Tag Archives: Satoshi Nakamoto

Bitcoin worth roughly $500,000 was moved to one of Bitfinex’s hot wallets a couple of days back.This might seem like nothing but an ordinary transaction if it wasn’t for the fact that the BTC in question was mined back in May 2010, and it hasn’t been touched since. At the time, Satoshi Nakamoto, Bitcoin’s pseudonymous creator, was still active.50 BTC From Satoshi’s Time on the MoveAn exciting transaction took place a couple of days ago. On October 1st, 2020, someone sent 50 BTC, currently...

When it comes to the question of mainstream or enterprise adoption of blockchain technology and Bitcoin, much of the discussion tends to focus on barriers such as scalability. However, a valid concern for any organization considering the use of blockchain in transaction processing is that of finality.You could think of a Bitcoin transaction like the process of a fly becoming trapped in resin. When the transaction is processed, the fly is embedded in the resin. However, the overall process is...

One of the most popular supporters of Craig Wright has started filming a documentary aiming to prove that Wright is indeed the creator of Bitcoin.At the same time, Wright said in a recent interview that BTC HODLers are not using the asset properly as he envisioned, and he has returned to “make things right.”An Upcoming Movie Regarding Bitcoin’s “Creator”Calvin Ayre, the founder of Ayre Group, has been a long-time supporter of Craig Wright and Bitcoin Satoshi Vision (BitcoinSV). Despite...

Lawyers for the estate of Dave Kleiman claim Craig Wright and his ex-wife, Lynn Wright, again attempted to defraud the courts by lying about Ms. Wright’s role in her ex-husband’s former firm, W&K Info Defense Research.Craig Wright Contradicts Courts Again?Craig Wright’s counsel had built part of a legal argument on the claim that Ms. Wright was a part-owner of W&K, and that her involvement denied him the chance of a fair trial.However, on July 16, Lynn Wright separately filed a...

Satoshi Nakamoto  — the pseudonymous Bitcoin (BTC) creator — may have mined over 1.1 million bitcoins if the details from a recent report are to be believed. Early Bitcoin miners like Satoshi were able to use CPUs to secure the network during the project’s infancy.The $10.9B Satoshi StashAccording to a report by Whale Alert published on Monday, an in-depth examination of the “Patoshi pattern” puts the Bitcoin creator’s horde at 1,125,150 BTC instead of the more conservative 600k-700k BTC...

Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto, says Bitcoin is not and was never intended to be, censorship-resistant.According to Wright, who wrote in a blog post from July 10 titled What is Censorship Resistance, the common assumption that Bitcoin holders are protected from economic censorship is nothing but a myth.And the scary thing is, Wright might be right.Craig Wright: No Censorship Resistance on BitcoinWright’s latest blog post drew analogies between Bitcoin...

In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things.According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession.Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’The second to last talk of Real Vision’s exclusive ‘The Crypto Gathering Webinar’ saw Bitcoin and crypto exchange Kraken’s CEO Jesse Powell talk about a lot of insightful stuff.However, things took an...

Court documents reveal the self-proclaimed creator of Bitcoin, Craig Wright, may have subjected himself to a suicide attempt in May 2016.That’s according to the deposition of Bitcoin developer Gavin Andresen, who recounted the story during the ongoing trial between Craig Wright and the estate of Dave Kleiman.Context: Craig Wright’s Failed Attempt to Move Satoshi’s BitcoinCraig Wright promised to move coins from Bitcoin’s ninth block in 2016 – something only Satoshi could so.In a deposition...

The man who claims to be Satoshi Nakamoto, Craig Wright, took to his blog this week to warn Bitcoin and cryptocurrency developers that “his” invention is not for communists.Wright bemoaned the current trend in the cryptocurrency space, which sees many coins launch with built-in developers funds or pre-mines. According to Wright, this is tantamount to a communist takeover, and simply places all of the risks on the purchaser of such coins – not the development teams themselves.Craig Wright: Dev...

The mystery surrounding Satoshi Nakamoto, the pseudonymous creator of the world’s number one digital currency by market cap (bitcoin), has just gotten a whole lot weirder.What Did Nakamoto Do Before BTC?The latest prediction surrounding Nakamoto’s identity suggests that the infamous bitcoin developer potentially had ties to some very shady individuals. Escobar Inc. – a company associated with Pablo Escobar, a Latin American drug lord – is claiming that Nakamoto may have done some work for the...