$50k Worth Bitcoin Puzzle Solved

Unnamed programmer encrypted the code of BTC wallet with 4.87 BTC, encrypted in the painting
07 February 2018   1680

Wishing to remain anonymous, the programmer deciphered the secret code of the bitcoin wallet, which Robot Myers, the cryptographer, as early as 2015 placed in the picture TORCHED H34R7S, later called "The Legend of Satoshi Nakamoto." As a reward for his efforts, an unnamed hero received 4.87 BTC, reports Motherboard.

At first, programmers and enthusiasts tried to solve the problem collectively at the Bitcointalk forum. Now in the corresponding thread about 74 pages of comments with different options, most of which have occurred in the last two years.

However, on February 1, the entire amount from the encrypted bitcoin wallet 1FLAMEN6 was withdrawn. This served as a signal to the fact that the puzzle was finally solved.

The 30-year-old winner refused to disclose his name, claiming that it is "unsafe to own the bitcoins" in his country. He said that he is fond of cryptography with his wife. In the picture they found a reference to the work of William Shakespeare "Phoenix and the dove."

Encryptor sorted out that the picture encodes a string of binary code, the symbols of which correspond to one of the flames in the flame along the edges of the canvas. The color and shape of each determined a piece of four characters that complemented the code hidden in the ribbons in each of the corners. Then he used a handwritten program in Java, which translated a string of zeros and ones to the bitcoin-wallet code.

It is worth noting that the man joined in the solution of the cipher a little more than a month ago and, by his own admission, he could not move for a long time until he got a picture in 4K-resolution.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   98

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.