Elon Musk totally didn’t invent Bitcoin, you guys

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Elon Musk wants to make one thing very clear: He did not invent Bitcoin, the monetary bubble cryptocurrency that recently shot up to a $10,000 valuation.

The eccentric, sensitive billionaire denied claims he is secretly Bitcoin’s mysterious creator Satoshi Nakamoto, who has stayed out of the public eye since publishing the paper that outlined the peer-to-peer currency in 2008. 

The theory came in the form of a Medium post by former SpaceX intern Sahil Gupta. Gupta pointed to several factors that pin the invention to Musk, like his background in economics and cryptography as well as his likelihood to adopt a sophomoric alias that serves as an anagram for the phrase “So a man took a shit.” (You might remember the time Musk publicly expressed disappointment when the names of Tesla’s first three vehicles were blocked from spelling out SEX.) Read more…

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Bitcoin is over $9,000

 Well, it’s over $9,000. Even as you recoup from attempting to explain Bitcoin to your family over the Thanksgiving dinner table, the value of the cryptocurrency is growing at an increasingly hefty pace. As of the time of this writing, the value of a single Bitcoin was above $9,143, climbing nearly 6 points in the past 24 hours. At a certain point, news of clearing these incremental… Read More

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How to talk to your Mom and Dad about Bitcoin on Thanksgiving

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“What is this Bitcoin thing?” says your mother as she passes you a hefty bowl of mashed sweet potatoes.

Dad pauses, mid-nibble on a turkey leg to chime in, “Yeah, is that real money?”

Oh God, they want to have The Talk.

Don’t be surprised if you’re confronted with similar questions as you and millions of other digitally savvy millennials and Gen Zers trudge back home for the annual Thanksgiving Day meal.

It’s a time to reconnect with family and for family to try and pick your brain about all the culture and new-fangled technology they still don’t understand. Read more…

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Tether, a startup that works with bitcoin exchanges, claims a hacker stole $31M

 Bitcoin cruised past $8,000 for the first time this week, but it hasn’t been smooth sailing for all after Tether — a company that helps exchanges convert fiat currency to token — said today that a hacker snatched nearly $31 million. Tether operates USDT, a cryptocurrency asset that it backs via the U.S. dollar. The company said that $30,950,010-worth of USDT was taken… Read More

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Bitcoin is about to grow even bigger, using your money (and you won’t even know it)

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First they ignore you, then they laugh at you, then they fight you, then they invest in you.

That’s the scene that bitcoin investors and enthusiasts are facing. After years as an underground digital currency and a running joke in the world of finance, bitcoin is suddenly attracting attention from the people who once called it a scam: the big institutions of finance, who collectively control trillions of dollars.

And it might not even be a matter of “if.” It’s now just a matter of “when.”

“The institutionalization of this space is coming. It’s coming pretty quick,” former hedge fund manager Michael Novogratz said at a recent conferenceRead more…

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