Back in November, the Bitcoin community was electrified when at 194,993 BTC transaction was identified on the blockchain, representing about $147 million at the time. Since that time, speculation about what the shift was and why it happened has been rampant, with theories ranging from Richard Branson consolidating his newly revealed wallet to a return…
Yesterday, hackers gained access to the personal blog of Mt.Gox CEO Mark Karpeles (currently offline), using the space to release over 700 MB of data that appeared to come from the now-shuttered exchange’s internal database. The contents looked damning, hinting that Mt.Gox either had (or at least thought they had) nearly a million BTC in…
Last week, Newsweek declared Temple City, California, engineer Dorian Satoshi Nakamoto to be the mysterious creator of Bitcoin, Satoshi Nakamoto. This launched a media firestorm, and unleashed a swarm of investigation from the world media and armchair detectives across the internet. The more details came in, the worse it looked for writer Leah McGrath Goodman’s…
On Thursday, Wikipedia and Wikia founder Jimmy Wales posted a tweet that he was “Playing with BTC” and had bought 0.1 BTC (around $65) via Coinbase. He also posted the address of the account so his Twitter friends could follow along. Wikipedia does not currently accept Bitcoin for donations, but with Wales tinkering with the…
Within moments of Newsweek claiming to have identified mysterious, possibly pseudononymous Bitcoin creator Satoshi Nakamoto as retired Temple City, California, engineer Dorian S. Nakamoto, many in the Bitcoin community immediately began crying foul. A modest man living a quiet existence with his 93-year-old mother suddenly had his life turned into a media circus, all on…
Last month, eBay CEO John Donahoe set the virtual currency world abuzz when he mentioned in a discussion about Bitcoin on Bloomberg TV that the company’s PayPal branch was “building a digital wallet that can take multiple types of currency.” Today, finance writer Brian Cohen uncovered details about eBay’s wallet, outlining the details of a…
Speaking at SXSW yesterday, Google’s Director of Ideas, Jared Cohen, claimed that Bitcoin-like payment system are clearly not going away. “I think it’s very obvious to all of us that cryptocurrencies are inevitable,” Cohen said. “There’s lots of value to it, [but] there’s a danger to it not being regulated.” While Cohen does believe that…
As Mt.Gox was falling apart, the “Two-Bit Idiot” blog on Tumblr was one of the rare sources of well-sourced, reliable information. Written by self-professed “entrepreneur and former VC” Ryan Selkis (who also writes under the name Ryan Galt), the blog was the first to leak the damning internal memos that all but proved Mt.Gox was…
In a dramatic new survey by Viacom’s brand research division Scratch, the mid-20s generation known as “millennials” have made their views about banks and the banking industry unambiguously clear: They don’t like banks. Period. The three-year study of 10,000 millennials, the “Millennial Disruption Index,” showed a general sense of skepticism and hostility towards banks. According…
In a recent conference at the University of Nicosia in Cyprus, university CFO Dr. Christos Vlachos gave a presentation about Bitcoin to the Cypriot government and Cyprus Stock Exchange. The highlight of the presentation was a formal proposal to the government for “Converting Cyprus into a worldwide hub for Bitcoin trading and processing.” According to…