bitcoin

Unmasking Bitcoin Creator Satoshi Nakamoto—Again
09 Oct

Unmasking Bitcoin Creator Satoshi Nakamoto—Again

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Peter Todd is standing on the upper floor of a dilapidated industrial building somewhere in Czechia, chuckling under his breath. He has just been accused on camera of being Satoshi Nakamoto, the Bitcoin creator, whose identity has remained a mystery for 15 years.In the final scene of a new HBO documentary, Money Electric: The Bitcoin Mystery, documentarian Cullen Hoback confronts Todd with the theory that he is Satoshi. In a previous work, Hoback unmasked the figure behind QAnon. Here, he tries to repeat the trick with Bitcoin.“I will admit, you’re pretty creative—you come up with some crazy theories,” Todd tells…
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FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan
07 Oct

FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan

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A US judge has cleared the way for billions of dollars to be refunded to former customers of bankrupt crypto exchange FTX.At a court hearing in Wilmington, Delaware, on Monday, judge John Dorsey gave final approval to FTX’s reorganization plan, the terms of which had previously been put to creditors and voted through by a landslide.“I think this is a model case for how to deal with a very complex Chapter 11 proceeding,” said Dorsey. “I applaud everyone involved in the negotiation process.”FTX filed for bankruptcy in November 2022 after running out of funds to process customer withdrawals. Billions of…
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FTX Insider Caroline Ellison Sentenced to Two Years in Prison
24 Sep

FTX Insider Caroline Ellison Sentenced to Two Years in Prison

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Testifying at Bankman-Fried’s criminal trial in October 2023, Ellison depicted her former paramour as the driving force behind the FTX fraud. On the stand, she painted Bankman-Fried as forceful and calculating and described for the jury his various deceptions, the careful curation of his public image, and his warped relationship with risk. “[Bankman-Fried] was totally comfortable with taking a risk, as long as he thought it was a positive expected value,” said Ellison, under examination by the prosecution. "He talked about being willing to take large coin flips, like a coin flip where if it comes up tails, you might…
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A Mysterious School for the Network State Crowd Is Now in Session
23 Sep

A Mysterious School for the Network State Crowd Is Now in Session

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Last month, venture capitalist Balaji Srinivasan announced the Network School, a three-month learning retreat marketed to people interested in “network nations,” a kind of utopia for the anarchocapitalist set. The inaugural class is 150 people. It starts today.Details about the school have been shrouded in secrecy, even for the applicants. Aspiring Network School participants put down deposits of up to $2,000 without even knowing the Network School’s location. Srinivasan has still not disclosed it publicly, although social media posts and WIRED reporting indicate that it’s Forest City, Malaysia.The Network School is one of the most ambitious projects yet for people…
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The Trumps Have Gone Full Crypto With World Liberty Financial
17 Sep

The Trumps Have Gone Full Crypto With World Liberty Financial

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As it turned out, Trump was readily convinced: Despite having previously dismissed bitcoin as a “scam,” Trump has recently taken to pitching himself as the crypto president. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump promised to turn the US into the “crypto capital of the planet” and establish a national “bitcoin stockpile” if reelected. In a post on X after the speech, Tyler Winklevoss celebrated the former president having been “orange-pilled”—crypto lingo meaning “indoctrinated.”Initially, when Eric and Donald Jr. first began to hint at the World Liberty Financial project, there was speculation they…
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The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town
11 Sep

The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town

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The previous October, Sawicky organized a weeklong protest alongside environmental activist group Greenpeace and brandished various anti-bitcoin signs at anyone who entered the Riot facility. Only a few other people turned out in support, leaving Sawicky dejected: “I could not have been more disappointed and disgusted by my fellow humans,” she said, when we first spoke earlier in the year.Sawicky is unapologetically brash; she has given up on artfulness and guile, she claims, in favor of brute force. “I am obnoxious. I am in your face,” she says. Her methods have led even close allies to question her. “I love…
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Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks
15 Aug

Point72 Stake Sends Bitcoin Miner Higher as Short-Seller Attacks

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It’s Steve Cohen’s hedge fund versus an activist short-seller in the stock market today. And so far, Cohen is winning.Bitcoin mining company TeraWulf Inc. rallied as much as 18% on Thursday after Cohen’s Point72 Asset Management disclosed a 1.3% stake in the company in its second-quarter report to the Securities and Exchange Commission. The shares maintained most of those gains following a reportBloomberg Terminal published by Grizzly Research that accused the miner of enriching insiders at the expense of investors. Source link lol
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Coinbase Returns to Hawaii Seven Years After Exiting Market
13 Aug

Coinbase Returns to Hawaii Seven Years After Exiting Market

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After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol
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Coinbase Shares Gain After Court Limits SEC Award in Ripple Case
08 Aug

Coinbase Shares Gain After Court Limits SEC Award in Ripple Case

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Coinbase Inc. shares rose after a federal court ruled that Ripple Labs Inc. pay a fraction of what the US Securities and Exchange Commission sought in a civil suit, a decision that bodes well for the biggest US crypto exchange’s case with the agency.Coinbase’s shares are up about 7% to around $191 on Thursday, a day after the court said that Ripple had to pay a penalty of $125 million. The SEC sued for almost $2 billion to punish Ripple for raising money without registering its token as a security in 2020. Source link lol
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