All posts tagged: Bitcoins

Why the 2026 Hunt for Bitcoin’s Creator Satoshi Nakamoto Has Reached a Fever Pitch

Why the 2026 Hunt for Bitcoin’s Creator Satoshi Nakamoto Has Reached a Fever Pitch

One evening in the fall of 2024, my wife and I were sitting in traffic on the Long Island Expressway when, tired of listening to the jazz-funk station I often played on our drives, she switched to a podcast. It was “Hard Fork,” the New York Times tech show, and the hosts were discussing a new HBO documentary claiming to have unmasked bitcoin’s pseudonymous inventor, Satoshi Nakamoto. I was instantly riveted. I had long considered the question of Satoshi’s true identity one of our age’s great enigmas and had poked at it before without success. Two years earlier, I had even spent several months researching a book on the subject. But I soon realized I was out of my depth and reluctantly gave up. Hearing that someone else might have finally identified the shadowy figure who had revolutionized finance, spawned a $2.4 trillion industry and amassed one of the world’s biggest fortunes in one stroke of staggering genius aroused in me a mixture of admiration and envy. I couldn’t wait to watch the film. As …

How bitcoin’s surge since Trump’s win could play out in India | Business News

How bitcoin’s surge since Trump’s win could play out in India | Business News

The President-elect of the United States of America, Donald Trump has chosen tech billionaire Elon Musk to lead a newly-created Department of Government Efficiency (DOGE) for his incoming administration. Republican Vivek Ramaswamy will work with Musk on the project – whose acronym refers to Musk’s favourite cryptocurrency Dogecoin. The acronym for the newly created position, which found place in an official Trump statement, is in many ways symbolic of some of the positive messaging the President-elect had throughout his campaign around cryptocurrencies, which included announcing bitcoin a strategic reserve, and favourable energy policies for crypto miners. Since Trump’s victory, bitcoin has reached an all-time high, and is close to breaching six figures. Investors had predicted that bitcoin could hit that mark if Trump were to be elected, since his entire campaign featured pro-crypto messaging, among other things. Having Musk – who has been a long time advocate for cryptocurrency — as a key adviser could further bolster investors’ belief in bitcoin, and other digital virtual assets, even if concerns around conflict of interest remain. This …

Why did ED question actress Tamannaah Bhatia in money laundering case? | Latest News India

Why did ED question actress Tamannaah Bhatia in money laundering case? | Latest News India

Oct 17, 2024 09:45 PM IST The ED on Thursday questioned actress Tamannaah Bhatia in relation with a money laundering case probe linked to the ‘HPZ Token’ mobile app. The Enforcement Directorate on Thursday questioned actress Tamannaah Bhatia about a money laundering case in Guwahati. The actress was called in for questioning regarding a probe linked to the ‘HPZ Token’ mobile app in which several investors were allegedly duped on the pretext of mining Bitcoins and some other cryptocurrencies. Bollywood actress Tamannaah Bhatia (Photo by SUJIT JAISWAL / AFP)(AFP) Tamannaah Bhatia’s statement was recorded under the Prevention of Money Laundering Act (PMLA) at the ED zonal office in Guwahati, the agency said in a statement. Why was Tamannaah Bhatia called for questioning? Sources told PTI that the 34-year-old actress received some funds for making a “celebrity appearance” at an event of the ‘HPZ Token’ app, which is currently under investigation for money laundering. No ‘incriminating’ charges have been made against Tamannaah, the sources said. She was called earlier too but she deferred the summons due …

Bitcoin’s Rally Above $60,000 Falters as Prices of Ether and Other Altcoins Drop

Bitcoin’s price rally faltered on Friday, as the value of the world’s most widely used cryptocurrency dropped by one percent on international exchanges, after crossing the $60,000 (roughly Rs. 50 lakh) mark earlier this week. The value of the most expensive crypto asset dropped to $60,990 (roughly Rs. 51.2 lakh), according to CoinMarketCap. This is the first time this week that Bitcoin’s value has dropped to this level on foreign exchanges. BTC is currently trading sideways in India at $63,453 (roughly Rs. 53.2 lakh), according to FIU-registered exchanges like CoinSwitch and CoinDCX. “Tensions on the geopolitical front have strengthened the US dollar and thus impacted the prices of cryptocurrencies. Increasing SOFR (secured overnight financing rates) indicates liquidity problems. Relief may come with the US jobs report on Friday, improving the prospect for risk assets if rate cuts are promised,” Avinash Shekhar, Co-Founder and CEO, Pi42 told Gadgets360. Ether dropped in price by 2.17 percent on Friday. With this, the value of ETH has come to $2,143 (roughly Rs. 1.80 lakh) on Friday, showed the crypto …

ED Arrests Man, Seizes Bitcoins Worth Rs 130 Cr in US Requested Probe

Last Updated: May 04, 2024, 22:16 IST The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore. (Representative image) In a statement, the central probe agency said that the accused agreed to “surrender” the proceeds earned through the sale of illegal drugs through the dark web. Most of the sales were made in European countries The Enforcement Directorate on Saturday said it has seized cryptocurrency worth more than Rs 130 crore and arrested a Uttarakhand-based man as part of a drugs trafficking-linked money laundering probe initiated at the request of US authorities. Parvinder Singh was taken into custody on April 27 from Haldwani in the state’s Nainital district following a search of his premises. In a statement, the central probe agency said that the accused agreed to “surrender” the proceeds earned through the sale of illegal drugs through the dark web. Most of the sales were made in European countries, it added. Investigation was initiated on the basis of a mutual legal assistance request received from US authorities invoking …

Karnataka Bitcoin scam: In destruction of evidence case, court rejects interim anticipatory bail plea of missing cop | Bangalore News

A special court in Bengaluru on Friday rejected a police officer’s plea seeking interim anticipatory bail in a case of alleged destruction of evidence linked to a 2020-21 hacking case in the city involving international hacker Srikrishna Ramesh alias Sriki. Former Bengaluru Crime Branch police officer K Sridhar Poojar sought interim anticipatory bail in the case filed by a criminal investigation department (CID) special investigation team (SIT) on August 9, 2023, after he was issued notices in the case. The CID SIT which is probing a Bitcoin-linked corruption scam over alleged extortion of cryptocurrency funds from the hacker after his arrest in November 2020 had filed an FIR over destruction of evidence in 2023 against unnamed officers of the Bengaluru Crime Branch. The SIT has now issued notices to two former Crime Branch officers, Poojar and Prashant Babu. “The interim bail application filed by the petitioner under sec.438(1) of Cr.P.C. is hereby rejected,” a special court said Friday. Poojar, who is of the rank of a deputy superintendent, went missing after his anticipatory bail was …

Bitcoin’s price spiked after a fake SEC tweet claimed ETFs were approved

The Securities and Exchange Commission’s official social media account on X (formerly Twitter) posted a notice on Tuesday evening falsely claiming it had approved listings for Bitcoin exchange-traded funds, or ETFs, which has since been deleted. Moments later, SEC Chair Gary Gensler said in a post on his own account that the agency’s account was “compromised, and an unauthorized tweet was posted.” The SEC followed up with a post reiterating Gensler’s statement. A spokesperson for the SEC also confirmed to CNBC that an “unknown party” had accessed its account. Late Tuesday night, an unsigned post sent from the @Safety account said, “Based on our investigation, the compromise was not due to any breach of X’s systems. but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party.” Mandiant, the cybersecurity firm owned by Google, was just one of the high-profile accounts that had fallen victim to hackers, as its account was hijacked last week to advertise a crypto scam that drained users’ wallets. The blockchain security …