THE TELEGRAPH: True identity of ‘Satoshi Nakamoto’ claimed to be little-known Canadian software developer
A documentary has claimed to have unmasked the mysterious creator of the cryptocurrency Bitcoin as a little-known Canadian software developer.
A planned broadcast on HBO – Money Electric: The Bitcoin Mystery – will suggest that Peter Todd, who was involved in early discussions around the development of Bitcoin, was its pseudonymous creator, Satoshi Nakamoto.
The true identity of Nakamoto, who invented the cryptocurrency, has remained a mystery for over 15 years.
Nakamoto interacted with other digital currency enthusiasts via email chains and online forums, before sending a final message in 2011 and vanishing entirely. » | Matthew Field, Senior Technology Reporter | Wednesday, October 9, 2024
Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts
Wednesday, October 09, 2024
Monday, August 05, 2024
Shares in New York and London Tumble On Fears of US Recession
THE GUARDIAN: FTSE 100 on track for its lowest close since April and Japan’s Nikkei suffers biggest fall since crash of 1987
Shares on Wall Street and in London have fallen heavily amid a global stock market rout triggered by fears of a recession in the US.
The tech-focused Nasdaq index dropped by 6% as trading in New York opened on Monday, while the broader S&P 500 index fell by 4.2% in a sell-off triggered by weak US jobs data. The Dow Jones industrial average lost more than 1,100 points, a 2.8% decline.
Japan’s benchmark stock index, the Nikkei 225, suffered its biggest decline for nearly four decades. It was down by 12%, the biggest single-day fall since the Black Monday crash of 1987. Other stock indices around the world were lower as investors dumped riskier assets. South Korea’s Kospi fell by 9%, Germany’s Dax was down 2%, and share indices in Australia, Hong Kong and China also fell heavily. » | Jasper Jolly and Graeme Wearden | Monday, August 5, 2024
Advice: When the Stock Market Drops, Stay Calm and Do Nothing: There is no reason to think that you can predict what will happen in the markets in the next few hours or in the near future. It’s better not to try. »
Bitcoin and other cryptocurrencies plunge, mirroring global markets.: The precipitous falls show that digital currencies remain vulnerable to the same broader economic forces that affect technology stocks and risky investments. »
Shares on Wall Street and in London have fallen heavily amid a global stock market rout triggered by fears of a recession in the US.
The tech-focused Nasdaq index dropped by 6% as trading in New York opened on Monday, while the broader S&P 500 index fell by 4.2% in a sell-off triggered by weak US jobs data. The Dow Jones industrial average lost more than 1,100 points, a 2.8% decline.
Japan’s benchmark stock index, the Nikkei 225, suffered its biggest decline for nearly four decades. It was down by 12%, the biggest single-day fall since the Black Monday crash of 1987. Other stock indices around the world were lower as investors dumped riskier assets. South Korea’s Kospi fell by 9%, Germany’s Dax was down 2%, and share indices in Australia, Hong Kong and China also fell heavily. » | Jasper Jolly and Graeme Wearden | Monday, August 5, 2024
Advice: When the Stock Market Drops, Stay Calm and Do Nothing: There is no reason to think that you can predict what will happen in the markets in the next few hours or in the near future. It’s better not to try. »
Bitcoin and other cryptocurrencies plunge, mirroring global markets.: The precipitous falls show that digital currencies remain vulnerable to the same broader economic forces that affect technology stocks and risky investments. »
Thursday, January 11, 2024
US to Allow Bitcoin to Be Part of Mainstream Investing Funds | BBC News
Friday, October 06, 2023
FTX Co-Founder Wang Testifies He, SBF Committed Giant Fraud
Thursday, October 05, 2023
Historic Financial Fraud Trial Begins: Who Is Sam Bankman-Fried? | Amanpour & Company
Sam Bankman-Fried’s ‘young, eccentric billionaire’ shtick was just another part of the grift: As with Elizabeth Holmes and Billy McFarland, the story seemed too good to be true – because it was »
Prosecutor Opens Trial for FTX Founder Sam Bankman-Fried Saying He Stole At Least $10 billion | News
Tuesday, October 03, 2023
Sam Bankman-Fried's Fraud Trial Begins Today - Here's What It Means for the Future of Crypto
Oct 3, 2023 | This week, Sam Bankman-Fried, known as SBF, will stand trial in what federal prosecutors have called one of the biggest frauds in US history.
