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Alleged Bitcoin founder denies involvement

Friday, Mar 07, 2014 - 01:07

March 7 - A reclusive Japanese American suspected being the 'father' of Bitcoin emerged from his California home, denies any involvement with the digital currency. Gavino Garay reports.

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The Japanese American man suspected of being the mind behind Bitcoin digital currency denies any involvement. (SOUNDBITE) MAN SUSPECTED OF BEING SATOSHI NAKAMOTO LEAVING HOME AND GETTING INTO CAR "Okay, I'm not involved in Bitcoin." His Southern California home is relatively modest. (NATURAL SOUND) On Thursday, Newsweek magazine published a story that said the suspected multi-millionaire 'father' of bitcoin, Satoshi Nakamoto, lived in Temple City, California -- and it included a photo. Nakamoto is a name well known to bitcoin traders around the world, but he's largely remained ananymous. Bitcoin is a digital currency that, unlike conventional money, is bought and sold on a peer-to-peer network. In recent weeks, bitcoin's value has been put into question following the bankruptcy filing by major bitcoin exchange Mt. Gox. Critics say it's a risky, unregulated investment. The total worth of minted bitcoins is now estimated to be about $7 billion.

Alleged Bitcoin founder denies involvement

Friday, Mar 07, 2014 - 01:07

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