Day: September 2, 2022

What would you ask Satoshi Nakamoto? Community answers

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After more than 10 years since the inception of Bitcoin (BTC), its pseudonymous creator Satoshi Nakamoto still remains a mystery. Being an inspirational figure to the crypto space, Cointelegraph asked Twitter what questions they would have for Nakamoto if they had a chance to talk.  From asking about their private keys and thoughts about Bitcoin mining to conspiracy theories about artificial intelligence trying to take control of humanity, the community members shared their most colorful questions for the Bitcoin creator.  A Twitter user replied that they would have a conversation…

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’ – Bitcoin News

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On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin (BTC) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “fake news.” During that same period of time,…

Crypto winter teaches tough lessons about custody and taking control

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The crypto winter has pumped new life into the adage “Not your keys, not your coins,” particularly after the collapse of some high-profile enterprises like the Celsius Network, whose funds were frozen in June. Just last week, Ledger CEO Pascal Gauthier hammered home the point further, warning: “Don’t trust your coins and your private keys to anyone because you don’t know what they’re going to do with it.” The basic idea behind the adage, familiar to many crypto veterans, is that if you don’t personally hold your private keys (i.e.,…

Big questions about how laws and taxes apply to NFTs and the metaverse

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NFTs can now serve as court documents… but they might also be unregistered securities, illegal loot boxes, or come with impossible tax demands.  Nonfungible tokens (NFTs) are thought of by most people as just funny pictures that degens on the internet spend far too much money on for poorly understood reasons. But Jason Corbett, managing partner of global blockchain law firm Silk Legal, says new and innovative use cases are beginning to emerge. “We’ve seen recently the courts allowing the serving of court documents by way of an NFT,” Corbett…

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ETH Surges, Following Latest Jobs Report – Market Updates Bitcoin News

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Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000. Bitcoin Bitcoin (BTC) was trading above $20,000 on Friday, as markets reacted to the latest monthly jobs report. Last month’s payrolls came in at 315,000, which is higher than the consensus estimate of 300,000. Following the report, BTC/USD surged to an intraday high…