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Updated May 02, Australian tech entrepreneur Craig Wright, long-suspected of having created cryptocurrency Bitcoin, has confirmed his identity to three publications, ending years of speculation. In an interview with the BBC, Dr Wright provided proof to back up his claim using digitally signed messages and cryptographic keys known to be owned by Bitcoin's creator. Bitcoin is a digital cryptocurrency that is decentralised and operates using a peer-to-peer network.
Bitcoin is essentially a code that is traded between two people, with the transaction confirmed by other users on the peer-to-peer network and added to the continuous "blockchain" — a public ledger of all Bitcoin transactions. It was created by someone under the pseudonym of Satoshi Nakamoto, an alias now claimed by Dr Wright. Prominent members of the Bitcoin community and its core development team also confirmed his claim.
The treatment of bitcoins for tax purposes in Australia has been the subject of considerable debate. The ATO ruled in December that cryptocurrency should be considered an asset, rather than a currency, for capital gains tax purposes. Dr Wright said the raid led to many more journalists and others pursuing him and the people he knows, to their detriment.
Dr Wright told a Bitcoin Investor Conference last year that he was "a former academic who these days does research commercially, which no-one ever hears about". He currently heads up Bitcoin-related businesses, one of which he boasted in May last year controlled one of the fastest super-computers in the world.
First posted May 02, If you have inside knowledge of a topic in the news, contact the ABC. ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. Australia has no policy designating English as the official language, but an explicit "English first" policy for signage would treat speakers of every other language as second-class citizens,.
In a worrying sign for the region, the number of attacks has been on the rise, driven in part by the return of fighters from the frontlines of Islamic State's battles in the Middle East. Houses are going up at such a rapid rate in one part of Sydney that local infrastructure has no way of keeping up unless all future residential proposals are suspended, the State Government says.
Sydney home of 'Bitcoin founder' raided by AFP. The digital currency making millionaires. Bitcoin confession BBC on Facebook. Can't tell a bitcoin from a blockchain? Read our explainer to see how the cryptocurrency works. Key points Bitcoin is a digital currency known as a cryptocurrency The peer-to-peer technology underpinning it is known as the blockchain — a public ledger of all transactions Bitcoins can be stored in a digital wallet and used to buy other currencies or real world goods.
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Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Putting English first Australia has no policy designating English as the official language, but an explicit "English first" policy for signage would treat speakers of every other language as second-class citizens,. The return of IS fighters to SE Asia In a worrying sign for the region, the number of attacks has been on the rise, driven in part by the return of fighters from the frontlines of Islamic State's battles in the Middle East.
Housing outgrowing infrastructure By Angelique Lu Houses are going up at such a rapid rate in one part of Sydney that local infrastructure has no way of keeping up unless all future residential proposals are suspended, the State Government says.
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