Programmer forgot his password and would lose 4 billion pesos in bitcoins.

Many years ago, Stefan Thomas lost the paper he wrote on the key to unlock the digital wallet; now, after 8 failed attempts, a programmer from San Francisco, USA will lose more than 7 times for forgetting the access code. Thousands of bitcoins and Stephen Thomas risks paying millions of dollars.

In 2010, Stefan Thomas was paid 7002 Bitcoins for an explanatory video about the cryptocurrency. Today he will lose more than 240 million dollars in wealth, which is equivalent to more than 4 billion pesos. The protection and confidentiality of Ironkey (used to store passwords to unlock the hard drive of the digital wallet) allows 10 write attempts. In case the attempt fails, the amount stored in the account will not be recovered.

Because of health, Stephen Thomas decided to give up Since the chance of remembering the password is very small, Stefan Thomas decided to store the hard drive in a safe and memorable place, hoping that in the future, experts will find a way to unlock a digital wallet with a lost password. In addition, the programmer admitted that the reason for his decision to give up was that the stress and anxiety attacks he often experienced were affecting his health.

I got to a point where I said to myself, 'Let it be in the past, just for your own mental health.

Stefan Thomas

Chainalysis, the company responsible for analyzing bitcoin data, said Stefan's case was linked to hundreds of people who also lost their assets because they forgot their passwords. It is estimated that about 20% of existing bitcoins are stranded.

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The price of bitcoin.

As the first cryptocurrency to be launched on the market, its rudeness and the introduction of blockchain technology have brought revolutionary changes, and Bitcoin firmly leads the CoinMarketCap list. The ranking of the best cryptocurrencies is based entirely on market capitalization, because it is the best way to measure the economic dimensions of each digital currency. Bitcoin's advantage is that it develops independently and its capital has increased from zero to more than 100 billion today.

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It is the most famous and widely used cryptocurrency in the world, Bitcoin, and has maintained a continuous upward trend.Due to the growing interest of institutional investors, yesterday Bitcoin reached a new high of almost $ 42,000, and they considered it as a safe haven. ... inflation.

According to Bloomberg data, the amount of cryptocurrencies linked to various registries reached $ 41,981 in one week, although the transaction price was approximately $ 40,800 at the close of this article. Compared to USD 7,200 in January 2020, this figure has increased by 480%.

Since the beginning of the year, this cryptocurrency has soared: it surpassed $ 33,000 on January 2 and reached $ 35,000 last Sunday. However, it can be said that this trend started in mid-December, when it broke the $ 20,000 level for the first time. From that moment on it did not stop rising.

Then, on Dec. 19, it broke the $ 24,000 mark; on Dec. 26, the price shot up to $ 27,000; a day later, it surpassed $ 28,000.