Australian Police Raid Home & Office of Reported Bitcoin Creator Craig Wright

Australian police have raided the Sydney home and office of Craig Steven Wright, the man alleged to be bitcoin’s inventor as the anonymous Satoshi Nakamoto. Australian Federal police in Sydney have raided the home and office of Craig Wright who is identified as the creator of bitcoin. According to The Guardian, more than 10 police personnel arrived in Gordon, a Sydney suburb to raid a home belonging to Craig Wright.  The raid was conducted not long after WIRED and Gizmodo revealed investigations leading the publications to believe they may …

Reports: An Australian Entrepreneur Might Be Satoshi Nakamoto

If newly revealing reports from online publications Wired and Gizmodo are to be believed, a 44-year old Australian entrepreneur called Craig Wright may be Satoshi Nakamoto, the pseudonymous inventor of the cryptocurrency Bitcoin. Following an investigation, WIRED claims that that it has “obtained the strongest evidence yet of Satoshi Nakamoto’s true identity.” Unsurprisingly, the report that Craig Steven Wright, a 44-year old Australian entrepreneur may be Satoshi Nakamoto has garnered plenty of interest soon after publishing. WIRED, for its part, notes with a disclaimer about the report’s outcome with two possibilities. One, …

Bitcoin Soars past $400; the Satoshi Search Effect?

The price of Bitcoin saw plenty of upward activity late last night UTC, with a surge that saw a $20 leap in the minutes leading up to midnight. The Bitstamp Price Index scaled a new high since $500 figure struck on November 4th to ring in a figure of $422.88. At the time of publishing, Bitcoin price stood at $421.50. The price swell started with Bitcoin trading at $395.15  at 11:08 PM UTC before seeing a spike of over $21 to scale $416.23 at 11: 57 …

Singapore Crypto Platform BitX Receives Additional Funding

BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert’s Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions BitX provides mobile wallets, institutional quality exchanges and APIs for business integrations. The company claims …

Bitcoin Price Heading Due East

Bitcoin price has traded sideways for three days and according to the bitcoin chart’s average true range, a tipping point is in sight. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: No substantial change from yesterday, and the 1hr chart continues conforming to the indicator and MA …

German Finance Suits Don’t See a Big Future for Bitcoin

A representative survey covering a hundred CEOs and board members of financial companies in Germany has shown that financial executives aren’t enthused by bitcoin. In a survey conducted by the German Association for Information Technology, Telecommunications and New Media or Bitkom — a German trade association and think tank – 95% of those surveyed see digital currencies including Bitcoin will remain in the niche over the next decade. Furthermore, 2% of the finance executives believe that the cryptocurrency will be an accepted mode of payment, in tandem with existing payment …

Silk Road Agent Shaun Bridges Gets 71 Months in Prison

Shaun Bridges, a former Secret Service agent who stole more than $800,000 worth of bitcoins during the investigation into darknet marketplace Silk Road, has been sentenced to 71 months in prison. In June, Bridges pleaded guilty to siphoning off the bitcoins from Silk Road before moving them an account on Mt. Gox. At the sentencing in San Francisco, U.S. District Judge Richard Seeborg called the theft “an extremely serious crime consisting of the betrayal of public trust from a public official” and concluded that “a high-end sentence” was warranted, …

Infosys Aims for New Blockchain & Fintech Jobs in Ireland

Indian software services giant Infosys is looking to double its existing staff in Ireland by adding 250 new jobs in areas such as blockchain and analytics. A new expansion plan by Infosys will include new jobs at the company’s first dedicated, product-centric research and development lab outside India in its endeavor to expand operations in Ireland. The company notes that 95 jobs will be added to the facility while a second Irish facility is expected to gain 155 new jobs. The R&D center is specifically positioned to focus on Fintech research …

Did Bitcoin Investment Trust Trading Push November Price Rally?

Trading in the Bitcoin Investment Trust (BIT), an open-ended trust invested exclusively in bitcoin, may have contributed to the November spike in bitcoin’s price, according to The Wall Street Journal. On Oct. 21, for the first time, the spread between publicly-traded shares in the fund and the bitcoin price became negligible. On Nov. 3, 71,000 shares traded and the bitcoin price surged. A spokesman for the trust said the narrowed spread probably attracted investors to BIT. Arbitragers often try to profit from changes between assets and price, but do so, …

Will Bitcoin Price Respond to Wider Market Reversals?

Bitcoin price has traded sideways for almost two days and we look at the momentum indicators for clues as to which way next. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h30 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: Three grey arrows highlight the indicator conditions at the point of advance for the last three …