 
↑2.4% 
$167K
INJ 
$12.169 
↓0.4% 
$139K
MIR 
$3.04 
↑0.8% 
$123K
GHST 
$1.915 
↑3.5% 
$90.7K
LRC 
$0.4253 
↑1.8% 
$76.1K
OXY 
$2.258 
↑1.4% 
$72.8K
REP 
$24.993 
↑0.7% 
$68.6K
ZRX 
$1.0099 
↑1.4% 
$68.6K
REPV2 
$23.990 
↑0.6% 
$58.6K
TBTC 
$65252. 
↑3.3% 
$43.1K
OGN 
$0.8349 
↑2.9% 
$27.5K
BNT 
$4.2810 
↑3.1% 
$26.6K
WBTC 
$63158. 
↑2.2% 
$24.3K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (October 26 2021)



Figure 2: Mid-size trading assets: (measured in USD) (October 26 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (October 26 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Source: https://blog.kraken.com/post/11703/kraken-daily-market-report-for-october-25-2021/

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EntroFi Announced Partnership with dForce to Power Real-world Finance

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EntroFi

Following Uprets, Hashingbot and Ninghua Supply Chain Management, we are delighted to announce our first inter-protocol collaboration with dForce, an integrated and interoperable DeFi protocol matrix covering lending (global liquidity pool, yield markets), assets (stablecoin, synthetic asset, etc.), and trading (liquidity aggregator, AMM).

In the auspice of this new partnership, EntroFi will gain access to the USX’s credit line from dForce, and therefore significantly enhances our capabilities to meet various liquidity demands generated by all the recent collaboration with asset originators as well as more SMEs and financial institutions in near future.

Such inter-protocol partnership also allows dForce to use EntroFi as a portal to connect with borrowers in various forms and facilitate easy execution for RWA deals.

DeFi has enjoyed its most robust growth since last summer, with global TVL soared from 13.69 billion USD in November 2020 up to an estimate of 82 billion USD by the end of September this year; however, such tremendous achievement is still dwarfed by size of traditional real-world assets (real estate, stock, gold, bond etc), which is measured in hundreds of trillion USD. Therefore, we believe the key to break the bottleneck of DeFi growth is to extend its offering beyond cryptocurrency and into the broader scope of RWA (real-world assets).

Major DeFi platforms such as MakerDAO are already onboarding RWA originators into their ecosystem, and it is evident that more RWAs will soon be originated onto blockchains through tokenization, enabling SMEs and individuals who have been neglected by traditional financial intermediaries to access capitals with more transparency as well as efficiency, while allowing DeFi users to generate solid returns un-correlated to crypto volatility.

This partnership with dForce marks the first attempt by EntroFi to secure liquidities from a major DeFi platform. As more real-world institutions and corporates seek to incorporate DeFi into their financing strategies, EntroFi will continuously work with other institutional partners to connect RWA loans and borrowers globally.

About dForce

dForce is an integrated and interoperable DeFi protocol matrix, featuring pool-based lending (global liquidity pool), native stablecoin (USX and EUX) and synthetic assets (like xTSLA, xAAPL, xAMZN etc), and trading (aggregator and AMM). By October 2021, dForce is among the top 5 protocol operates on Arbitrum in term of TVL.

dForce is backed by several world-class investors including CMBI (China Merchant Bank International), Multicoin Capital, and Huobi Capital. It is the world’s first open finance project powered by a leading commercial bank.

About EntroFi

EntroFi is an innovative DeFi lending platform designed to significantly improve the efficiency of financial infrastructure by bridging DeFi capitals directly with loan borrowers who use real world assets or native NFTs as collaterals. In specific, it is a two-way portal that pools and channels DeFi liquidity to SMEs and individuals who have been neglected or marginalized by traditional financial intermediaries, while on the other hand, brings a variety of real-world collateral assets (account receivables, real estates, pledges of equity, manufacturing & logistic equipment) as well as existing native NFTs (Metaverse properties, artifacts etc.) to DeFi protocols by converting them into a new type of financial NFTs.

Join us to catch up on the latest of EntroFi.

Twitter | Medium | Discord | Telegram | Reddit | Forum

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Source: https://medium.com/@EntroFi/entrofi-announced-partnership-with-dforce-to-power-real-world-finance-1561ccae5b50?source=rss——cryptocurrency-5

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