Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…
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EXCLUSIVE: First interview with Craig Wright after judge orders him to pay $5 billion in bitcoin
‘When you find a gorilla, don’t kick it in the nuts’
A hearing in the Kleiman v. Wright case concluded Monday with the U.S. District Court for the Southern District of Florida rejecting Craig S. Wright’s testimony. The judge determined that “Satoshi Nakamoto” is a partnership of three people, but awarded half of its bitcoin holdings to the Kleiman estate. Craight Wright told Modern Consensus he “has no choice but to hand over $5 billion in BTC.”
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Craig Wright faces jail for contempt of court
Federal Judge Bruce Reinhart orders Wright to produce evidence he is Satoshi Nakamoto on Monday
Craig Wright’s assertion that he cannot provide a Florida court with a complete list of his bitcoin holdings is a bunch of hooey, and he’ll go to jail if he doesn’t pony up.
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The actual two pizza pies bought for BTC 10,000 by Laszlo Hanyecz in the first known bitcoin purchaseFlorida man blows 10,000 bitcoin on pizza, Twitter bot keeps reminding us 8 years later
Keeping tabs on how much the famous ‘Bitcoin Pizza’ really costs
On May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Now that one purchase gages the health of the entire $258 billion cryptocurrency market. Of course, that wasn’t always the case. So when Dutch programmer Merijn Bellekom quietly launched the Twitter bot @bitcoin_pizza in 2015, he didn’t know it would blossom into a $100 million meme. Every day at 7:14pm ET, Bellekom’s bot publishes the value of 10,000 bitcoins—what Hanyecz paid for those two pizza pies in 2010—to Twitter using current prices. “The bot was…
