Microsoft to vote on Bitcoin, Peter Todd concealing, and other news: Hodler’s Digest, October 20 – 26

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Peter Todd, a Canadian cryptographer and computer scientist, recently made headlines after claiming he was forced into hiding due to safety concerns following the airing of an HBO documentary. The film alleged that Todd was Satoshi Nakamoto, the mysterious inventor of Bitcoin. Todd has denied these claims but has voiced fears for his safety.

Despite Todd’s denial, the documentary creator is said to have used questionable evidence to support the false idea that Todd is Satoshi. Todd has previously made light-hearted remarks claiming to be Satoshi, much like the iconic “I am Spartacus” moment from the movie.

In other news, Microsoft shareholders will vote in December on whether the company should consider adding Bitcoin to its balance sheet. The proposal suggests that Bitcoin could be a hedge against inflation and corporate bond yields. The push for companies to hold a small portion of assets in Bitcoin has gained momentum, with MicroStrategy’s investment strategy being cited as an example of the potential benefits.

Additionally, the report details the legal case of Eric Council Jr., who pleaded not guilty to charges related to hacking the SEC’s X account and spreading false information about Bitcoin ETF approval. Prosecutors are deciding on further action against Council Jr. and others involved in the breach.

Furthermore, a hacker who stole $20 million from a US government wallet containing seized Bitfinex hack funds returned most of the money within 24 hours. The returned funds included Ether and Aave-staked USDC, with the majority of the total amount being sent back to the government wallet. The motivations behind the attack remain unclear.

Lastly, a homeowner’s lawsuit over a $170,000 crypto theft was rejected on appeal by a US court, with judges ruling in favor of the insurance company. The court stated that there was no error in dismissing the case, highlighting the challenges faced by victims of cryptocurrency scams in seeking legal recourse.

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