As Bitcoin marks its 16th anniversary, it continues to rise in popularity among investors. In just 48 hours, 11,000 BTC were removed from exchanges, indicating a strong belief in the asset's long-term potential. This trend is further evidenced by the $1 billion worth of BTC accumulated by investors since the start of the year. The approval of the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs by the SEC shed light on the increasing interest from institutional investors, with net flows into spot Bitcoin ETFs reaching $4.63 billion in December alone. Bitcoin enthusiast Tom Lee predicts that the asset could reach $250,000 in 2025, fueled by a favorable regulatory landscape and increased interest from other nations' Bitcoin reserves. With a capped supply of 21 million coins and a current price of $96,800, all eyes are on Bitcoin as it approaches this significant psychological and financial milestone.
Satoshi Nakamoto: The Enigmatic Creator of Bitcoin
Bitcoin, the revolutionary cryptocurrency, has been making waves in the financial world since its mysterious inception in 2009. Behind the groundbreaking technology lies an equally enigmatic figure known as Satoshi Nakamoto, the anonymous creator of Bitcoin.
Who is Satoshi Nakamoto?
The identity of Satoshi Nakamoto remains a closely guarded secret. All available information points to an individual or group of individuals who used a pseudonym to communicate with the Bitcoin community through online forums and email.
Nakamoto's first public appearance was in 2007 with the publication of the Bitcoin white paper. This document outlined the concept and architecture of Bitcoin, proposing a decentralized digital currency that would eliminate the need for intermediaries like banks.
Nakamoto's Role in Bitcoin's Development
Nakamoto played a pivotal role in developing Bitcoin's protocol and software. They designed the blockchain, the distributed ledger that records Bitcoin transactions, and implemented cryptographic algorithms to secure it. Additionally, Nakamoto managed the initial distribution of Bitcoins and set the parameters that govern its supply.
Disappearance and Speculation
In December 2010, Nakamoto abruptly disappeared from the Bitcoin scene, leaving the project in the hands of other developers. Several theories have emerged about Nakamoto's true identity, with some speculating that they could be a respected figure in cryptography or an intelligence agency.
Top 5 FAQs Related to Bitcoin
1. What is the current price of Bitcoin? A. As of today, the price of Bitcoin is $96,800.
2. What is the maximum supply of Bitcoin? A. The supply of Bitcoin is capped at 21 million coins.
3. What is the SEC's stance on Bitcoin ETFs? A. The SEC has approved several Bitcoin ETFs, including the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs.
4. What factors could impact Bitcoin's future value? A. Factors that could influence Bitcoin's value include regulatory developments, institutional adoption, and economic conditions.
5. Where can I buy or sell Bitcoin? A. Bitcoin can be bought and sold on cryptocurrency exchanges like Coinbase, Binance, and Kraken.
In an interesting turn of events, users of X (formerly Twitter) discovered a "X Score" feature that was touted to provide an insight into their social credit standing on the platform. However, most users were shocked when the AI assistant gave them a paltry 38 out of 100. This led to speculations of a possible algorithm tweak by X's owner Elon Musk, but later it was revealed that this was not an official feature and no changes had been made to the algorithm. So, if you're wondering why your views are going down, Musk has a simple answer for you.
Nazibur Rahman, former principal secretary to the Prime Minister's Office and National Board of Revenue chairman, has been sent to jail after his three-day remand in connection with the 2022 killing of a BNP activist. Police have implicated Rahman in the case after arresting him in October 2025. The incident began when BNP leaders and activists gathered in the capital as part of their party program. On December 7, 2022, police and AL men entered the BNP office and opened fire, injuring the activist. A case has been filed against 256 people, including Prime Minister Sheikh Hasina, for their involvement in the incident.
In a major shift, Facebook, Instagram, and Threads will no longer use fact-checkers to moderate content, instead relying on community notes similar to X. The move is intended to promote free speech and reduce mistakes in content moderation. Additionally, the company will be moving its trust and safety teams responsible for content policies and moderation from California to Texas and scrapping restrictions on topics like immigration and gender identity. However, there is a trade-off as the company admits it will catch less bad content but also reduce the number of innocent posts and accounts that are accidentally removed.
According to Sky Sports journalist Manuele Baiocchini, AC Milan is considering a potential loan deal for Manchester United star Marcus Rashford. Milan sees him as a potential reserve for Rafael Leão and a backup option for Álvaro Morata and Tammy Abraham. However, Rashford's high salary of €14 million per year is a major obstacle for Italian clubs. Talks have yet to take place, but Milan is open to discussing the deal if United helps cover the salary.
Standard Glass Lining Technology Ltd. is set to raise Rs 410.05 crore through its initial public offering, which has been subscribed 16.13 times so far on Tuesday. The grey market premium for the IPO currently stands at Rs 93, suggesting a potential 66.43% premium at listing. With an issue price range of Rs 133–140 and a combination of fresh issue and offer for sale, the company has already raised Rs 123 crore from anchor investors and is set to finalise allotment on Jan. 9 with a tentative listing date of Jan. 13.
The stock market saw a sharp decline in the morning hours of trading on Monday, with the Sensex plunging close to 800 points and the Nifty tanking over 250 points. This was attributed to fresh foreign fund outflows and the cautious stance of investors ahead of the upcoming earnings season. The broader markets also traded in the red, with the Nifty Microcap 250 leading the losses and the Nifty Metal and Realty indices dominating in the red. Meanwhile, the global oil benchmark Brent crude saw a slight dip, while the US markets ended on a positive note on Friday.
Microsoft recently faced a bug that led to the suspension of many Microsoft Rewards accounts. The company has acknowledged the issue and provided a fix, but affected users may have to wait a few hours before regaining access. This bug has caused not just inconvenience, but also the loss of reward points for many loyal Microsoft Rewards users. The error message reads "Your Microsoft Rewards account has been suspended" and may seem like a violation of terms and conditions, but Microsoft has clarified that it was only a technical issue. Despite the fix, affected users are rightfully questioning the false suspension and loss of their reward points.
Today, the much-awaited demerger of ITC Hotels from its parent company ITC was finally executed, with ITC shares starting to trade without its hotels business included. Analysts predict a fair price of Rs 264 per share for ITC Hotels, with shareholder eligibility for its shares being decided based on holdings of ITC shares as of today. The newly demerged ITC Hotels will soon be listed on the bourses, with Nomura expecting a listing price in the range of Rs 200-300 per share. In the meantime, ITC Hotels will remain a part of stock indices where ITC is a constituent, and its listing may be postponed in case of trading circuit limits being hit. This corporate action is expected to significantly impact shareholders of ITC, a prominent blue-chip stock in the Indian market.
The initial public offering (IPO) of Quadrant Future Tek Limited will open on January 7, 2025, and close on January 9, aiming to raise Rs 290 crore. The book-built issue is entirely fresh, with a price band of Rs 275-290 per share. The proceeds from the IPO will be directed towards the company's working capital requirements, capital expenditure, loan repayment, and general corporate purposes. With the estimated listing price at Rs 470, investors could see a potential gain of 62.07% from the IPO.
The Railway Recruitment Board (RRB) has released the answer key for the Technician Grade 3 exam held in 2024. Candidates can raise objections by visiting the official websites of their respective zones and entering their application number and date of birth. The last date to raise objections is January 11, 2025, and a fee of Rs. 50 per question must be paid. If the objection is found to be valid, the fee will be refunded to the candidate. Multiple payment options are available for candidates.