In the latest Bitcoin news, employees at the Russian Federal Nuclear Centre in Sarov have been caught using the work computers for Bitcoin mining activities. Utilising one of the world’s most powerful computers, the employees exploited a one petaflop supercomputer for cryptocurrency mining.
Bitcoin is in an exciting place at the moment. The cryptocurrency has risen in value and appears to be continuing its upward trend. There are arguments about its real value (Something is only worth what someone else is willing to pay for it, and Bitcoin has no intrinsic value beyond what others place as its value) and it is mostly something created by a person who wrote a white paper under a pseudonym. In the midst of the Bitcoin boom (Or bubble) sit 1000 people who own 40 percent of the Bitcoins in the world.
The roller coaster ride of the Bitcoin movement is on its way down again due to two of the most significant cryptocurrency exchanges crashing on Wednesday morning. Bitcoin was trading at a record high of $11,400 before dropping $2,200 to $9,200. The Bitcoin exchanges that crashed were Coinbase and Gemini, and in the end, users weren’t able to buy or sell the digital currency.
Following the announcement that the anticipated BitCoin fork Segwit2X was being canceled, BitTorrent founder Bram Cohen has said that he is launching his own competitor called Chia. The ecofriendly cryptocurrency is set to use a block chain mining system that won’t use the electricity of other options on the digital market.
As previously mentioned on It’s a Gadget, Australian Craig Wright outed himself as the creator of Bitcoin, Nakamoto Satoshi. This is being heavily disputed, however.
Facts against Wright
Technology sites and blogs have gone about debunking White’s claim. Old blog posts were created and manipulated by Wright to contain information point to him. The PGP key connected to Satoshi isn’t connected to Wright. Apparently the PGP cipher-suites weren’t available at the time. The metadata involved gave this away as a fake. No evidence can be found on the keyservers from 2011 or any older key server dumps.
After years of speculation, Australian entrepreneur and computer scientist Craig Wright has outed himself as mysterious BitCoin creator Satoshi Nakamoto.
We have previously done two stories on the strange story of recluse and believed BitCoin founder Nakamoto. First was the reveal of who he was believed to be, a 64-year-old Japanese-American man living in California. The second was on his vehement denial that he had anything to do with the crypto-currency.
Now it looks like he may have been telling the truth about his lack of involvement.
Yesterday’s story from Newsweek about the alleged inventor of BitCoin has exploded after Satoshi Nakamoto gave an interview to the Associated Press denying any connection at all to the digital currency.
The story has already been bizarre and confusing. The BitCoin inventor was always a mysterious figure that had been built into internet legend. But Newsweek claimed to have tracked him down after an intensive investigation by Leah McGrath Goodman.
After the story was published, it all hit the fan. Nakamoto emerged from his home that was surrounded by reporters, saying that he wanted a free lunch and would only speak to one reporter while he got it. That reporter was from the AP, who bought him sushi as they discussed the story.
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