From Dorian Nakamoto to Elon Musk: The Incomplete List of People Speculated to Be Satoshi Nakamoto

Ten years ago, on Jan. 3, 2009, the Bitcoin (BTC) network was created as Satoshi Nakamoto mined the genesis block, also known as block number zero.

However, the identity behind the Bitcoin creator has remained one of the biggest mysteries in the crypto community since the original white paper was published by Satoshi in October 2008.

Various journalistic investigations have attempted to unveil the person or group of individuals responsible for creating the top digital currency, but Satoshi’s real identity remains unknown to date. On his P2P Foundation profile — which went inactive in late 2010 — Nakamoto identifies as a 43-year-old male who lives in Japan, but he almost never posted on the Bitcoin forum during local daytime. Other clues, like the British spelling of words like “colour” and “optimise,” suggest he was of Commonwealth origin.

So far, the media and community have come up with numerous results of who might be the real Satoshi, none of which have been confirmed. On June 14, 2018 the United States Central Intelligence Agency (CIA) said that it could “neither confirm nor deny the existence” of Nakamoto after a Motherboard journalist requested information on his identity through the Freedom of Information Act (FOIA).

Here’s the (incomplete) list of potential candidates.

Vili Lehdonvirta

Suspect credentials: a 38 year-old Finnish professor at the Helsinki Institute for Information Technology

Source: Joshua Davis, The New Yorker

One of the first attempts to reveal Satoshi’s identity dates back to October 2011, when journalist Joshua Davis wrote a piece for the New Yorker. During his quest to identify the Bitcoin creator, Davis found Michael Clear, a young graduate student in cryptography at Trinity College in Dublin, who had worked at Allied Irish Banks to improve its currency-trading software and co-authored an academic paper on peer-to-peer technology. Clear denied he was Satoshi, but offered the journalist the name of “a solid fit for Nakamoto” — a thirty-one-year-old Finnish researcher at the Helsinki Institute for Information Technology named Vili Lehdonvirta, who used to be a video game programmer and studied virtual currencies.

However, after being contacted by Davis, Lehdonvirta also claimed he was not Satoshi. “You need to be a crypto expert to build something as sophisticated as bitcoin,” he said. “There aren’t many of those people, and I’m definitely not one of them.”

Shinichi Mochizuki

Shinichi Mochizuki

Suspect credentials: a 49 year-old Japanese mathematician at Kyoto University

Source: Ted Nelson

On May 17, 2013, American IT pioneer, sociologist and philosopher Ted Nelson suggested that Nakamoto could be Japanese mathematician Shinichi Mochizuki of Kyoto University, who worked mostly in number theory and geometry. Nelson’s evidence was largely circumstantial, however, as it mostly rested on how Mochizuki released his solution to the ABC Conjecture, one of the biggest unsolved problems in mathematics.

A few days later, Nelson told Quartz that he would donate to charity if Mochizuki denied being Satoshi Nakamoto:

“If that person denies being Satoshi, I will humbly give one bitcoin (at this instant worth about $123) to any charity he selects. If he is Satoshi and denies it, at least he will feel guilty. (One month time limit on denial– bitcoins are going UP.)”

In July 2013, The Age reported that Mochizuki denied Nelson’s claims, but did not specify the source.

Dorian Nakamoto

Dorian Nakamoto

Suspect credentials: a 68-year-old Japanese American man who has done classified work for major corporations and the U.S. military

Source: Leah McGrath Goodman, Newsweek

On March 6, 2014, Newsweek published a lengthy article written by journalist Leah McGrath Goodman, who identified Dorian Prentice Satoshi Nakamoto, a Japanese American male living in California as the original Bitcoin creator.

Goodman learned that Nakamoto worked as a systems engineer on classified defense projects and computer engineer for technology and financial information services companies. Nakamoto reportedly turned libertarian after being laid off from his job twice in the early 1990s.

There were other clues besides his birth name. Goodman argues that Nakamoto confirmed his identity as the Bitcoin founder after she asked him about the cryptocurrency during a face-to-face interview. “I am no longer involved in that and I cannot discuss it,” he allegedly replied. “It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”

However, in a following full-length interview with The Associated Press, Dorian Nakamoto denied all connection to Bitcoin. He said that he had never heard of it before, and that he thought that Goodman was asking about his previous work for military contractors, which was largely classified. Interestingly, in a Reddit “Ask Me Anything” interview, he stated he had misinterpreted Goodman’s question as being related to his work for Citibank. Later on the same day, the Nakamoto’s P2P Foundation account posted its first message in several years, stating: “I am not Dorian Nakamoto.”

