Radtke nakamoto bitcoin
The supposed creator of bitcoin was this week uncovered in a Newsweek article which was met by mixed feelings from fans and followers of the digital currency. Newsweek believe the creator to be Satoshi Nakamoto, 64, a Japanese engineer currently residing in suburban Los Angeles. The name Satoshi Nakamoto often appeared in online discussions about bitcoin and was believed to be a pseudonym for the group of programmers who created the currency. In a recent interview with The Associated Press , Nakamoto strongly denied any involvement with the digital currency and claimed that he had not heard of it until he was contacted by a reporter about it three weeks ago. Despite this, Newsweek are standing by their claims that they have revealed the founder.
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Content:
- bitcoin virtual currency
- 5 Things You Should Know About Cryptocurrency
- Man denies being Bitcoin inventor amid media frenzy
- Nine Bitcoin Nouns, Defined: The Crypto-People, Places, and Things You Need to Know
- Nakamoto denies he's bitcoin creator
- Bitcoin News Roundup: ecologically responsible, safe, and officially currency: or is it???
- Boss of bitcoin exchange found dead
- Slashdot Items Tagged "bitcoin"
- Bitcoin: 10 things you need to know about the virtual currency
bitcoin virtual currency
Bitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit. Bitcoin trader Kolin Burges C from London is surrounded by reporters as he protests against Tokyo-based bitcoin changer MtGox in front of the company's office in Tokyo on February 26, Tokyo also said that banks could not broker Bitcoin transactions or open accounts holding the virtual unit, which launched just five years ago, in an apparent bid to clamp down on the digital currency.
But, as regulators around the world grapple with how to handle Bitcoin, the Japanese statement did not specify if Tokyo would immediately begin cracking down on it, or how it would do so, given the unit's opaque nature.
Bitcoin "does not fall under the category of a currency" as defined by Japanese law, the government statement said, echoing the views of central banks in other countries. And "generally speaking it is subject to taxation if it meets conditions laid out in income tax law, corporate tax law and sales tax law, among others", the statement added. If Bitcoin transactions were used for money laundering "that would constitute a crime", it said, adding that "there are no Japanese laws that clearly define Bitcoin".
Asked whether Japan would become a global leader on regulating Bitcoin, Suga said: "We are now sorting things out under the current law and mulling what the government can do.
Unlike traditional currencies backed by central banks, Bitcoin is generated by complex chains of interactions among a huge network of computers around the planet.
Its relative anonymity and lack of regulation has been attacked by critics who fear it could be used to finance organised crime or terrorism. Last week, the spectacular failure of the Japan-based MtGox trading exchange set off alarm bells over Bitcoin, which backers have promoted as a low-cost alternative to fiat currencies such as the US dollar or Japanese yen. US Federal Reserve head Janet Yellen has said the Fed had no powers over a currency that only exists virtually with no central authority behind it.
Several countries, including Russia and China, have heavily restricted how Bitcoin can be used. Yellen has said US regulators, including the Treasury, are watching the Bitcoin sector for potential money laundering and other criminal uses of the digital currency.
MtGox, which at one time reportedly processed 80 percent of global Bitcoin transactions, last week sought bankruptcy protection and admitted that it lost half a billion dollars worth of the digital currency. Suga said Friday that Japanese officials were closely monitoring MtGox's bankruptcy proceedings, as they try to get a handle on how and why the exchange imploded.
In more misfortune linked with the troubled currency, Singapore police on Thursday said they were investigating the "unnatural"death of a year-old American boss of a Bitcoin exchange. Autumn Radtke, chief executive of Singapore-based First Meta, was found dead on February 26, but no foul play was suspected, police said.
Also on Thursday, Newsweek claimed it had found the true identity of the mysterious person or group behind the Bitcoin revolution -- "Satoshi Nakamoto", a year-old, Japanese-American physicist and model train enthusiast. Nakamoto, who lives in a modest two-story house in suburban Los Angeles, has denied being involved in Bitcoin. The Bitcoin Foundation, which supports the development of the currency, would not confirm Newsweek's story.
