Bitcoin

Cryptocurrency extortion scheme targeted Seattle startup StormX, report says – GeekWire

Steven Nerayoff (second from right) tweeted the above photo of himself alongside StormX founder Simon Yu (third from right) and COO Arry Yu (second from left) in March 2018. “Great friends in blockchain are immutable!” he wrote in the caption. Nerayoff was arrested this week for extorting a company reportedly identified as StormX. (Photo via …

Cryptocurrency extortion scheme targeted Seattle startup StormX, report says – GeekWire Read More »

Craig ‘Satoshi’ Wright to appeal $5B bitcoin court ruling

Craig Wright, the man who on several occasions has claimed to be bitcoin creator Satoshi Nakamoto, is appealing a court ruling that ordered him to hand over around $5 billion in bitcoin to the estate of former business partner David Kleiman. Southern District Court of Florida magistrate Bruce Reinhart ruled in late August that Wright (pictured) should not …

Craig ‘Satoshi’ Wright to appeal $5B bitcoin court ruling Read More »

An Explanation of Why Bitcoin’s Scarcity May Give It Value in 2020 and beyond

Bitcoin, like gold, cannot simply be created arbitrarily, it is limited and finite supply to a max of 21 million Bitcoins, ever. Gold’s supply has historically increased at around 2% per year. Bitcoin’s supply will increase less than 2% starting at the 2020 halving, and will go to less than 1% a year after the …

An Explanation of Why Bitcoin’s Scarcity May Give It Value in 2020 and beyond Read More »

Bitcoin is Bad, Blockchain Is Revolutionizing, Says VMware CEO

“Bitcoin as its implemented and implementation of blockchain and distributed ledger I assert is bad,” says VMware CEO Pat Gelsinger. “Its purpose is almost all illicit and it’s an environmental crisis. This is a terrible implementation of blockchain. I’m not saying that blockchain is bad. I think it is revolutionizing. This is breakthrough innovative technology …

Bitcoin is Bad, Blockchain Is Revolutionizing, Says VMware CEO Read More »

Bitcoin’s Highs and Lows: Where to Next?

Since the critical acclaim of Bitcoin and digital currencies in 2017, there has been a lot of talk about its future. Bitcoin was the first digital currency to attract mainstream attention, and after that, 2018 was less than glamorous, with the price plummeting. Are cryptocurrencies a thing of the past already, or a Hard Trend …

Bitcoin’s Highs and Lows: Where to Next? Read More »