Bitcoin Roundup May 5, 2016

Craig Wright U-turns on pledge to provide evidence he invented bitcoin | Technology | The Guardian

Craig Wright, the Australian computer scientist who claimed to be Satoshi Nakamoto, the creator of bitcoin, has backtracked on a pledge to provide proof of his earlier claims. Despite promising on Tuesday that he would be offering “extraordinary evidence” to verify his claim that he is really Satoshi Nakamoto, Wright wiped his blog on Thursday, replacing it only with a message headlined: “I’m Sorry.” 

Did Craig Wright invent bitcoin? It doesn’t matter.

Satoshi Nakamoto is the mysterious inventor of the cryptocurrency bitcoin. The name could represent anyone or a group of people, and since bitcoin’s creation in 2008, there have been a lot of theories about who Nakamoto really is. A lot. Most recently, Wired and Gizmodo presented evidence in December that Nakamoto was Australian computer scientist Craig Wright. People raised doubts at the time, but on Monday, BBC News, the Economist, and GQ all published Wright’s own claim that he is in fact Nakamoto. 

Winklevoss Twins Get NY Nod to Add Ether to Bitcoin Exchange – Bloomberg

Cameron and Tyler Winklevoss’s Gemini Trust Company LLC has gotten a New York State regulator’s blessing to trade another kind of cryptocurrency on its bitcoin exchange. 

The 5 biggest bitcoin and blockchain announcements at Consensus – Yahoo Finance

The big bitcoin conference Consensus descended on Manhattan this week, and a number of significant companies chose it as a venue to announce news. (The ability to own and oversee Consensus was one of the driving factors in the Digital Currency Group’s acquisition this year of bitcoin news site CoinDesk, which created the conference.) 

Bitcoin Price Tipping Point – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin price bounces from lower high to lower high as the buyers rejoice in their buying opportunity prior to a rally to the moon. The chart has been keeling into decline and the social mood is negative. But buying, at all costs, it seems, is still the norm. 

This teen made $100,000 in bitcoin and now he’s crowdfunding a VR headset

His grandma gave him $1,000 when he was 13 years old, and he invested it in bitcoin. A year and a half later, he cashed out, netting $100,000. At 15, he turned that into Botangle, an online tutoring service. 

Exploring the Centralization Risks of Bitcoin’s Lightning Network | Bitcoin Magazine

For the vast majority of Bitcoin Core contributors, theLightning Network is viewed as the best option for scaling Bitcoin to many millions of new users. But the system has not yet been implemented on the Bitcoin blockchain, which has left many to wonder whether it is wise to put so much hope and reliance behind an untested solution. 

Lawyers Argue Bitcoin Needs Change in Money-Transmitting Laws – CoinDesk

The lawyer representing Anthony Murgio in an ongoing case regarding his now-closed firm Coin.mxargued today why he thinks the law being used to prosecute his client needs to be changed. 

Bitcoin Price Technical Analysis – Eyes on Triangle Resistance!

The 100 SMA is below the longer-term 200 SMA, confirming that the path of least resistance is to the downside and that the triangle resistance near $450 is likely to hold. In addition, the 200 SMA lines up with the top of the triangle as a dynamic resistance level. 

Scenes from a Visit to a Secret Chinese Bitcoin Mine – CCN: Financial Bitcoin & Cryptocurrency News

BBC reporter Danny Vincent visited a bitcoin mine in China that reportedly mines up to $8 million per year. Vincent was invited to tour the mine under the condition that its location remains confidential. 

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