• U.S. seizing $1B Silk Road bitcoin
    Alt coins,  Bitcoin

    U.S. seizing $1B in Bitcoin from Silk Road hacker

    A U.S. Attorney revealed today that the government is behind the Nov. 3 transfer of nearly 70,000 BTC, which it is seizing from the hacker who allegedly stole it from Ross Ulbricht

    In a Nov. 5 filing, the U.S. Department of Justice revealed that it is seizing nearly 70,000 bitcoins and several other cryptocurrencies that were stolen from the infamous Silk Road darknet market. The Nov. 3 transfer gained a lot of attention in the cryptocurrency community, with blockchain intelligence firm CipherTrace speculating that either the wallet’s owner was moving the bitcoins to a more up-to-date wallet address, or that another hacker had cracked the wallet.

  • The Case against Craig Wright as Satoshi Nakamoto
    Bitcoin,  Commentary,  People

    The Case against Craig Wright, Part I (2009-2011)

    A #Faketoshi hobbyist walks us through the details behind accusations that Craig Wright lied and forged proofs that he is Bitcoin creator Satoshi Nakamoto

    The problem is that people who claim Craig Wright is a fraud are mostly disorganized. So today we are just going to put it all out on the table. For that we look to Arthur van Pelt, a Dutch "bitcoin entrepreneur" who spends his free time digging for information that will debunk Wright's claim to be Bitcoin creator Satoshi Nakamoto.

  • bitcoin use in dark markets growing
    Bitcoin

    Criminals are using bitcoin more than ever for illegal activity

    If police shut down one darknet market, another one opens

    After a small dip in criminal activity in 2018, total dark market activity, which included mainly drug sales but also things like stolen credit cards, soared 70% in 2019 to more than $790 million, according to a report released Tuesday by cryptocurrency forensic firm Chainalysis. 

  • Craig Wright word worthless
    Bitcoin,  People

    EXCLUSIVE Craig Wright: If I produce Nakamoto’s bitcoins my critics will say I stole them

    And why he chose that particular Times of London article for the Bitcoin Genesis Block

    Yesterday, nChain chief scientist and self-proclaimed Bitcoin creator Craig Wright’s attorneys told a judge that the “bonded courier” he has long maintained held the encryption keys to Nakamoto’s 1.1 million bitcoins had arrived. He doesn’t believe even that will quiet his critics.