Free Republic

Ever since the unveiling of Bitcoin on Halloween 2008, the true inventor behind the revolutionary digital currency has been shrouded in mystery. Its creator adopted the mysterious pseudonym Satoshi Nakamoto, but no individual had so far been decisively identified as Satoshi, now undoubtedly one of the world’s richest people. But after an extensive investigation involving artificial intelligence and forensic linguistics experts, the New York Times has claimed to uncover the anonymous architect of Bitcoin, who has hidden his identity for 17 years. That man is Adam Back, a 55-year-old British computer scientist who the newspaper says pioneered the decentralised digital...

After announcing a 2029 target for migration to post-quantum cryptography (PQC), Google issues a new warning that a quantum system could attack a Bitcoin (BTC) transaction in about nine minutes. The tech giant warned it won't happen today but it's a possibility one should be prepared for sooner than later. Understanding quantum threat to cryptocurrency Cryptocurrencies are virtual currencies that rely on cryptography to encrypt or conceal sensitive financial details from those other than transacting parties. Though the most powerful supercomputers active today will take thousands of years to decrypt cryptography, the cryptocurrency community fears quantum computers will be able...

The U.S. Attorney’s Office for the Eastern District of New York and the Justice Department’s National Security Division also filed today a civil forfeiture complaint against approximately 127,271 Bitcoin, currently worth approximately $15 billion, that are proceeds and instrumentalities of the defendant’s fraud and money laundering schemes, and were previously stored in unhosted cryptocurrency wallets whose private keys the defendant had in his possession. Those funds (the Defendant Cryptocurrency) are presently in the custody of the U.S. government. The complaint is the largest forfeiture action in the history of the Department of Justice.