Today, Bitcoin’s Satoshi Nakamoto Turns 46

Eighty-eight years ago today, the United States Federal government issued Executive Order 6102, making citizen’s private ownership of gold illegal. This egregious overstep of government-mandated monetary policy is, coincidentally, the chosen date of Satoshi Nakamoto’s birthday, according to the verified profile for the pseudonymous creator of Bitcoin on the P2P Foundation Forums. It isn’t by accident that the profile reflects this date; Satoshi also chose the year as 1975, the year in which Executive Order 6102 was cancelled.

The choice is representative of Satoshi’s understanding of the government’s historical treatment of monetary policy and the citizens it impacts. One could even extrapolate that by choosing the birth year as 1975, Satoshi wanted their own pseudonymous identity to symbolize the ending of government control of money. As Satoshi has disappeared, last heard from in 2010, they are unable to explain or detail why they chose this date specifically.

Still, we can collectively learn from the experience of Satoshi’s appearance and disappearance. To celebrate the pseudonymous creator’s chosen birthday, we have gathered some of Bitcoin Magazine’s best Satoshi Nakamoto-focused content; we hope you enjoy it. Happy birthday, Satoshi Nakamoto.


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Three Highly Undervalued Altcoins Are Ready for Moon Liftoff, Says Tyler Swope

Crypto trader and analyst Tyler Swope is breaking down his fundamental analysis on three crypto projects that the market may be selling short.

In his latest livestream event, Swope tells his 220,000 subscribers that decentralized finance (DeFi) project Compound (COMP) is likely on the verge of breaking out amid news that it will be migrating over to the Polkadot (DOT) substrate ecosystem and that it is releasing its new product, Gateway.


Says the Compound team on the new product,

“Gateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. From the get-go, Gateway is fully upgradeable; governance is able to directly upgrade the blockchain by voting on code upgrades, without forks or downtime.”

Swope also notes that Compound CEO and founder Robert Leshner recently spoke with the Federal Reserve about DeFi and specifically the Compound mission.

“Compound CEO and founder… said this just last week, ‘Today I had the opportunity to present Compound and DeFi to the Federal Reserve staff.’ Compound is bullish.”

The next undervalued token on the influencer’s list is one that he’s spoken about before, Energy Web Token (EWT).

According to Swope, EWT is drastically undervalued, in part because the team is more focused on building their product than the price of their token. The analyst says he is a fan of this strategy, but also notes that the team’s mid-term roadmap indicates that they are about to implement some bullish upgrades that could positively affect the price of the EWT asset.

“I love Energy Web. I know what is going to happen with it. It is changing the energy game… many many pilot programs going on. Unfortunately, the team is focused on building not necessarily the token price, which is a good thing in my opinion… but it just gives you time to accumulate in my opinion.

But why I think it’s a pick that [should be] on the way up is [that the team is] starting to focus on tokenomics and things like that… I’m always bullish on EWT.”

Swope adds that its blockchain has an array of validator nodes run by high-profile firms like Acciona and the PTT Group.


Perpetual Protocol (PERP) is third on Swope’s list. The decentralized perpetual contract product is one of many in the trader’s bucket of investments, but he notes that it has the strongest fundamentals of the bunch.

“They do have a product out and it’s pushing out fundamentally great volumes… I go with fundamentals every time… Perpetual is a decentralized perpetual contract for different assets…They’re looking to move into gold assets, synthetic assets, but they are only in the crypto asset stage right now.”

Swope notes that of the cryptocurrency derivative exchanges, Perpetual has the highest volume of any decentralized derivatives exchange, pushing out $80 million worth of volume in 24 hours at its peak. Ranked at 213 on the top assets by market cap, Swope says Perpetual has a lot of room to grow.

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‘F-ck a Museum’: CryptoPunks NFTs Hit the Streets of Miami

In brief

  • CryptoPunks will be featured on billboards around Miami as part of an art exhibition.
  • The popular NFTs will be on show for a month.
  • It’s the brainchild of artist Justin Aversano, who wanted to bring digital art to the public.

Non-fungible tokens (NFTs) might be selling for outrageous sums, but don’t worry: you’ll soon be able to see them in all their glory—for free—plastered around Miami, Florida. 

As of next week, CryptoPunks, one of the most popular (and expensive) NFTs, will be billboarded all over the Magic City in a month-long exhibition, Pixelated

In partnership with SaveArtSpace, a nonprofit that launches art exhibitions in the place of advertisements, 96 of the Ethereum-based digital characters will be on show. 

But what’s an NFT? And why is everyone going nuts for them? 

NFTs are unique digital tokens, mostly on the Ethereum network, that can represent just about anything online, such as artwork, audio or video content. A boom in interest in them has led big spenders to splash tens of millions of dollars on the digital goods.

The visual art side of NFTs is probably the most lucrative. Proof of how seemingly out-of-control the craze is? One digital artist, Mike Winkelmann (better known as Beeple), last month sold an image file for $69 million.

CryptoPunks also go for a lot. One of the first NFTs to be created back in 2018, the 10,000 unique collectible characters have proof of ownership stored on the Ethereum blockchain. And people love them: one computer-generated avatar of a pipe-smoking alien once sold for $7.5 million. All in all, CryptoPunks generated $96 million in sales last month.

One of the organizers of Pixelated, Gmoney, a pseudonymous investor with an interest in Ethereum and NFTs, told Decrypt: “By displaying punks in the real world, we want to show the world subset of people in society who have found value in punks.

