Ever since the exposure of Silk Road, and its subsequent take down after doing around $2 billion in business, Bitcoin has been making waves in news outlets around the world. While Bitcoin may not be the very first cryptocurrency ever created, it is undoubtedly by far the most well known. As with many new and […]
If you have any interest in financial matters whatsoever, chances are that you have heard of Bitcoin. Starting with its development in 2009, Bitcoin is considered to be the first true “cryptocurrency,’ in that it has no real-world counterpart and is not regulated by any government. While online purchases made in the same country are […]
In 2009, Kristoffer Koch invested 150 Kroner ($26.60) in 5,000 bitcoins after he discovered them while writing a thesis on encryption. In April 2013, following the widespread media coverage of the peer-to-peer digital currency he remembered about his invested bitcoins. Stored in encrypted wallets, with a private key Koch had forgotten all about them. After […]