The 31-year-old former crypto superstar has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. If convicted and sentenced to the maximum punishment, he could spend the rest of his life in prison.
Forbes’ Director of Research for Digital Assets Steven Erich sat down with reporter Rosemarie Miller to talk about what SBF has been charged with, how big the fraud was and what it means for the future of cryptocurrency.
The 31-year-old former crypto superstar has pleaded not guilty to seven counts of fraud and conspiracy in connection with the collapse of FTX, his crypto-trading platform. If convicted and sentenced to the maximum punishment, he could spend the rest of his life in prison.
Forbes’ Director of Research for Digital Assets Steven Erich sat down with reporter Rosemarie Miller to talk about what SBF has been charged with, how big the fraud was and what it means for the future of cryptocurrency.
Monday, October 02, 2023
Sam Bankman-Fried's Parents Aren't Out of Legal Peril Themselves: New Yorker's Sheelah Kolhatkar
Rise, Fall of Sam Bankman-Fried, FTX at Center of Michael Lewis' New Book | 60 Minutes
Crypto Goes on Trial, as Sam Bankman-Fried Faces His Reckoning: The FTX founder’s uphill court battle starts Tuesday, after he has come to symbolize everything that went wrong with the cryptocurrency industry. »
Related article here.
Le procès de Sam Bankman-Fried, le « Mozart des cryptomonnaies », et de la faillite de FTX s’ouvre à New York : Inculpé notamment de fraude et de blanchiment, celui qui était surnommé le « Mozart des cryptos » risque plus de cent ans de prison. Son procès doit s’ouvrir mardi. » [€]
Saturday, September 09, 2023
Mysterium Satoshi - Bitcoin wie alles begann | Doku HD Komplettfassung | ARTE
Feb 22, 2022 | Anfang 2009, inmitten der Finanzkrise, brachte "Satoshi Nakamoto" den Bitcoin in Umlauf. Er schuf damit die erste dezentrale und zuverlässige Kryptowährung - und ist seit 2011 komplett von der Bildfläche verschwunden. "Mysterium Satoshi" erzählt die spannende Entstehungsgeschichte von Bitcoin und der Blockchain-Technologie aus Sicht seines geheimnisvollen Schöpfers.
Wie im Abspann angegeben ist Satoshis Monolog weitgehend erfunden. Er ist « frei inspiriert von der gleichnamigen Figur ». ...
Wie im Abspann angegeben ist Satoshis Monolog weitgehend erfunden. Er ist « frei inspiriert von der gleichnamigen Figur ». ...
Tuesday, April 25, 2023
Monday, April 17, 2023
Tuesday, January 17, 2023
Der Bitcoin steigt über die 20 000-Dollar-Marke. Ist der Krypto-Winter damit schon wieder vorbei?
NEUE ZÜRCHER ZEITUNG: Die bekannteste Krypto-Währung Bitcoin hat am Wochenende bisweilen mehr als 21 000 Dollar gekostet. Anleger fragen sich nun, ob die Branche den Untergang der Krypto-Börse FTX bereits verdaut hat.
