Coinbase on Thursday released documents for its public debut on the Nasdaq stock exchange via a direct listing. In the filing, the digital trading platform cited as a risk factor Bitcoin’s creator, Satoshi Nakamoto — the pseudonym used by the person or group of people who created bitcoin. From a report: If the identity of the creator was revealed, it could cause bitcoin prices to deteriorate, according to the filing. The filing also referenced Nakamoto’s personal stash of bitcoins, which totals over 1 million. As of February, one bitcoin was worth about $50,000. Nakamoto could negatively affect Coinbase, the company said, and destabilize the entire crypto market if the creator decided to transfer his bitcoins, which are valued at over $30 billion.
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https://slashdot.org/story/21/02/25/2210252/coinbase-says-entire-crypto-market-could-destabilize-if-bitcoins-creator-is-ever-revealed-or-sells-their-30-billion-stake?utm_source=rss1.0mainlinkanon&utm_medium=feed