Investment Learning

  • October 3, 2024

HBO Documentary Explores Bitcoin Creator's Identity

According to Cointelegraph, documentary filmmaker Cullen Hoback and HBO have announced the debut of their upcoming film “Money Electric: The Bitcoin Mystery,” which hints at potentially revealing the true identity of Bitcoin creator Satoshi Nakamoto.Cullen Hoback, known for his HBO miniseries “Q: Into the Storm,” where he claimed to have identified several authors of the QAnon conspiracy theory, has now turned his investigative efforts towards the origins of Bitcoin (BTC). In this latest project, Hoback attempts to uncover the true identity of the engineer known as “Satoshi Nakamoto,” credited with inventing Bitcoin and its underlying technology.Hoback has teased the documentary, stating, “A few of you might have wondered why I disappeared. Well, I was tracking down someone else who disappeared. Curious who's behind Bitcoin? MoneyElectric: The Bitcoin Mystery drops next Tuesday. It's going to be a rollercoaster.” However, he stopped short of declaring that he had definitively determined Nakamoto’s identity, instead suggesting that the film would be an exciting journey.While Hoback and HBO imply that a revelation might occur, the film’s official trailer and Hoback’s statements do not explicitly confirm that an individual has been identified. The possibility remains open that Nakamoto could be an individual, a group of people, or someone previously overlooked by investigations.The mystery surrounding Bitcoin’s creator has intrigued the cryptocurrency community since Nakamoto went dormant in December 2010. Over the years, several candidates have been considered, and as Cointelegraph recently reported, even the FBI has not confirmed or denied whether it possesses information on Nakamoto’s identity. At one point, computer scientist Craig Wright claimed to be Satoshi Nakamoto but later rescinded his claims in sworn statements.“MoneyElectric: The Bitcoin Mystery” is set to air on HBO on Oct. 8. While the rumored revelation of Nakamoto’s identity might be speculative, if Hoback has indeed managed to uncover the truth, the implications could have significant impacts on the financial world.

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  • October 3, 2024

Utilities, oil, jobs report: Market takeaways

All three of the major indexes (^DJI,^GSPC, ^IXIC) closed lower on Thursday. It comes ahead of the key September jobs report, which will give investors new insights into the health of the economy.  One sector that has been doing well, though, is utilities (XLU). Yahoo Finance Senior Reporter Alexandra Canal explains why in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Stephanie Mikulich.

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  • October 3, 2024

The Dollar Stages a Small Comeback

Evidence of U.S. economic strength is buoying the currency after it was hit by recession fears in recent months. Upbeat economic data has led traders to pare back expectations for rate cuts by the Federal Reserve. Higher rates typically support a currency by making it more attractive to yield-seeking investors.

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  • October 3, 2024

U.S. Initial Jobless Claims Slightly Higher Than Expected

According to Odaily, the number of initial jobless claims in the United States for the week ending September 28 reached 225,000, slightly above the expected 220,000. The previous week's figure was revised from 218,000 to 219,000.The four-week moving average of initial jobless claims for the same period was 224,250, a slight decrease from the previous week's revised average of 225,000, which was initially reported as 224,750.Continuing jobless claims for the week ending September 21 stood at 1.826 million, lower than the anticipated 1.832 million. The previous week's figure was revised down from 1.834 million to 1.827 million.

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