Der Kollaps von FTX letzten November kam einem Erdbeben in der Krypto-Welt gleich. Hinzu kamen die steil steigenden Zinsen. Diese beiden Faktoren führten dazu, dass die Kurse vieler Krypto-Währungen markant fielen. Allen voran der Bitcoin-Kurs. Der Wert der gemessen an der Marktkapitalisierung wertvollsten Digitalwährung brach seit letztem April von rund 46 000 Dollar auf 16 000 Dollar ein. Am Wochenende hat der Bitcoin die 20 000-Dollar-Marke aber wieder überschritten. » | Isabelle Wachter | Montag, 16. Januar 2023
Der Kollaps von FTX letzten November kam einem Erdbeben in der Krypto-Welt gleich. Hinzu kamen die steil steigenden Zinsen. Diese beiden Faktoren führten dazu, dass die Kurse vieler Krypto-Währungen markant fielen. Allen voran der Bitcoin-Kurs. Der Wert der gemessen an der Marktkapitalisierung wertvollsten Digitalwährung brach seit letztem April von rund 46 000 Dollar auf 16 000 Dollar ein. Am Wochenende hat der Bitcoin die 20 000-Dollar-Marke aber wieder überschritten. » | Isabelle Wachter | Montag, 16. Januar 2023
Tuesday, July 05, 2022
A Poor Country Made Bitcoin a National Currency. The Bet Isn’t Paying Off.
THE NEW YORK TIMES: It brought El Salvador’s president, Nayib Bukele, the adulation of the tech community, but reduced scarce funds and moved the nation closer to default.
President Nayib Bukele of El Salvador at an event in June to mark his third year in office.Credit...Jose Cabezas/Reuters
Bitcoin was meant to transform El Salvador’s economy, catapulting the poor Central American nation into an unlikely harbinger of a financial revolution.
But nearly a year after the country’s president, Nayib Bukele, shocked the financial world by making its most popular digital coin a national currency, his bet appears to be backfiring, highlighting the gap between the utopian promises of cryptocurrency’s proponents and economic realities.
The government’s bitcoin holdings have lost about 60 percent of their presumed value during the recent market plunge. The use of bitcoin among Salvadorans has collapsed and the country is running out of cash after Mr. Bukele failed to raise fresh funds from cryptocurrency investors. » | Anatoly Kurmanaev and Bryan Avelar | Tuesday, July 5, 2022
Bitcoin was meant to transform El Salvador’s economy, catapulting the poor Central American nation into an unlikely harbinger of a financial revolution.
But nearly a year after the country’s president, Nayib Bukele, shocked the financial world by making its most popular digital coin a national currency, his bet appears to be backfiring, highlighting the gap between the utopian promises of cryptocurrency’s proponents and economic realities.
The government’s bitcoin holdings have lost about 60 percent of their presumed value during the recent market plunge. The use of bitcoin among Salvadorans has collapsed and the country is running out of cash after Mr. Bukele failed to raise fresh funds from cryptocurrency investors. » | Anatoly Kurmanaev and Bryan Avelar | Tuesday, July 5, 2022
Thursday, June 30, 2022
Die Bitcoin-Millionäre | ARTE Re: Reupload
Jun 30, 2022 Traumhafte Gewinne, ohne staatliche Kontrollen – das verheißen Bitcoins und andere Internetwährungen. Ihre Anhänger glauben an eine finanzielle Revolution. Trotz extrem schwankender Kurse und Warnungen vor einer gefährlichen Blase investieren sie weltweit Milliarden in das digitale Geld. Mit zu hohem Risiko?
Der Holländer Didi Taihuttu (42) hat für Bitcoins und andere digitale Währungen sein Leben und das seiner Familie auf den Kopf gestellt. Noch vor wenigen Jahren besaß der Unternehmer ein Haus und drei Autos. 2017 verkaufte er alles und investierte sein Vermögen in digitale Währungen. Die kalte Jahreszeit verbringt die Familie nun in Thailand. Didis Vermögen hat sich in den vergangenen Jahren um ein Vielfaches vermehrt. Als der Bitcoin 2018 zwischenzeitlich einbrach, investierte er noch mehr in die Kryptowährung – und profierte auch davon. Der Kurs erholte sich schnell und in der Folge stieg er immer weiter. Aber die Bitcoin-Familie will langfristig Gewinn machen und pflegt deshalb einen minimalistischen Lebensstil. Brechen die Kurse ein, könnten Didi und seine Familie von heute auf morgen bankrott sein.
