The NSA didn’t invent the name “bitcoin” but it was one of the first organizations to describe a Bitcoin-like system. In 1996, the intelligence organization published a paper titled, How to Make a Mint: the Cryptography of Anonymous Electronic Cash. The proposed system would work very much like Bitcoin, establishing a secure and distributed system for financial transactions. Almost a decade later, someone using the name Satoshi Nakamoto published a […]
A new form of digital currency has appeared recently. It has been available for about six years but many people have not heard about it or else do not understand it. In the past year or two, publicity has increased, and now tens of thousands of computer users are using this new payment method to purchase everything from coffee and doughnuts to illegal drugs or to pay for charitable donations […]
The Bitcoin Foundation announced on Thursday that Jon Matonis, one of the foundation’s founding board members, was stepping down as its executive director, effective on Friday. Mr. Matonis will remain on the foundation’s board until Dec. 31. Mr. Matonis, who was named executive director in July 2013, will be succeeded by Patrick Murck, the foundation’s general counsel.