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Mystery Bitcoin creator now one of richest people EVER with staggering $60billion stash Harry Pettit, Senior Digital Technology and Science Reporter Apr 14 2021, 7:35 ET Updated: Apr 14 2021, 7:39 ET THE pseudonymous creator of Bitcoin is now one of the world's richest people. Based on their estimated holdings of the cryptocurrency, Satoshi Nakamoto is believed to be worth over $60billion (£44billion) today. 4 Bitcoin's founder may now be the 19th-wealthiest person aliveCredit: Alamy That would make them the 19th-wealthiest person alive, according to Forbes’ recently updated list of th...

Joanna Ossinger, Bloomberg News VIDEO SIGN OUT The cryptocurrency entrepreneur who spent more than US$69 million for a piece of digital art has a message for speculative buyers of non-fungible tokens: be prepared to lose your money. Vignesh Sundaresan, also known by the online moniker MetaKovan, vaulted into the spotlight last month after paying a record-breaking sum for the NFT of Beeple’s “Everydays: The First 5,000 Days.” As Sundaresan tells it, his motivation wasn’t to make money but to support the artist and showcase the technology. Anyone trying to profit fro...

updated: Mar 09 2021, 22:18 ist By Andrew Ross Sorkin, “Bitcoin uses more electricity per transaction than any other method known to mankind, and so it’s not a great climate thing.” That was what Bill Gates recently told me. At a time when companies and investors increasingly say they are focused on climate and sustainability issues, some of them may be about to collide with the reality of another financial trend, one currently worth about $1 trillion: Bitcoin. The cryptocurrency has become inescapable, with big companies like Tesla and individual investors alike rushing to stock up on ...

As companies and investors increasingly say they are focused on climate and sustainability, the cryptocurrency’s huge carbon footprint could become a red flag.

The annual carbon emissions from the electricity required to mine Bitcoin and process its transactions are equal to the amount emitted by all of New Zealand. Or Argentina.