Coinbase Finds Satoshi Nakamoto's Identity Dangerous For Cryptocurrencies

Revealing the identity of the creator of Bitcoin could have a negative impact on the business of the crypto exchange, what is it about?announced in a listing application to the US Securities and Exchange Commission (SEC).

Cryptocurrency exchange Coinbase believes thatidentifying Satoshi Nakamoto and moving his cryptocurrency can be a threat to doing business, as it will lead to a drop in the value of digital coins. The company mentioned this in an application for listing, which it sent to the US Securities and Exchange Commission (SEC). In total, Satoshi Nakamoto is mentioned three times in the document. He is credited as the main creator of the first system of global decentralized digital money and the author of the white paper "Bitcoin: Peer-to-Peer Electronic Cash System" ("Bitcoin: electronic financial system").

Formerly crypto researcher Sergio Dermein LernerI learned that Satoshi Nakamoto mined about 1.1 million bitcoins in 2010, which in terms of the current exchange rate is more than $ 50 billion.The movement of these coins was recorded after bitcoin reached a local maximum of $ 19.4 thousand in 2017. But there is no direct evidence that this led to the collapse of quotations.

On February 24th, a large bitcoin holder transferred toother addresses of 100 coins that have been in his wallet without movement since June 2010. Over 11 years, the value of digital coins has grown 622.5 thousand times and reached $ 5 million.

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