Australian Police Raid Home & Office of Reported Bitcoin Creator Craig Wright

Australian police have raided the Sydney home and office of Craig Steven Wright, the man alleged to be bitcoin’s inventor as the anonymous Satoshi Nakamoto. Australian Federal police in Sydney have raided the home and office of Craig Wright who is identified as the creator of bitcoin. According to The Guardian, more than 10 police personnel arrived in Gordon, a Sydney suburb to raid a home belonging to Craig Wright.  The raid was conducted not long after WIRED and Gizmodo revealed investigations leading the publications to believe they may have discovered bitcoin’s creator. The Guardian reports two police staff among […]

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Bitcoin Soars past $400; the Satoshi Search Effect?

The price of Bitcoin saw plenty of upward activity late last night UTC, with a surge that saw a $20 leap in the minutes leading up to midnight. The Bitstamp Price Index scaled a new high since $500 figure struck on November 4th to ring in a figure of $422.88. At the time of publishing, Bitcoin price stood at $421.50. The price swell started with Bitcoin trading at $395.15  at 11:08 PM UTC before seeing a spike of over $21 to scale $416.23 at 11: 57 PM UTC. The most comprehensive movement came between 11: 15 PM UTC and 11: 34 […]

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Reports: An Australian Entrepreneur Might Be Satoshi Nakamoto

If newly revealing reports from online publications Wired and Gizmodo are to be believed, a 44-year old Australian entrepreneur called Craig Wright may be Satoshi Nakamoto, the pseudonymous inventor of the cryptocurrency Bitcoin. Following an investigation, WIRED claims that that it has “obtained the strongest evidence yet of Satoshi Nakamoto’s true identity.” Unsurprisingly, the report that Craig Steven Wright, a 44-year old Australian entrepreneur may be Satoshi Nakamoto has garnered plenty of interest soon after publishing. WIRED, for its part, notes with a disclaimer about the report’s outcome with two possibilities. One, Wright really did invent bitcoin and is Satoshi Nakamoto or alternatively […]

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Singapore Crypto Platform BitX Receives Additional Funding

BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert’s Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions BitX provides mobile wallets, institutional quality exchanges and APIs for business integrations. The company claims it provides less expensive and faster transactions, online buying, trading and storing […]

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Bitcoin Price Heading Due East

Bitcoin price has traded sideways for three days and according to the bitcoin chart's average true range, a tipping point is in sight. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: No substantial change from yesterday, and the 1hr chart continues conforming to the indicator and MA conditions at the previous juncture circled in the chart. One concern is […]

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German Finance Suits Don't See a Big Future for Bitcoin

A representative survey covering a hundred CEOs and board members of financial companies in Germany has shown that financial executives aren’t enthused by bitcoin. In a survey conducted by the German Association for Information Technology, Telecommunications and New Media or Bitkom -- a German trade association and think tank – 95% of those surveyed see digital currencies including Bitcoin will remain in the niche over the next decade. Furthermore, 2% of the finance executives believe that the cryptocurrency will be an accepted mode of payment, in tandem with existing payment methods. The remaining 3% believe that bitcoin will be completely […]

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Silk Road Agent Shaun Bridges Gets 71 Months in Prison

Shaun Bridges, a former Secret Service agent who stole more than $800,000 worth of bitcoins during the investigation into darknet marketplace Silk Road, has been sentenced to 71 months in prison. In June, Bridges pleaded guilty to siphoning off the bitcoins from Silk Road before moving them an account on Mt. Gox. At the sentencing in San Francisco, U.S. District Judge Richard Seeborg called the theft “an extremely serious crime consisting of the betrayal of public trust from a public official” and concluded that “a high-end sentence” was warranted, according to Ars Technica. Prosecutors had sought a “high-end Guidelines' sentence […]

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