Hi,
Welcome once again to weekly roundup, where we put a spotlight on the Bitcoin related highlights of the week from around the globe.
It has been an interesting week in the sometimes weird but always wonderful world of Bitcoin.
Satoshi?
The start of the week saw the unveiling of the alleged Satoshi Nakamoto as Mr Craig Wright, a previously unknown Australian IT and security consultant. As the story has evolved over the week, we saw the tax office raiding his house, claims of having one of the world’s largest supercomputers, scam and hoax speculations, faked PGP keys, and a large part of the Bitcoin community arguing that Wired and Gizmodo published their stories without enough evidence.
Bitcoin price
This week the price of Bitcoin has seen a strong upwards trend, resulting in a 20%+ increase in the Bitcoin price! We’re still seeing a lower price in India than on international exchanges, so there is still a good arbitrage opportunity remaining, although it has been shrinking since last week. In addition, volumes on our exchange have been hitting new heights and liquidity remains as strong as ever. We also saw #bitcoin trending on twitter and peaking on google searches due to the alleged Satoshi news - where will this take the price next week? Let us know your predictions!
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