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Virtual Monument to Bitcoin Founder Opened in Kyiv Today

  • Yuri Molchan
    📰 News

    Virtual installation occurred on the site of the demolished Lenin monument


Virtual Monument to Bitcoin Founder Opened in Kyiv Today
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This installation of the virtual Satoshi Nakamoto monument by Kyiv crypto enthusiasts was the first one within the global project of creating augmented reality cities under the guise of the Satoshi Nakamoto Republic project.

The event in the Kyiv center

Crypto enthusiasts were marching holding posters to support BTC and society decentralization “Bitcoin is secured by nothing,” “We want pension in Bitcoin,” “Return the rate of $20,000 for one Bitcoin,” etc.


Alexander Soroka, the founder of the Satoshi Nakamoto Republic, pointed out that since nobody knows what Satoshi Nakamoto looks like, he might as well be a Ukrainian Cossack.

The creators of the monument shared that the virtual monument looks similar to all ideas people have about the Bitcoin creator. Therefore, the monument can be to a woman, artificial intelligence or even an alien.

Apparently, the event began as a simple desire to have fun but quickly grew into a global project on creating augmented reality cities around the world.

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Before the end of 2018, reportedly, two more virtual statues of Satoshi Nakamoto are to appear in the US. The music Blockchain startup Younk has joined the project and the co-founders of the startup Andrey Dakhovskyy will see that the monuments appear in Los-Angeles and Miami.

Android app to view the monument

The app that lets you see the virtual statue can be downloaded from the Google Play store searching the phrase Satoshi Nakamoto Republic or from the App Store using the search phrase Satoshi Monument. Since the technology of augmented reality is brand-new, old models of smartphones may fail to support it.

Satoshi embodied in stone

After installing the virtual monument, the organizers also plan to address the Kyiv municipal administration for permission to start raising money to make and install a real monument to the Bitcoin creator.

Cover image via u.today
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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
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