We’ve been down this path before, but it’s looking increasingly likely that this may in fact be the last time. After a big mistake turned Dorian Nakamoto’s life upside down in 2014 when Newsweek unmasked the wrong man, the true Satoshi Nakamoto has seemingly come forward in a blog post and a coordinated reveal with several news agencies. Australian Craig Wright claims to be the inventor of popular cryptocurrency Bitcoin, and he apparently has provided technical evidence to back up his claim by providing keys tied to coins that are widely known to be in the possession of Bitcoin’s inventor. More →
Bitcoin creator revealed to be Australian genius Craig Wright; subsequently has house raided by police
Either [Craig Steven] Wright invented bitcoin, or he’s a brilliant hoaxer who very badly wants us to believe he did: so states an absolutely fascinating Wired article which purports to reveal the true identity of the man who created Bitcoin, the popular and at times misunderstood digital currency.
Ever since Bitcoin jumped into the mainstream vernacular, there have been no shortage of longstanding and still unanswered questions surrounding its origins. Back in 2014, Newsweek claimed to have located Bitcoin’s inventor, a California man named Satoshi Nakamoto. While the report certainly generated a lot of press, Newsweek’s evidence was rather thin. Not helping matters was that the man identified by the publication didn’t seem to possess the requisite skills that one would need to get something like Bitcoin up off the ground.
Just days after the hacker group Anonymous pledged to hunt down Islamic State members and launch cyberattacks against their accounts, a separate group of techies claims it has identified a key funding avenue for the terror network – bitcoin accounts.
Ghost Security Group, a collective of computer “hacktivists,” says it has located several bitcoin accounts that ISIS uses to fund operations. One account contained $3 million worth of bitcoin, a GhostSec member told Michael K. Smith II, a co-founder of Kronos Advisory, a national security advisory firm.
GhostSec “wants to make an impact in counterterrorism,” Smith said, adding that the GhostSec member reached out to him because government officials were not paying close attention to the allegations. More →
Remember how Futurama thought it was being completely over the top when it introduced us to Bender, the alcoholic robot? Well that’s nothing: An actual robot in Switzerland has been busted for buying E. More →
Renowned cryptographer Hal Finney, known for his work on PGP encryption software and on early Bitcoin development, has passed away on Thursday following a five-year battle with ALS – a terrible disease that’s currently enjoying a viral funding campaign thanks to the “Ice Bucket Challenge” meme – but the programmer hoped that one day technology will heal him. According to Wired, Finney has become an early adopter of a kind of tech that’s only seen in movies, human cryopreservation. More →
Hackers, beware: Choosing the wrong victim can have severe consequences. And Roger Ver, also referred to as “The Bitcoin Jesus,” is the wrong victim.
Last week, a hacker called “Nitrous” contacted Ver to inform him that his Hotmail account had been compromised. By breaching the account, the hacker was able to obtain Ver’s Social Security number, his passport number, his mother’s Social Security number and other sensitive information.
As Wired reported, this would end up being one of the biggest mistakes Nitrous has ever made. More →
Not long ago it was discovered that a couple of Google Play Store Android applications that were downloaded anywhere from one million to five million times had malicious code that covertly turned Android devices into silent Bitcoin miners. The malware managed to bypass Google’s Play Store security, but they were not the only ones to include digital currency mining capabilities. A new report from security firm Lookout reveals that at least five other applications from Google’s app store can also turn Android smartphones and tablets into miners. More →
Sorry, Bitcoin fans: You’re never, ever, ever getting all your precious pieces of cryptocurrency back from Mt. Gox. The Wall Street Journal reports that Mt. Gox, the one-time Magic Card trading website that transformed itself into the world’s largest Bitcoin exchange before it collapsed earlier this year, has filed for liquidation. More →
Last week, Bitcoin’s value tumbled 9% in one day on news that China’s central bank had ordered banks and payment companies to close trading accounts belonging to more than 10 exchanges. Since then, Bitcoin has crashed by nearly another 10%, now hovering around $480. It’s a steep decline from the feverish highs above $1,100 last November. More →
Imagine how much easier life might have been for Breaking Bad’s Walter White if he could have laundered his meth money through Bitcoin instead of setting up a carwash as a cover business? Wired reports that attorney Joshua Dratel, who is representing the alleged founder of online drug den Silk Road, is arguing that his client couldn’t be guilty of money laundering because all of his alleged transgressions were done with Bitcoin, which the Internal Revenue Service recently said was not a currency. More →