On Wednesday morning we reported on the arrest of a Russian man suspected of running a $4 billion dollar money laundering scheme. Later in the day, US officials released the indictment against the suspect, Alexander Vinnik.
Three years after Bitcoin suffered a massive decline in value, the cryptocurrency is once again valued at more than $1,000 USD.
In the early days of 2017, Bitcoin is already reaching new heights as the value of the cryptocurrency rises. As of 9 AM PT on January 3, Bitcoin was valued at $1,025 U.S dollars, according to Coinbase, a level not seen since 2013.
It just became significantly harder to mine Bitcoins. The halving event rolled around yesterday, July 9, and means that the reward for mining just dropped by 50 percent. The cryptocurrency is generated by machines around the world 'mining' for new bitcoins.
Four months have passed since the world learned the name of Craig Wright, a man who, as WIRED wrote in December, either created Bitcoin or very badly wants someone to believe he did.
Now rumors are swirling through the Bitcoin world that Wright himself is poised to publicly claim—and possibly offer some sort of proof—that he really is Satoshi Nakamoto, the mysterious inventor of Bitcoin. If he does, he’ll have to convince a highly skeptical cryptography community for whom “proof” is a serious word, and one that requires cryptographic levels of certainty.
The Securities and Exchange Commission has approved a plan from online retailer Overstock.com to issue company stock via the Internet, signaling a significant shift in the way financial securities will be distributed and traded in the years to come.