Auch Robert Küfner und Till Wendler glauben an eine Revolution des Finanzwesens durch digitale Währungen. Und sie wollen ganz vorn mit dabei sein. In der Krypto-Hochburg Berlin haben die beiden Bitcoin-Millionäre das Start-up Advanced Blockchain AG gegründet. Die Pioniere beraten Unternehmen, wie sie die Technologie hinter den Bitcoins – die so genannte Blockchain – künftig nutzen können. Eine dezentrale Datenverarbeitung, die niemand manipulieren kann – mit dieser Idee sollen Finanzmarkt und Industrie umgekrempelt werden. Investoren und namhafte Firmen stehen bereits vor der Tür. Doch noch fehlt es den Jungunternehmern an Mitarbeitern mit dem richtigen Know-how. Auf der Suche nach Programmierern reist Till Wendler in die Ukraine. Die Jungunternehmer stehen extrem unter Druck. Wer im Markt der neuen Krypto-Technologie mitspielen will, muss schnell sein.
Reportage (Deutschland 2018, 30 Min)
Video auf YouTube verfügbar bis 31/07/2022
Der Holländer Didi Taihuttu (42) hat für Bitcoins und andere digitale Währungen sein Leben und das seiner Familie auf den Kopf gestellt. Noch vor wenigen Jahren besaß der Unternehmer ein Haus und drei Autos. 2017 verkaufte er alles und investierte sein Vermögen in digitale Währungen. Die kalte Jahreszeit verbringt die Familie nun in Thailand. Didis Vermögen hat sich in den vergangenen Jahren um ein Vielfaches vermehrt. Als der Bitcoin 2018 zwischenzeitlich einbrach, investierte er noch mehr in die Kryptowährung – und profierte auch davon. Der Kurs erholte sich schnell und in der Folge stieg er immer weiter. Aber die Bitcoin-Familie will langfristig Gewinn machen und pflegt deshalb einen minimalistischen Lebensstil. Brechen die Kurse ein, könnten Didi und seine Familie von heute auf morgen bankrott sein.
Auch Robert Küfner und Till Wendler glauben an eine Revolution des Finanzwesens durch digitale Währungen. Und sie wollen ganz vorn mit dabei sein. In der Krypto-Hochburg Berlin haben die beiden Bitcoin-Millionäre das Start-up Advanced Blockchain AG gegründet. Die Pioniere beraten Unternehmen, wie sie die Technologie hinter den Bitcoins – die so genannte Blockchain – künftig nutzen können. Eine dezentrale Datenverarbeitung, die niemand manipulieren kann – mit dieser Idee sollen Finanzmarkt und Industrie umgekrempelt werden. Investoren und namhafte Firmen stehen bereits vor der Tür. Doch noch fehlt es den Jungunternehmern an Mitarbeitern mit dem richtigen Know-how. Auf der Suche nach Programmierern reist Till Wendler in die Ukraine. Die Jungunternehmer stehen extrem unter Druck. Wer im Markt der neuen Krypto-Technologie mitspielen will, muss schnell sein.
Reportage (Deutschland 2018, 30 Min)
Video auf YouTube verfügbar bis 31/07/2022
Wednesday, June 29, 2022
Crypto Crisis: How Digital Currencies Went from Boom to Collapse
THE GUARDIAN: Savers talk of devastating losses as assets such as bitcoin and ‘stablecoins’ like terra fell sharply
Falling bitcoin illustration: Guardian Design
Yuri Popovich had watched his neighbours’ houses burn down to the ground in Kyiv and he needed a safe place to put his money. So he did what millions of amateur investors have done in recent years: he turned to cryptocurrency.
“It was impossible and unsafe to store funds in the form of banknotes. There was a big risk of theft, we also had cases of looting. Therefore, I trusted a ‘stable and reliable’ cryptocurrency. Not for the purpose of speculating, but simply to save,” he says.