“People either love NFTs or hate them. This is a way to showcase that they are art and that they’re a new medium for creators to showcase their work.”

The idea came about thanks to artist and SaveArtSpace Co-founder Justin Aversano who wanted to introduce the public to the world of Ethereum-based digital art. He got in touch with Gmoney to curate it. 

“I thought, fuck a museum—why not put CryptoPunks on billboards,” Aversano told Decrypt. “The idea is to marry the digital and physical worlds by displaying public art.” 

The two art and crypto lovers raised the cash for the exhibition via donations from CryptoPunk buyers. Over $96,000 was raised to allow for the show to go ahead. 

The art will be shown on billboards and bus shelters around Miami from April 12 for at least one month. 

A pop-up exhibition will also take place on April 15 at 69 East 41st St. Miami, Fl. 


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Bitcoin And Crypto Market Smashes Through $2 Trillion As The Price Of Ethereum, Binance Coin, Litecoin And Ripple’s XRP Suddenly Soar

Bitcoin and cryptocurrency prices are soaring, pushing the value of the entire cryptocurrency market over $2 trillion for the first time (though some think the bull run could be just getting started).

With the bitcoin price hovering around $60,000 per bitcoin, the psychological $2 trillion barrier was broken by sharp increases in the price of smaller cryptocurrencies ethereum, binance coin, Ripple’s XRP and litecoin, according to data from crypto price website CoinGecko.

MORE FROM FORBESNew Wall Street Bitcoin Report Reveals Radical $100,000 Bitcoin Price Model ‘Worth Understanding’

The bitcoin and cryptocurrency market has more than doubled in value so far this year, rising from around $750 billion at the beginning of the year. Bitcoin, by far the biggest cryptocurrency by value, makes up more than half of the cryptocurrency market capitalization and has traditionally led the market.

However, the latest rally is being driven by ethereum and binance coin, both cryptocurrencies that have surged over the last year due to a burst of interest in so-called decentralized finance (DeFi). Ethereum, the second-largest cryptocurrency after bitcoin with a total value of around $250 billion, has hit a fresh all-time high price over the last week—adding a further 2% today.


Binance coin and bitcoin-rival litecoin, both top ten cryptocurrencies, have each added around 10% during the last 24 hours.

XRP, the cryptocurrency developed by the company Ripple, has leaped by 35% over the same period following upbeat comments from Ripple chief executive Brad Garlinghouse on the company’s legal battle with U.S. regulators that have claimed XRP is a security and was illegally sold to investors. Ripple is braced for a key discovering session with the Securities and Exchange Commission (SEC) on Tuesday.

Meanwhile, bitcoin and cryptocurrency traders are feeling positive after breaking the $2 trillion barrier and it’s thought this so-called altcoin rally could be set to continue for some time yet.

“I’m expecting continuation upwards in the coming weeks, with bitcoin lagging,” says crypto trader and economist Alex Krüger, speaking via Telegram. “The issue for this market is that leverage heats up too easily whenever bitcoin pushes higher. That’s a headwind.”

MORE FROM FORBESBitcoin Price Prediction: Tesla ‘Reveals’ Potential Future For Bitcoin

Other crypto market watchers are feeling similarly optimistic.

“It’s a fun milestone to celebrate but as we know, quite meaningless,” says Mati Greenspan, the founder of market analysis firm Quantum Economics, who’s feeling bullish despite the massive gains cryptocurrencies have already racked up this year. “The crypto market will continue to grow and more non-crypto related markets will migrate to digital assets. It’s a very good time for the industry.”

The bitcoin and cryptocurrency bull run was sparked in October by news PayPal PYPL would be opening up its platform to bitcoin and a handful of other cryptocurrencies, kicking off a wave of institutional investment in the crypto space. Meanwhile, Telsa billionaire Elon Musk whipped retail traders into a frenzy with his pro-bitcoin tweets, setting the market alight when it was revealed Tesla had added $1.5 billion worth of bitcoin to its balance sheet.

The bitcoin and cryptocurrency community it now celebrating what it sees as the normalization of blockchain-based technology.

“With the crypto market cap exceeding $2 trillion, it is important to note that momentum and interest has begun to expand beyond bitcoin and ethereum,” Paolo Ardoino, the chief technology officer at the British Virgin Islands-based bitcoin and cryptocurrency exchange Bitfinex, said in emailed comments.

“As the industry continues to mature, we expect more blockchain-based applications to be introduced to the world, and coinciding with that, a surge of interest around other alternative assets, dApps and ecosystems as they become more market-ready.”


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FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project. 

ForceDAO detailed the Sunday exploit in a series of tweets, taking ownership of the “engineering oversight” that resulted in the attack, which centered around the platform’s xFORCE contract. 

In a follow-up blog post, Alberto Cevallos explained:

“The exploiters were able to deposit FORCE tokens that would fail the transfer [f]rom call and receive xFORCE tokens, as the xFORCE contract expects a revert from the token but instead receives false.”

He continued:

“A user could then withdraw these newly minted xFORCE tokens for the remaining FORCE tokens in the vault, and liquidate them for ETH on exchanges.”

An additional 14.8 million FORCE tokens were compromised in the initial attack, though they’ve since been returned to the pool.

Often described as a quantitative hedge fund, Force is both a protocol and decentralized autonomous organization, or DAO, that’s designed to produce higher-yielding DeFi opportunities for its community.

The FORCE token collapsed more than 99% on Sunday, from $2.21 to a low of just 2 cents, according to CoinGecko. The token has since recovered 173% in the last 24 hours.