Nick Szabo

Nick Szabo

Suspect credentials: (supposedly) a 55 year-old American man of Hungarian descent and creator of BitGold, a predecessor of Bitcoin

Sources: Skye Grey, researcher; Dominic Frisby, financial writer

In December 2013, researcher Skye Grey published results of his stylometric analysis, which indicated that the person behind Satoshi Nakamoto was a computer scientist and cryptographer named Nick Szabo.

Essentially, Grey searched for unusual turns of phrase and vocabulary patterns “in particular places which you would expect a cryptography researcher to contribute to,” and then “evaluated the fitness of each match found by running textual similarity metrics on several pages of their writing.”

Szabo is a decentralized currency enthusiast who developed the concept of “BitGold,” a pre-Bitcoin, privacy-focused digital currency, back in 1998. In his May 2011 article on Bitcoin, Szabo wrote:

“Myself, Wei Dai, and Hal Finney were the only people I know of who liked the idea (or in Dai’s case his related idea) enough to pursue it to any significant extent until Nakamoto (assuming Nakamoto is not really Finney or Dai).”

Additional research carried out by financial author Dominic Frisby, which he describes in his 2014 book titled “Bitcoin: The Future of Money?” also suggests that Nick Szabo is the real Satoshi. In an interview on Russia Today, Frisby said: “I’ve concluded there is only one person in the whole world that has the sheer breadth but also the specificity of knowledge and it is this chap [Nick Szabo].”

Nevertheless, Szabo has denied being Satoshi. In a July 2014 email to Frisby, he reportedly stated:

“Thanks for letting me know. I’m afraid you got it wrong doxing me as Satoshi, but I’m used to it.”

Hal Finney

Hal Finney

Suspect credentials: an American cryptographic pioneer who died in 2014 at the age of 58

Source: Andy Greenberg, Forbes (who eventually denied his own assumption)

On March 25, 2014, Forbes journalist Andy Greenberg published an article on Dorian Nakamoto’s alleged neighbor, a pre-Bitcoin cryptographic pioneer named Hal Finney, who received the very first BTC transaction from Nakamoto.

Interestingly, Greenberg reached out to the writing analysis consultancy Juola & Associates and asked them to compare a sample of Finney’s writing to that of Satoshi Nakamoto. Reportedly, they found that it was the closest resemblance they had yet come across — including the other candidates suggested by Newsweek, Fast Company and New Yorker journalists, along with Ted Nelson and Skye Grey. However, the company established that Nakamoto’s emails to Finney more closely resemble the style that the original white paper was written in when compared to Finney’s emails.

Greenberg suggested that Finney may have been a ghostwriter for Nakamoto, or that he used his neighbor Dorian’s identity as cover. Finney denied he was Satoshi. Greenberg, after meeting Finney in person, seeing the email exchanges between him and Nakamoto, and his Bitcoin wallet’s history, concluded that Finney was telling the truth.

On Aug. 28, 2014, Hal Finney died at his home in Phoenix at the age of 58 after five years of battling amyotrophic lateral sclerosis.

Craig Wright

Craig Wright

Suspect credentials: a 48 year-old Australian computer scientist and businessman

Sources: Andy Greenberg, Gwern Branwen, Wired; Craig Wright (himself)

On Dec. 8, 2015, Wired published an article written by Andy Greenberg and Gwern Branwen that argued an Australian academic named Craig Steven Wright “either invented bitcoin or is a brilliant hoaxer who very badly wants us to believe he did.”

On the same day, Gizmodo ran a story that featured documents allegedly obtained by a hacker who broke into Wright’s email accounts, claiming that Satoshi Nakamoto was a joint pseudonym for Craig Steven Wright and his friend, computer forensics analyst and cyber-security expert David Kleiman, who died in 2013.

Wright promptly took down his online accounts and disappeared for several months until May 2, 2016, when he publicly declared that he is the creator of Bitcoin. Later on the same month, Wright published an apology along with a refusal to publish the proof of access to one of the earliest Bitcoin keys. Cointelegraph has published several articles on why Wright is most likely not Satoshi. Nevertheless, Wright continues to claim that he is Satoshi to this day.

