In her story, Goodman described a scene outside the home of Dorian S. Nakamoto, the man purported to be the founder of Bitcoin, the crypto-currency. Nakamoto had called the police after Goodman came to his door, and the officers were there when he supposedly uttered this key quote: "I am no … Read more
The ongoing bitstorm over Newsweek's claimed outing of mysterious Bitcoin godfather Satoshi Nakamoto, which was later rebuked by the subject of that report, is beginning to resemble a mashup of a futuristic manga thriller and an Andy Kaufman prank. The latest chapter in the crypto-currency commedia dell'arte seems to have the "real" Satoshi Nakamoto behind Bitcoin breaking a years-long silence to also dispute the Newsweek report.… Read more
The popular virtual currency Bitcoin isn't actually a currency, according to the Japanese government.
The country's cabinet approved an official document on Thursday that stated, "Bitcoin isn't a currency" and therefore won't be regulated as such, according to The Wall Street Journal. Additionally, commercial banks are forbidden from providing the digital currency to customers.
The main rub for the Japanese government is that Bitcoin isn't regulated by any official body. And, it's unclear which ministry would provide oversight of the cryptocurrency and how that ministry would go about putting regulations in place.… Read more
The magazine's cover story, written by reporter Leah McGrath Goodman and published on Thursday, begins with a confrontation in front of Nakamoto's house between the journalist and Nakamoto, as two police officers from the Temple City Sheriff's Department stand by. The story claims one of the officers said, "This is the guy who created Bitcoin? It looks like he's living a pretty humble life." … Read more
Dorian Satoshi Nakamoto, the 64-year-old Temple City, Calif., resident Newsweek claimed is the likely creator of Bitcoin in a prominent cover story published Thursday, denied ever having been involved with the cryptocurrency in an interview with the Associated Press later that same day.
In a startling turn to what has already been a remarkably strange series of events, Nakamoto is flatly refuting Newsweek's claims, though admitted that many of the story's revelations about his personal life were indeed true.
More notably, Nakamoto added that he had never heard of Bitcoin until three weeks ago when his son told … Read more
Leaked from today's 404 episode:
- A man actually named Satoshi Nakamoto is most likely the founder of Bitcoin.
- Up Coffee is Jawbone's solution for America's caffein addiction.
- This couple broadcasts all their fights on Twitter.
Bitcoin founder Satoshi Nakamoto might have been discovered, despite his best efforts to maintain anonymity over the last several years.
Newsweek reported Thursday that it spent considerable time tracking down the father of Bitcoin, only to discover that he might be living in Temple City, Calif. It took a winding road to reach a 64-year-old man named Satoshi Nakamoto who not only had no desire to speak with Newsweek, but called the police on its reporter. When the police arrived, Nakamoto -- who Newsweek had been contacting and trying to track down for weeks -- finally had something to say.… Read more
Autumn Radtke, the young CEO of a small Bitcoin exchange, was found dead last week in her home in Singapore. The circumstances or her death are still unknown.
Radtke, 28, joined First Meta as CEO in the beginning of January 2012 to help build a "next generation" exchange for virtual currency. The company posted a statement on its Web site regarding Radtke's death.
"The First Meta team is shocked and saddened by the tragic loss of our friend and CEO Autumn Radtke," the statement reads. "Our deepest condolences go out to her family, friends … Read more
It's in the best interest for the US to put a ban on dollar bills, US Congressman Jared Polis wrote in a letter to federal regulators on Wednesday. This anonymous currency is unregulated, susceptible to instability, illicit activity, and forgery, he said.
Granted, Polis (D-Colo.) was being tongue-in-cheek, but his letter brought up relevant issues in regards to the backlash against Bitcoin, which has seen a major fall from grace over the past few weeks.
Last month, Sen. Joe Manchin (D-W.Va.) called for an outright ban of Bitcoin in a letter sent to the Treasury Department and other … Read more
Bitcoin is going through a bit of a rough patch. Just over a week after Bitcoin exchange Mt. Gox filed for bankruptcy, Bitcoin bank Flexcoin shut down after hackers stole all of its digital currency.
Hackers stole 896 bitcoins -- worth more than $580,000 based on Bitcoin's current trading value -- in an attack on Sunday, according to a note posted on the Canadian bank's site. Flexcoin decided to close its doors, saying it did not have "the resources, assets, or otherwise to come back from this loss."
Flexcoin offered more details on exactly how … Read more