This Week in Bitcoin: Still Ways to Make Quick Fortune in Crypto, Satoshi Revealed'
This week we learned that there are still ways to make a quick fortune in crypto even when the market isn’t booming and that American universities are now investing in crypto hedge funds. We also reported that researchers think they found out the real identity of the inventor of bitcoin, Satoshi Nakamoto, in this week’s most commented-on article.
Also Read: Estonia Grants Licenses for Wallet and Exchange Services to Coin Metro
Ticketfly Hijacked by Hacker
On Monday we reported that Ticketfly has been attacked by a hacker who breached its website and demanded a ransom in bitcoin to release it. The event-ticketing platform was still trying to recover from the 'cyber incident.' The supposed hacker claimed to have warned Ticketfly of a vulnerability that allowed him to take control of its database and website. The hijacker asked for 1 bitcoin (BTC) to explain the issue in details but did not receive a reply. After no ransom was paid, the attacker posted the user data online. Additionally covered were another 51% attack on Zencash and Avalon Blockchain unwinding its acquisition of crypto mining assets.
Wozniak Wants Bitcoin to Rule the World
German Banks and US Universities Invest in Crypto
On Wednesday we reported that both American academic institutions and German financial institutions are now involved with cryptocurrency. At least six banks in Germany trade cryptocurrencies, the country's Federal Ministry of Finance revealed in an answer to a question filed by Bundestag member. And US universities have started making small investments into cryptocurrency hedge funds, according to a lawyer working in the industry, getting involved on a limited basis for strategic reasons.
New Tech and How to Make a Fortune in Crypto
Microsoft Dips Data Center in the Sea
An interesting development in data center technology, which can signal the next frontier in bitcoin mining, was our focus on Friday. One of Microsoft's data centers is now operating at about 100 ft (~30 m) below the surface of the North Sea, not far from the British Orkney Islands. Project Natick is powered by renewable energy generated by wind, solar, and tidal installations which meet completely the energy needs of the archipelago situated close to the Scottish shore.
Swiss Vote on 'Sovereign Money'
The big story on Saturday was that Switzerland will vote today whether to turn back on fractional-reserve banking and support a 'sovereign money' concept for the nation's finances. Voters are asked to support 'Vollgeld,' a radical reform aimed at further centralizing financial authority in the hands of the country's central bank. On the 'sovereign money' referendum, the Alpine nation will decide whether to ditch the fractional-reserve banking system, which allows banks to create money by lending far more than what they hold in deposits. The proposal is to give the Swiss National Bank a monopoly over this function, while commercial banks will be required to lend only what they have.
Gavin Andresen Is the Real Satoshi Nakamoto'
This Week in Bitcoin Podcast
Catch the rest of this week's news in the This Week in Bitcoin podcast with host Matt Aaron.
What other stories in the bitcoin world caught your attention this week' Share your thoughts in the comments section below.
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