The digital asset that Popovich chose in April was terra, a “stablecoin” whose value was supposed to be pegged to the dollar.
It collapsed in May, sparking a rout in the cryptocurrency market whose victims include Popovich. He lost $10,000 (£8,200).
Popovich says his losses were “devastating”, although donations from sympathetic onlookers on social media have helped make up some of the shortfall. He says: “I stopped sleeping normally, lost 4kg, I often have headaches and anxiety.”
Popovich is one of many experiencing the deep chill of the current crypto winter, more than four years after the market’s cornerstone, bitcoin, marked the first digital freeze by tumbling from its then peak. » | Alex Hern and Dan Milmo | Wednesday, June 29, 2022
Yuri Popovich had watched his neighbours’ houses burn down to the ground in Kyiv and he needed a safe place to put his money. So he did what millions of amateur investors have done in recent years: he turned to cryptocurrency.
“It was impossible and unsafe to store funds in the form of banknotes. There was a big risk of theft, we also had cases of looting. Therefore, I trusted a ‘stable and reliable’ cryptocurrency. Not for the purpose of speculating, but simply to save,” he says.
The digital asset that Popovich chose in April was terra, a “stablecoin” whose value was supposed to be pegged to the dollar.
It collapsed in May, sparking a rout in the cryptocurrency market whose victims include Popovich. He lost $10,000 (£8,200).
Popovich says his losses were “devastating”, although donations from sympathetic onlookers on social media have helped make up some of the shortfall. He says: “I stopped sleeping normally, lost 4kg, I often have headaches and anxiety.”
Popovich is one of many experiencing the deep chill of the current crypto winter, more than four years after the market’s cornerstone, bitcoin, marked the first digital freeze by tumbling from its then peak. » | Alex Hern and Dan Milmo | Wednesday, June 29, 2022
Sunday, June 19, 2022
Crypto Panic as Digital Assets Follow Share Prices in a Downward Spiral
THE OBSERVER: Last week bitcoin fell 31% and Celsius put a hold on withdrawals – and some fear the turmoil is far from over
Investors used to buy bitcoin as a hedge against inflation, but it has proved to be vulnerable to the wider economic downturn. Photograph: Jakub Porzycki/NurPhoto/REX/Shutterstock
The cryptocurrency market could do with some respite but its convention-breaking nature means there is no hiatus. Trading in digital assets such as bitcoin and ethereum runs 24/7, unlike their conventional peers in equities on the New York and London stock exchanges, which at least get the weekend off.
So one torrid week tends to run into another for this most cutting-edge of markets. Bitcoin – the cryptocurrency cornerstone – fell below the key level of $20,000 on Saturday morning, meaning it has dropped 34% in the past seven days, according to CoinGecko, which showed that ethereum, the other pillar of the market, had fallen 40% to $994 in the same period. There are fears bitcoin’s fall will trigger more sell-offs, leading to another tumultuous seven days for digital assets.
The entire crypto market fell below $1 trillion last week, a precipitous decline from its peak of $3tn in November last year. A number of factors drove the declines – a mix of crypto-specific events and wider macroeconomic issues – and some of them will continue to hang over the market this week as well. » | Dan Milmo, Global technology editor | Sunday, June 19, 2022
The cryptocurrency market could do with some respite but its convention-breaking nature means there is no hiatus. Trading in digital assets such as bitcoin and ethereum runs 24/7, unlike their conventional peers in equities on the New York and London stock exchanges, which at least get the weekend off.
So one torrid week tends to run into another for this most cutting-edge of markets. Bitcoin – the cryptocurrency cornerstone – fell below the key level of $20,000 on Saturday morning, meaning it has dropped 34% in the past seven days, according to CoinGecko, which showed that ethereum, the other pillar of the market, had fallen 40% to $994 in the same period. There are fears bitcoin’s fall will trigger more sell-offs, leading to another tumultuous seven days for digital assets.
