Earlier today, a Newsweek report claimed to have unmasked the creator of bitcoin, drawing both interest and criticism for what some feel is an excessive invasion of privacy and questionable ethics. Following this, Satoshi Nakamoto had denied claims that he is behind the world's most popular cryptocurrency.
The creator of Bitcoin has allegedly been found, with a controversial investigative report hunting down the man believed to be Satoshi Nakamoto at his home in California. Nakamoto, the elusive creator of the virtual currency that has made headlines, frustrated investors, prompted government investigations, and threatened to revolutionize the finance markets, has historically tried to distance himself from his work, but has been tracked down with the help of model trains.
Bitcoin hackers have claimed two more victims, with exchange Flexcoin announcing its virtual vault has been drained and that it will be ceasing operations immediately, while Poloneix confessed a security lapse of its own. "On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet" the company announced. "The attacker made off with 896 BTC," Flexcoin says, which works out to around $600,000 at today's rate.
The future of Bitcoin has become uncertain in recent times, with Mt. Gox finding itself the source of controversy in recent days and its closure spawning the mass-sale of the digital currency, leaving many spooked and possibly leery over future involvement with the unregulated and oft-stolen funds. Following this hoopla, D-W.Va. Senator Joe Manchin has moved forward with a call to have the cryptocurrency banned.
A Dutch start-up wants to make Bitcoin payments as easy as nodding your head, with EAZE revealing "Nod to Pay" using Google Glass, the virtual currency, and QR codes. Triggered by the voice command "OK Glass, make a payment" and then finalized by a simple nod gesture, the system makes payments a completely hands-off process.
Bitcoin exchange Mt.Gox has commented on its sudden and unexpected outage, though the terse statement is unlikely to reassure those who had still hoped to withdraw their virtual money. Blaming "recent news reports" for creating uncertainty on both its own operations and the bitcoin market as a whole, Mt.Gox says it has no option but to freeze all transactions.
When it comes to getting your hands on the virtual currency bitcoin, there are a couple ways you can do it. You can buy bitcoin at one of the exchanges. You can also get your own hardware and set about mining for your own bitcoin. Bitcoin mining isn't an easy task though and you aren’t guaranteed to get your hands on the virtual currency.
Bitcoin is one of the most popular of the virtual currencies out there. Even though it is popular, it has faced a number of issues including being deemed illegal in Russia. A number of companies have been working to make it easy to use bitcoin to pay for things and to buy and sell bitcoin.