Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
How Did Fbi Get Private Key Bitcoin
The FBI has long been interested in Bitcoin and its potential to be used for criminal purposes. In early 2015, they succeeded in obtaining a Bitcoin private key from a suspect in a criminal case. How they did this is still a mystery, but the implications are significant. The FBI has been investigating Bitcoin since […]
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3.6b Crypto Seizure Prove How Hard
On March 6, 2018, the US government seized 3.6 billion worth of cryptocurrency from a company known as “Wired Trader”. This seizure was seen as a major victory by the government in their ongoing battle against digital currencies. The Wired Trader company was apparently involved in a scheme to defraud investors by selling them digital […]
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How Is Bitcoin Anonymous
Bitcoin is often touted as being an anonymous currency because it is possible to send and receive bitcoins without attaching your name to them. However, the truth is that Bitcoin is not truly anonymous. While it is possible to use bitcoins without attaching your name to them, all transactions are recorded in the Bitcoin blockchain, […]
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