The entire crypto market fell below $1 trillion last week, a precipitous decline from its peak of $3tn in November last year. A number of factors drove the declines – a mix of crypto-specific events and wider macroeconomic issues – and some of them will continue to hang over the market this week as well. » | Dan Milmo, Global technology editor | Sunday, June 19, 2022
Saturday, June 18, 2022
Bitcoin: Will El Salvador's Big Crypto Gamble Pay Off? – BBC News
Jun 18, 2022 • The falling value of Bitcoin is affecting investors all over the world.
It’s putting increased pressure on the Central American state of El Salvador, which nine months ago made cryptocurrency legal tender. As legal tender it should be accepted in all shops, you can now buy almost anything in Bitcoin, from pizza to real estate.
The government has encouraged people to use Bitcoin by giving $30 to each person who signs up for a government-sponsored Bitcoin wallet – and offering treatment for pets at a cost of just 25 cents for those who pay in Bitcoin.
But aside from some pockets of enthusiasm, people do not seem to be embracing the cryptocurrency as much as their Bitcoin-loving president who is under increasing criticism for investing so much public money in the project.
It’s putting increased pressure on the Central American state of El Salvador, which nine months ago made cryptocurrency legal tender. As legal tender it should be accepted in all shops, you can now buy almost anything in Bitcoin, from pizza to real estate.
The government has encouraged people to use Bitcoin by giving $30 to each person who signs up for a government-sponsored Bitcoin wallet – and offering treatment for pets at a cost of just 25 cents for those who pay in Bitcoin.
But aside from some pockets of enthusiasm, people do not seem to be embracing the cryptocurrency as much as their Bitcoin-loving president who is under increasing criticism for investing so much public money in the project.
Monday, June 13, 2022
Bitcoin Falls below $25,000, Celsius and Binance Pause Withdrawals
Der Bitcoin-Kurs fällt und fällt: Der Kryptomarkt taumelt: Grund ist auch ein amerikanisches Unternehmen, das in Deutschland beworben wurde. Betroffen sind zahlreiche Digitalwährungen. »
Bitcoin drops 18 percent to lowest price since 2020: The cryptocurrency market melted down again on Monday, as the price of Bitcoin plummeted to its lowest point since 2020, wiping away years of investments »
Saturday, June 11, 2022
As Energy Prices Soar, the Bitcoin Miners May Find They Have Struck Fool’s Gold
THE OBSERVER: The rising price of electricity and the plunging value of the cryptocurrency could burst the speculative bubble for today’s prospectors
In the bad old days, prospecting for gold was a grisly business involving hysterical crowds, pickaxes, digging, the wearing of appalling hats, standing in rivers panning for nuggets, “staking” claims and so on. The California gold rush of 1848-55, for example, brought 300,000 hopefuls to the Sierra Nevada and northern California and involved the massacre of thousands of Indigenous people.
In our day, the new gold is bitcoin, a cryptocurrency, and prospecting for it has become a genteel armchair activity, although it is called “mining”, for old times’ sake. What it actually involves is using computers to perform unfathomably complicated calculations to create cryptographic “hashes” – codes that are, in practical terms, uncrackable. » | John Naughton | Saturday, June 11, 2022
In the bad old days, prospecting for gold was a grisly business involving hysterical crowds, pickaxes, digging, the wearing of appalling hats, standing in rivers panning for nuggets, “staking” claims and so on. The California gold rush of 1848-55, for example, brought 300,000 hopefuls to the Sierra Nevada and northern California and involved the massacre of thousands of Indigenous people.
In our day, the new gold is bitcoin, a cryptocurrency, and prospecting for it has become a genteel armchair activity, although it is called “mining”, for old times’ sake. What it actually involves is using computers to perform unfathomably complicated calculations to create cryptographic “hashes” – codes that are, in practical terms, uncrackable. » | John Naughton | Saturday, June 11, 2022
Subscribe to:
Posts (Atom)