5 Things You Should Know About Cryptocurrency
On paper, the technology is as elegant as it is promising. Bitcoin's big innovation is that it offers a system of verification that relies on math, not middlemen, to broker trust. That's a big deal, but it's also a little bewildering. Among other things, Bitcoin undoes the internet's logic of copying and pasting: it proves that transactions have happened through math alone, which can, among other things, obviate the need for central financial institutions. It may not turn out to be a very good currency, but it's already looking like an interesting way to change the way we handle and send money. Some regulators and banks are now taking it very seriously. A report out today from Goldman Sachs says Bitcoin isn't a very good store of value, but its payment technology could force "existing players to adapt or coopt it.
Man denies being Bitcoin inventor amid media frenzy
One man's idea built billions, lost millions and is turning traditional banking on its head. But can it turn the IT industry upside down as well? It would be hard to invent a story more interesting than the true events surrounding Bitcoin, the virtual currency introduced in that's currently sweeping the planet. In the past month or so alone, its once-anonymous founder admitted then denied involvement, his discovery was debunked, and its largest exchange crashed and misplaced bitcoins worth nearly a half-billion dollars. Also, at least one possible suicide was linked to the fledgling currency. Bitcoin is an infrastructure for generating and exchanging monetary units between one person or company and another. It involves no banks or credit-card companies, and there are no countries to control, manipulate or potentially destroy the currency.
Nine Bitcoin Nouns, Defined: The Crypto-People, Places, and Things You Need to Know
When it comes to bitcoin, it would be fair to say that the mainstream media does have a tendency to get things wrong. Although coverage has improved since the early days, as some journalists are beginning to take the digital currency and its underlying technology more seriously, mistakes continue to crop up. Ranging from hugely inaccurate to outrageously funny, here are some of the biggest mainstream media fails to date. The mainstream press has joined the pursuit to identify Satoshi Nakamoto, the person or group of people credited with creating bitcoin.
Nakamoto denies he's bitcoin creator
Search Search. Menu Sections. It came as the Baggot Inn became the first Irish pub to accept bitcoins — the new digital currency — for pints. S o do these developments mark yet another stage in the inexorable advance of the bitcoin, or is it just a short-lived fad? Bitcoin was first created by software developer Satoshi Nakamoto in There is apparently no record of Mr Nakamoto prior to the creation of bitcoin.
Bitcoin News Roundup: ecologically responsible, safe, and officially currency: or is it???
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. First Meta runs an exchange for virtual currencies and assets. It initially functioned as an online trade platform for the currency used in the Second Life online world, and then expanded to other games. Last year, it allowed users to sell bitcoins for dollars.
Boss of bitcoin exchange found dead
She looked the most haggard of anyone I've seen on a TV interview. Probably not even in a safe deposit box, since when he created that coin it would have been worth less than the USB drive. It's fair to remove any element of the mysterious from something that wants to become the future of making money cloud mining altcoins with gekko science currency.
Slashdot Items Tagged "bitcoin"
RELATED VIDEO: Кто создал Bitcoin? - Кто скрывается под именем Сатоши Накамото?Conspiracies to murder, maybe actual murders, suicide, bankruptcies, fraud, hacking and good old-fashioned greed have all been unleashed by the bitcoin BTC boom. The virtual currency operates on the fringes, at present beyond government regulation and scrutiny. At its best, it is a cheap and efficient way to move money. The ability to buy and sell unsupervised also makes it the perfect vehicle for illegal drug deals.
Bitcoin: 10 things you need to know about the virtual currency
Bitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit. Bitcoin trader Kolin Burges C from London is surrounded by reporters as he protests against Tokyo-based bitcoin changer MtGox in front of the company's office in Tokyo on February 26, Tokyo also said that banks could not broker Bitcoin transactions or open accounts holding the virtual unit, which launched just five years ago, in an apparent bid to clamp down on the digital currency. But, as regulators around the world grapple with how to handle Bitcoin, the Japanese statement did not specify if Tokyo would immediately begin cracking down on it, or how it would do so, given the unit's opaque nature. Bitcoin "does not fall under the category of a currency" as defined by Japanese law, the government statement said, echoing the views of central banks in other countries. And "generally speaking it is subject to taxation if it meets conditions laid out in income tax law, corporate tax law and sales tax law, among others", the statement added. If Bitcoin transactions were used for money laundering "that would constitute a crime", it said, adding that "there are no Japanese laws that clearly define Bitcoin".
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