A bronze depiction of legendary Bitcoin creator Satoshi Nakamoto is now on display for visitors of Graphisoft Park in Budapest. In an unveiling ceremony on Thursday, András Győrfi, the co-founder of the statue project and editor of crypto news site Kripto Akademia, spoke to a crowd of journalists and Hungarian residents before revealing the shining face of Satoshi. The sculpture shows the upper half of a figure with a featureless face wearing a hoodie with the Bitcoin (BTC) logo. Front of #StatueOfSatoshi pic.twitter.com/LvlDmtio1c — Disclose.tv (@disclosetv) September 16, 2021 “Whoever he or she was, Bitcoin creates value, and especially the …

Bitcoin (BTC) miners officially produced their 700,000th block on Saturday, marking a major milestone for a network whose detractors claim has died 428 times since 2009. It took Bitcoin less than two years to produce 100,000 more blocks after reaching the 600,000 milestone on Oct. 18, 2019. At the time of the last 100,000-block milestone, the BTC price was worth less than $8,000. Today, one Bitcoin is worth over $45,500. Happy 700000th block, #bitcoin! https://t.co/24mpVKXK8e — Pieter Wuille (@pwuille) September 11, 2021 At the time of writing, Bitcoin’s total supply was 18,812,806, or 89.5% of all the coins that will …

Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, believes that the blockchain revolution started by Satoshi Nakamoto in 2008 is more than just a fad, but a real value proposition for the future of the internet. In an interview with the Aspen Security Forum on Tuesday, Gensler talked about his role at the Massachusetts Institute of Technology, where he taught about the intersection of finance and technology: “[...] in that work I came to believe that though there was a lot of hype masquerading as reality in the crypto field, Nakamoto’s innovation is real.” SEC …

It is no longer possible to download the Bitcoin Core software from Bitcoin.org if you visit the website with a United Kingdom internet protocol (IP) address. A notice on the website reads: “This software is presently not available for download in the UK, and download links will not work if you are located within the United Kingdom.” Indeed, attempting to proceed with downloading the Bitcoin (BTC) software from the site using a U.K. IP returns a “404 error.” Detailing the reason for blocking access to the software download for U.K. site visitors, Bitcoin.org’s pseudonymous owner Cøbra responded to a tweet …

Self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent Craig Wright has won a legal battle claiming copyright infringement on the part of Bitcoin.org for hosting the Bitcoin white paper. Wright won by default after the website’s pseudonymous owner, “Cøbra,” chose not to mount a defense. Bitcoin.org must now remove the white paper and display a notice referring to the judgment and cough up at least 35,000 British pounds ($48,600) to cover Wright’s legal costs. Cøbra responded to the ruling on Twitter: I don't think you could get a better advertisement of *why* Bitcoin is necessary than what happened today. Rules enforced …

Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary Today, sculptors, Réka Gergely and Tamás Gilly are designing the statue, and have unveiled initial plans depicting a figure with a featureless face wearing a Bitcoin hoodie. The hood is over the figure's head, and the face will be made from a reflective surface so that viewers can see themselves mirrored back when they look at the statue — emphasizing the idea that “we are all Satoshi.” The project was initiated by …

This is Part One of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin. The value of scarcity In recent months — and throughout 2020 amid the COVID-19 pandemic and its negative effects on the economy — central banks around the world have issued unprecedented quantities of money in order to try to counter an inevitable …

Australians’ knowledge of cryptocurrency could use some improvement, as more than half of them think that Elon Musk created Bitcoin (BTC), according to a new survey. Finder, Australia’s most visited comparison website, conducted a survey of 1,004 Australians to find out more about what they know about crypto, The Australian reported on Wednesday. According to the survey results, 56% of Australians are unaware of mysterious Bitcoin creator Satoshi Nakamoto, believing that Tesla CEO and SpaceX founder Musk is the founder of the world’s largest cryptocurrency. A significant number of respondents also did not know that the Bitcoin supply is limited …

Bitcoin creator Satoshi Nakamoto left the cryptocurrency community with a parting message exactly one decade ago today: “I’ve moved on to other things.” In the years since, Bitcoin (BTC) has evolved from an obscure, esoteric project to a trillion-dollar financial asset drawing attention from governments, financial institutions, corporations and investors. Despite dozens of plausible theories, Nakamoto’s identity remains elusive, and their estimated stash of 1 million BTC remains unmoved. With a current BTC price of around $54,000, Nakamoto’s projected fortune is roughly $54 billion. As Cointelegraph recently speculated, a BTC price of $182,000 — considered probable by many crypto enthusiasts …

It is not known if Satoshi Nakamoto created Bitcoin (BTC) alone, if they had help from others, or whether they themself are just a pseudonym for a developer collective. However, after the launch of Bitcoin on Jan. 9, 2009, Nakamoto worked to improve the software by receiving feedback and opinions from several collaborators. Among them is Dustin D. Trammell, one of the first cypherpunks to download the official version of Bitcoin and mine the cryptocurrency. Trammell is a computer security research scientist and a specialist in virtual security. In addition to talking to Satoshi and suggesting improvements to Bitcoin, he …

It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world's richest person if the price of Bitcoin (BTC) hits approximately $182,000. As of March 2021, Amazon founder Jeff Bezos is the richest person on earth with a net worth of $181.6 billion. Elon Musk, the CEO of Tesla, is a close second at $163.7 billion, owning more than 20% of the electric car maker. How much BTC does Satoshi Nakamoto have? Satoshi Nakamoto, the creator of Bitcoin, released the Bitcoin whitepaper in October 2008 under a public MIT license. On Jan. 3, 2009, Bitcoin's first block, …

United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In addition, the exchange listed Satoshi Nakamoto and the Bitcoin (BTC) genesis block address as recipients of a copy of the SEC filing. The legendary Bitcoin …