$50k Worth Bitcoin Puzzle Solved

Unnamed programmer encrypted the code of BTC wallet with 4.87 BTC, encrypted in the painting
07 February 2018   1220

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However, on February 1, the entire amount from the encrypted bitcoin wallet 1FLAMEN6 was withdrawn.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 Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.