In February 2018, the estate of Dave Kleiman filed a lawsuit against Wright over the rights to $5 billion worth of BTC, claiming that Wright defrauded Kleiman of virtual currency and intellectual property rights.

Neal King, Vladimir Oksman and Charles Bry

Neal King, Vladimir Oksman and Charles Bry

Suspects credentials: U.S. and German residents, occupancy and age unknown

Source: Adam Penenberg, Fast Company

In October 2013, journalist Adam Penenberg penned an article for Fast Company, where he cited circumstantial evidence suggesting that Neal King, Vladimir Oksman and Charles Bry could be Nakamoto. King and Bry reportedly live in Germany while Oksman was claimed to be based in the U.S.

Penenberg’s theory revolves around the claim that King, Oksman and Bry jointly filed a patent application that contained the phrase “computationally impractical to reverse” in August 2008, which was also used in the white paper published by Nakamoto in October that year. Moreover, the domain name bitcoin.org was registered three days after the patent was filed.

All three men denied being Nakamoto when contacted by Penenberg.

Elon Musk

Elon Musk

Suspect credentials: a 47 year-old American technology entrepreneur

Source: Sahil Gupta, SpaceX intern

In what seems as one of the most absurd Nakamoto theories to date, Sahil Gupta, who claims to be a former intern at SpaceX, wrote a Hacker Noon post speculating that Elon Musk was probably Satoshi Nakamoto. Gupta emphasized Elon Musk’s background in economics, experience in production-level software and history of innovation to speculate that Musk could have invented Bitcoin.

The post was published in November 2017 and was soon disproved by Musk himself, who tweeted that Gupta’s suggestion “is not true.”

Satoshi Nakamoto

Government Agency

While there is no actual evidence that Nakamoto is a government agency, it makes for a great conspiracy theory that contains a vast amount of reasons as to why the U.S. (or any other state) would want to create Bitcoin. For instance, a 2013 Motherboard article theorized: “Bitcoin could be used as a weapon against the US dollar. It could be used to fund black ops.”

It then suggested a theory “that Bitcoin is actually an Orwellian vehicle that would allow governments to monitor all financial transactions.”

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Hodler’s Digest, Nov. 26—Dec. 2: Satoshi Makes a New Friend, Buterin Gets Negative Over Centralized Blockchains

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

Top Stories This Week

Nasdaq Notes Bitcoin Futures Could Launch in Quarter 1 2019, Bloomberg Reports

Major U.S. stock exchange Nasdaq still intends to launch Bitcoin futures, and may do so in the first quarter of 2019, according to “two people familiar with the matter.” Speaking to Bloomberg this week, the two unnamed sources note that Nasdaq has been “working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission [CFTC], before launching the contracts.” Later in the week, it was revealed that Nasdaq had partnered with U.S. investment firm VanEck to jointly launch a set of “transparent, regulated and surveilled” digital assets products, a move that supports the unnamed sources’ claims.

Ohio Poised to Become First US State to Accept Bitcoin for Taxes

The U.S. state of Ohio is set to become the first state to accept Bitcoin (BTC) as a tax payment. According to the Wall Street Journal, the decision will at first only apply to business, but there are plans in place to extend the crypto option to individual taxpayers in the future. Beginning this week, the WSJ notes that all Ohio-based businesses will be able to register to pay their taxes in BTC, which will then be processed through crypto payments service BitPay.

Vitalik Buterin: Blockchain Tech Isn’t as Applicable in Every Industry as People Think

Ethereum (ETH) co-founder Vitalik Buterin said this week in an interview that the misapplication of blockchain technology in some industries leads to “wasted time.” Buterin noted that although there are a high number of companies that try to establish higher standards and transparency by using blockchain tech, he does not believe that blockchain can be applied usefully in every industry. Buterin specifically criticized the proprietary nature of corporate blockchain projects from tech giants like IBM, noting that crypto and cross-border payments are suitable industries for the technology’s use.

US Securities Regulator Charges Floyd Mayweather Jr., DJ Khaled for Illegal ICO Promotion

The U.S. Securities and Exchange Commission (SEC) has charged professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled (known as DJ Khaled) for unlawfully advertising Initial Coin Offerings (ICOs). The SEC found that Mayweather did not disclose receiving payments for promoting three ICOs (including $100,000 from Centra Tech), while DJ Khaled failed to disclose a $50,000 payment from the same crypto startup. In May, Centra’s three co-founders had been formally indicted for running a fraudulent $32 million ICO in 2017.

