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Elon Musk clarifies that he is not Satoshi Nakamoto

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Elon Musk, the founder of Tesla, Paypal, Solar city and Space X has been one of most successful entrepreneurs on this century clarifies that he is not Bitcoin’s founder Satoshi Nakamoto

Identity of Bitcoin’s Founder Satoshi Nakamoto has been a mystery, people don’t know who he is, we don’t even know if it is a real name or not and that’s why lot of people has been accused as Satoshi Nakamoto. Latest person to face that is Elon Musk, Musk’s clarification came in response to a blog post coursing through digital-currency sites that suggested the PayPal co-founder and Tesla Inc. chief executive officer himself is probably the bitcoin originator who used the alias Nakamoto.

Musk said “I’m not Satoshi Nakamoto” , In response to the rumors he tweeted

Bitcoin’s popularity is increasing by the time, few days ago a post was made on Medium.com mentioning that there are chances that Elon Musk, Founder of Tesla is actually the Founder of Bitcoin as well and used the name of Satoshi Nakamoto to hide his identity, but when Musk heard about this he instantly came to twitter to clarify any rumors regarding this issue, he clearly mentioned that he is not Satoshi Nakamoto, he mentioned further that one of his friends definitely sent him few BTC’s years ago but he don’t even know where are those Bitcoins.

So the mystery of Satoshi Nakamoto’s identity still remains undisclosed as no one has been able to gather any information about him, let’s see who’s next to be alleged as Satoshi Nakamoto.

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Crypto Roundup

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Is Toronto Next to Accept Bitcoin for Property Taxes?

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Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.

Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.

Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.

Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned


“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”



“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.” 


He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”

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Morning Crypto Roundup

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  1. Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
  2. Bitcoin stays above $10,000
  3. Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
  4. After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
  5. According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share

 

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