Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy Monday, Ndaxers— Here’s what happened last week:
In a London press conference on October 31, Stephen Mollah claimed to be Bitcoin’s elusive creator, Satoshi Nakamoto, but failed to offer concrete evidence to support his identity. The event, marred by technical issues, left journalists unconvinced, as Mollah’s presentation relied on unverifiable screenshots rather than cryptographic proof or movement of Satoshi’s Bitcoin holdings. The conference, organized by Charles Anderson, also faced skepticism due to recent fraud charges against both Anderson and Mollah, who were reportedly out on bail. As Mollah promised to provide further proof in the coming months, the claim joins a series of unsuccessful attempts to reveal the real Satoshi. CryptoSlate
The US labor market showed signs of weakness in October, adding only 12,000 jobs, significantly below the expected 113,000, according to the Nonfarm Payrolls report. This follows a downward revision of September's job gains from 254,000 to 223,000 and August's from 159,000 to 78,000. The unemployment rate remained unchanged at 4.1%. The report, released just before the presidential election and a Federal Reserve policy meeting, may influence market expectations regarding interest rates, with participants anticipating a potential rate cut. Following the report, Bitcoin's price remained volatile. CoinDesk
Former President Donald Trump marked Bitcoin’s 16th whitepaper anniversary by reiterating his support for cryptocurrency and his intention to foster crypto-friendly policies in the US. In a social media post, Trump emphasized his plans to advance Bitcoin domestically. His stance has gained attention within the crypto community, which has shown strong political engagement. As the election nears, pro-crypto voters are expected to play an influential role, especially in battleground states. Yahoo Finance
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