Free Republic

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months. Bitcoin Creator’s Wealth Reaches $51B, Stash of Bitcoin Climbs Nearly $9B Higher in 2024 It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between...

New reports by Wired and Gizmodo may have identified the pseudonymous creator of bitcoin, Satoshi Nakamoto, as Australian entrepreneur Craig S Wright. WIRED cites "an anonymous source close to Wright" who provided a cache of emails, transcripts and other documents that point to Wright's role in the creation of bitcoin. Gizmodo cited a cache of documents sourced from someone claiming to have hacked Wright’s business email account, as well as efforts to interview individuals close to him. The news outlets further claimed that Dave Kleiman, a computer forensics expert who died in April 2013, played a significant role in the...

(Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Satoshi Nakamoto, a name known to legions of bitcoin traders, practitioners and boosters around the world, appeared to lose his anonymity on Thursday after Newsweek published a story that said he lived in Temple City, California, just east of Los Angeles.

Bitcoin founder Satoshi Nakamoto might have been discovered, despite his best efforts to maintain anonymity over the last several years. Newsweek reported Thursday that it spent considerable time tracking down the father of Bitcoin, only to discover that he might be living in Temple City, Calif. It took a winding road to reach a 64-year-old man named Satoshi Nakamoto who not only had no desire to speak with Newsweek, but called the police on its reporter. When the police arrived, Nakamoto -- who Newsweek had been contacting and trying to track down for weeks -- finally had something to say....

The same bug that has plagued several of the biggest players in the Bitcoin economy may have just bitten the Silk Road. On Thursday, one of the recently-reincarnated drug-selling black market site’s administrators posted a long announcement to the Silk Road 2.0 forums admitting that the site had been hacked by one of its sellers, and its reserve of Bitcoins belonging to both the users and the site itself stolen. The admin, who goes by the name “Defcon,” blamed the same “transaction malleability” bug in the Bitcoin protocol that led to several of the cryptocurrency’s exchanges halting withdrawals in the...