Bitcoin Creator Satoshi Nakamoto’s P2P Account Goes Live, Posts One-Word Update

Anonymous Bitcoin (BTC) creator Satoshi Nakamoto’s P2P Foundation account became active this week, posting a one-word status and adding a Brazilian user to his friend list. The profile, which is associated with an email that had previously been hacked, has been offline since Nakamoto withdrew from online activity in late 2010. The one word post — “nour” — has no obvious meaning: a Google search finds an Urban Dictionary post for “the most loving, affectionate and caring person you’ll ever meet,” while the word also is a transliteration of the Arabic and Ancient Hebrew for “light” or “life.”

Most Memorable Quotations

Most Memorable Quotations

Vitalik Buterin

“I don’t understand this deeply, but the detail that jumped out at me is they’re saying ‘Hey, we own all the IP and this is basically our platform and you’re getting on it.’ And like, that’s… totally not the point….” — Ethereum (ETH) co-founder Vitalik Buterin, speaking out the corporate blockchain projects

Tom Lee

“If you’ve got time, it will arise. It will not happen within three months, or one year, but in two to three years, and this is the golden time to be in crypto,” — Tom Lee, major Wall Street crypto bull and co-founder of Fundstrat Global Advisors

Josh Mandel

“I do see [Bitcoin] as a legitimate form of currency,” — Ohio state Treasurer Josh Mandel, speaking about adding a BTC tax payment option

Laws and Taxes

Laws and Taxes

Liechtenstein Cryptoassets Exchange Receives “Business License” From Regulator

The Liechtenstein Ministry of Economic Affairs has reportedly given a “business license” to professional traders-focused Liechtenstein Cryptoassets Exchange (LCX). According to the business, the license is a “milestone” in developing a “fully regulated blockchain ecosystem,” targeting institutional and professional investors. The firm now plans to apply for a Financial Market Authority (FMA) license, as well as other regulators’ approvals to trade security tokens among other offerings.

US SEC Chairman Jay Clayton Reiterates Strict Stance on ICO, ETFs

Jay Clayton, the chairman of the U.S. Securities and Exchange Commission (SEC), implied this week how the regulator is maintaining its strict stance of Initial Coin Offering (ICO) compliance. In an interview, Clayton noted that there was still a need to conduct public token sales to U.S. customers while following SEC guidelines. Clayton refused to comment on the SEC’s  pending decision on whether to allow Bitcoin exchange-traded funds (ETFs) to launch, noting only “we’ve been clear on some of the issues that are of concern to us.”

Malaysia Plans to Create Crypto Regulation by Quarter 1 2019, Says Finance Minister

According to Malaysia’s finance minister, the country will develop regulations for cryptocurrency and Initial Coin Offerings (ICO) in Q1 2019. Finance Minister Lim Guan Eng stated that the country’s regulator, the Securities Commission (SC), had given him the timeframe for the regulations, which will form “part of the SC’s efforts to facilitate alternative fundraising avenues and new investment asset classes.” Also this week, the minister noted that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM).

Adoption

Adoption

Coinbase Launches Over-the-Counter Trading for Institutional Investors

Major U.S. crypto exchange and wallet provider Coinbase revealed this week that they have launched over-the-counter (OTC) trading for institutional customers. In contrast to trading through a crypto exchange itself, OTC crypto trading will allow institutional investors to conduct direct trades between each other. Head of Sales at Coinbase Christine Sandler noted that the decision to open OTC trades came at a time of increased demand for the service from institutional players, who consider leveraging both exchange and OTC business as a “huge benefit” to their customers.

CLSNet Blockchain Payment Netting Service Launches With Big Banking Clients

U.S. forex exchange (FX) settlement giant CLS’ blockchain payment netting service went live this week, with Goldman Sachs and Morgan Stanley as some of the initial users of the service, which was built in conjunction with IBM. The blockchain netting service, which is described as the “first global FX market enterprise application running on blockchain in production,” also has “committed” participation from six international entities including the Hong Kong branch of the state-run Bank of China.

Abu Dhabi-Based Bank Completes “First” Sukuk Transaction on Blockchain

Al Hilal Bank, based in Abu Dhabi, the United Arab Emirates (UAE), has announced it has completed “the world’s first sukuk transaction” with the use of blockchain technology. Sukuk is a legal instrument, also referred to as “sharia compliant” bonds, which allows investors to generate returns without infringing on Islamic law. The sukuk transaction was worth a reported $1 million, sold by Al Hilal to a private investor with the participation of Swiss-based fintech company Jibrel Network, which has offices in Dubai.

