• A German programmer has 2 chances to guess the password to his hard drive correctly, or he'll lose $220 million

    14 days ago - By Business Insider

    FILE shows the fluctuations in Bitcoin exchange rates at Bitminer Factory in Florence
    Stefan Thomas, a German-born programmer living in San Francisco, told The New York Times he has two chances left to guess his digital password before IronKey seizes his $220 million worth of Bitcoin.
    The Times reported that 20% of existing Bitcoin "appear to be in lost or otherwise stranded wallets."
    After sliding as much as 21% over the last two days, the price of Bitcoin recovered back to around $36,000 on Tuesday.
    Visit Business Insider's homepage for more stories .
    Bitcoin has recorded...
    Read more ...