From Tech Trends to Crypto Triumphs: Bitcoin’s Big Week

1ATH.Studio
3 min readFeb 9, 2024

Join us in this week’s journey through the tech and crypto realms, highlighted by Bitcoin’s bullish sprint from 42K to 47K.

Craig Wright Admits to Forging Documents in Satoshi Nakamoto Claim

The mystery of Bitcoin’s creator intensifies as Craig Wright, the Australian computer scientist who claimed to be Satoshi Nakamoto, confesses to forging documents supporting his claim.

This shocking admission surfaced amidst Wright’s legal tussle with the Cryptocurrency Open Patent Alliance (COPA), throwing his credibility into question and potentially influencing Bitcoin’s path forward.

Elon Musk Ditches Traditional Communication for X

In a move that’s sending shockwaves through the tech and communication sectors, Elon Musk, the visionary billionaire, has declared an end to his use of conventional phone services. In an electrifying tweet, Musk announced that in just a few months, he’ll be cutting ties with his phone number, embracing X as his sole platform for texts, audio, and video calls.

Binance Assures User Data Integrity Amidst Dark Web Speculations

Binance’s security team has conducted a comprehensive assessment and determined that there is no leak in the Binance system, providing reassurance that user accounts remain secure.

Previously, there were suspicions raised by @otteroooo regarding the potential sale of Binance user KYC data on the dark web and its connection to GitHub hackers.

Donald Trump Calls CBDCs and Artificial Intelligence ‘Dangerous’

In an interview with Fox Business, Donald Trump, the Republican front-runner, voiced his apprehensions about artificial intelligence, branding it ‘dangerous and scary’ due to the rising threat of deepfake technology. Trump also continued his critique of Central Bank Digital Currencies (CBDCs), describing them as ‘very dangerous.’ He expressed doubts about the safety of AI, stating that it might be the most perilous issue with no straightforward solution. Trump also declined to replace Jay Powell as the Federal Reserve chair, citing political motives.

Solana Network Hits Snag with Major Outage

The Solana network encountered a significant hiccup on Feb. 6, plunging into a major outage that brought block production to a standstill. Engineers and validators responded in high gear, delving into the root cause of the disruption affecting the mainnet beta.

This outage lasted for over 5 hours, prompting criticisms from Top crypto influencers including Cardano Founder. Charles Hoskinson

Dymension Goes Live, Airdrops $390 Million in DYM to Solana, Ethereum Users and More

Dymension’s highly anticipated mainnet launch saw a staggering $390 million worth of DYM tokens airdropped to users on Solana, Ethereum scaling networks, and specific communities like Pudgy Penguins NFT holders.

The surge in DYM’s value by 58% post-launch reflects the enthusiasm of over half a million participating wallets, marking it as one of the largest token airdrops of 2024.

Bitcoin Soars to New Heights, Breaching $47,000

On Friday, Bitcoin shattered expectations, soaring past the $47,000 threshold to hit a new monthly peak. The dominant digital currency is basking in robust bullish momentum, setting the stage for what could be a remarkable rally this weekend.

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