Bahrain Finance Training Institute Launches Blockchain Academy

The Bahrain Institute of Banking and Finance (BIBF) announced the launch this week of what it claims to be the country’s first “Blockchain Academy.” The BIBF established in Bahrain in 1981 by approval of the Specific Council for Vocational Training, is an unregistered non-profit semi-government entity that provides training in the financial sector. The Blockchain Academy, according to the announcement, is designed to prepare participants to earn the international qualification of Certified Blockchain Professional C|BP and was developed by both the BIBF and Dubai-based training firm MyLearning Key.

Amazon Debuts Two New Blockchain-Related Products

E-commerce giant Amazon has announced the launch of two new blockchain-related services this week: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. QLDB is a ledger database, overseen by a central trusted authority, that will provide a transparent, immutable, and cryptographically verifiable log of transactions, while the Amazon Managed Blockchain can operate with QLDB, allowing users to adjust and manage a scalable blockchain network.

Mergers, Acquisitions, and Partnerships

Mergers, Acquisitions, and Partnerships

“Code of Conduct” Association Launched for Crypto by Ten Blockchain, Fintech Firms

Ten financial and technology firms have established an Association for Digital Asset Markets (ADAM) in order to create a “code of conduct” for the cryptocurrency sector. Among the founding members of the organization include Mike Novogratz’s crypto merchant bank Galaxy Digital, global financial services firm BTIG, fintech firm Paxos — of recently-launched stablecoin PAX — and crypto liquidity solutions provider GSR. The group plans to work with regulators to create “comprehensive standards” for digital asset market participants.

Nasdaq and VanEck Partner to Release “Regulated, Surveilled” Digital Assets Products

Nasdaq, the world’s second largest stock exchange, and the U.S. investment firm VanEck have announced a partnership to launch a set of “transparent, regulated and surveilled” digital assets products together. The partnership, announced via a tweet and then at a New York crypto conference, supposes that the new products would use Nasdaq’s SMARTS Market Surveillance system, alongside VanEck’s MVIS digital asset pricing indices.

Microsoft Japan and LayerX Partner to Increase Domestic Blockchain Use

The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology in Japan. LayerX was created in August as a joint project between news curation app Gunosy and advisory service AnyPay, and sees blockchain integration for enterprise, including the application of smart contracts and general consulting. Using Microsoft’s Azure Blockchain-as-a-Service (BaaS) solution, the companies will work together to promote broader applications of blockchain.

ASUS Partners With GPU Mining Platform to Let Users Mine Crypto via Graphics Cards

Taiwan-based tech giant ASUS and GPU mining platform Quantumcloud have formed a partnership in order to allow users to mine crypto via their graphic cards. Per the terms of the partnership, owners of ASUS graphic cards will be able to mine crypto through Quantumcloud software and withdraw earnings using PayPal or Chinese app WeChat. Quantumcloud noted that it doesn’t guarantee profits, and that users need to consider usage costs on their own.

Funding Rounds

Funding Rounds

Blockchain Capital Leads Almost $13 Mln Funding Round for U.S. Securities Token Startup

Blockchain Capital has led a $12.75 million Series A funding round for American securities tokens startup Securitize this week. The platform, which enables the issuances of digital securities — or security tokens — of any asset, also had  Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple participate in the funding round. Blockchain Capital’s co-founder and managing partner Brad Stephens will join Securitize’s Board of Directors.

Decentralized Exchanges Completes $15 Mln Funding Round with Huobi and OKCoin

BHEX Exchange, a decentralized crypto exchange, finished a $15 million funding round this week with support from major exchanges like Huobi and OKCoin. According to BHEX, the new funding round also included support from Genesis Capital, among others. BHEX’s investment subscription has purportedly attracted over 70 investment institutions, while Blue Helix selected 40 to participate in the first round of investment.

Winners and Losers

Winners and Losers

Winners and Losers

The crypto markets are slightly in the green at the end of the week, with Bitcoin trading at $4,128.16, Ripple at $.37, and Ethereum at $116.48. Total market cap is around $134 billion.

