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ZEC $310.70 +9.90%
BTC $70,429.17 +1.09%
ETH $2,060.50 -0.84%
BNB $629.67 +0.42%
XRP $1.59 +9.71%
SOL $89.48 +4.31%
TRX $0.2809 -0.66%
DOGE $0.1136 +15.93%
ADA $0.2926 +5.06%
BCH $561.54 -0.97%
LINK $9.08 +1.63%
HYPE $31.37 -1.44%
AAVE $128.87 +1.02%
SUI $1.01 +2.86%
XLM $0.1768 +4.04%
ZEC $310.70 +9.90%

gates

Bitcoin falls over 30%, causing Satoshi Nakamoto's assets to shrink by $41 billion, with net worth dropping below that of Bill Gates

Due to the price of Bitcoin dropping more than 30% from its historical high at the beginning of October, Satoshi Nakamoto's net worth in Bitcoin has shrunk by $41 billion in just over a month.According to data from Arkham Intelligence, the total value of Bitcoin holdings associated with the wallets tracked has decreased from $137 billion a month ago to $95.8 billion. When the price of Bitcoin reached an all-time high of $126,080 in early October, the total assets were valued at $137 billion, ranking 11th on the Forbes Billionaires List, above Bill Gates. With the recent drop in Bitcoin's price to around $87,281, the net worth has fallen to $95.8 billion, below Bill Gates ($104.4 billion), dropping to 20th place on the billionaire list.Crypto experts have identified approximately 1.1 million BTC held through the Patoshi Pattern, a unique mining pattern in early Bitcoin blocks. Quantum computing threat: Some believe that as quantum computing technology advances, it poses a "survival threat" to the Bitcoin network (Q-Day), and this anonymous creator may speak out. Joseph Chalom, co-CEO of SharpLink Gaming, stated that he has a bold idea that in the next five to ten years, when the Bitcoin network needs to implement "quantum protection," there may be significant decisions regarding standards and encryption, at which point Satoshi Nakamoto might make an appearance.

The EU investigates Telegram over user numbers

ChainCatcher news, according to the Financial Times in the UK, Brussels is investigating whether Telegram has violated EU digital regulations by failing to provide accurate user numbers, with officials pushing to place this controversial messaging app under stricter regulation.EU legal and data experts suspect that the app has underreported its user numbers in the EU to keep its users below the 45 million threshold, as large online platforms exceeding this threshold will be subject to a series of regulations from Brussels aimed at limiting their influence.The EU investigation coincides with a broad investigation by France into alleged criminal activities on Telegram, which led to the arrest of its founder, Russian-born billionaire Pavel Durov, on Saturday. A magistrate will decide on Wednesday night whether to file charges or release him.Telegram stated that Durov "has nothing to hide." Durov now holds citizenship in France and the UAE.In February, Telegram stated it had 41 million users in the EU. According to the EU's Digital Services Act (DSA), Telegram was supposed to provide updated figures this month, but it did not, only announcing that its "average monthly active user count in the EU is well below 45 million."Two EU officials stated that the failure to provide new data puts Telegram in violation of the DSA, adding that the EU investigation may find the actual numbers to be above the threshold set for "very large online platforms."Such designation brings greater compliance and content moderation, third-party audits, and obligations for mandatory data sharing with the European Commission.
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