The top three altcoin gainers of the week are FREE Coin, Etheera, and RabbitCoin. The top three altcoin losers of the week are ZeusNetwork, Cyber Movie Chain, and TRONCLASSIC.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

FUD of the Week

FUD of the Week

Bitmain Sued for $5 Mln For Alleged Unauthorized Mining at Clients’ Expense

Crypto mining giant Bitmain is facing a class action lawsuit of $5 million that alleges the company mined crypto for its own benefit while its customers’ devices were in the process of setting up. According to the lawsuit, Bitmain is benefitting from the the lengthy “initialization” period that its ASIC [Application-Specific Integrated Circuit] devices need for set up. The plaintiff claims that the company’s ASIC devices are “preconfigured to use its customers’ electricity to generate crypto currency for the benefit of Bitmain rather than its customers.”

US Treasury Adds Crypto Addresses of Two Iranians to Sanctions List Over BTC Ransomware

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, including their Bitcoin addresses in a first for putting crypto addresses on a sanctions list. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused of exchanging Bitcoin into Iranian rials (IRR) associated with the scheme. OFEC has managed to identify two crypto addresses associated with the alleged Iran-based criminals, with 7,000 transactions in Bitcoin and around 6,000 BTC moved since 2013.

Bulgarian Prosecutors Detain Three Hackers Who Reportedly Stole $5 Mln in Crypto

Bulgaria’s Gendarmerie forces and specialized prosecutors have arrested three hackers allegedly involved in stealing $5 million in crypto this week. According to the investigation, the hackers used new methods and advanced computer skills, including specialized hardware, in the scam. The investigation, which began five months ago, has ended with the police seizing cryptocurrencies worth around $3 million, as well as computers, flash drives, and a hardware portfolio for storage of crypto data.

Novogratz’s Galaxy Digital Lost $136 Mln During First Three Quarters of 2018

According to a report from Bloomberg this week, Mike Novogratz’s crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018. The banks realized and unrealized losses in Q3 amounted to $41 million, and the firm’s share price also dropped to a record low after tumbling 55 percent this month. Galaxy Digital explained the loss by pointing to the falling prices of Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH), calling the lack of crypto trading volumes a “headwind” to success.

Zug Court Shuts Down Crypto Mining Firm Over Unregistered Initial Coin Offering

The cantonal court in Zug, Switzerland, has shut down cryptocurrency mining firm Envion AG for offering an allegedly unauthorized Initial Coin Offering (ICO). Envion, a Swiss-based off-grid mining company that touts itself as using decentralized, clean energy like hydroelectric and solar to power its mobile mining units, raised around $100 million through its mid-January ICO this year. The funding led to a conflict between the two partners at Envion, resulting in a court trial. This week, the court ruled to liquidate the firm, while noting the complete absence of any auditing function or board.

Prediction of the Week

Prediction of the Week

Civic CEO Believes Bitcoin Will Trade Range-Bound for “Three to Six Months”

According to Vinny Lingham, the CEO of identity management startup Civic, Bitcoin’s (BTC) price will remain range-bound between $3,000 and $6,000 for the next three to six months. Speaking on CNBC’s “Fast Money,” the CEO noted that it is doubtful that the coin will break down the support level of $3,000 since there is “a lot of buying in the short term around that mark.”

Best Cointelegraph Features

Best Cointelegraph Features

Ohio to Accept Tax Payments in Crypto — Setting the Standard for Future?

Ohio state is looking to become the first in the U.S. to let businesses, and possibly later individuals, to use cryptocurrencies to pay for taxes. Cointelegraph spoke to Ohio’s State Treasurer Josh Mandel, the person responsible for the initiative, about how he sees the state becoming more of a blockchain hub as well.

Trezor One Wallets Forgery Reveals New Techniques Used to Steal Crypto

Last week, Trezor, one of the leading crypto hard wallets, reported that one-for-one copies of their devices had been found, and warned customers to be careful of purchasing Trezors from unreliable sellers. The key difference between the real and fake Trezors? A holographic sticker on the box, which some critics say is too weak as a security measure.

ABC vs SV: Assessing the Consequences of the Bitcoin Cash War

The Bitcoin Cash (BCH) hard fork took place on Nov. 15, but the consequences are far reaching. Bitcoin ABC, which was backed by both BCH advocate Roger Ver and Bitmain founder Jihan Wu, ended up winning the allegiance of the majority of exchanges, but Bitcoin SV is far from being dead.

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