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Digging for gold

With bitcoin mining on the rise, will this virtual currency help spouses conceal their wealth in bitter divorce battles, wonders Mei-Ling McNab

18 August 2014

Five years since its creation, bitcoin has apparently attracted about US$500m of investment five years since its creation. Not bad for a virtual currency with a starting value of nil, launched by someone (or a group), known only by the pseudonym Satoshi Nakamoto.

Unlike traditional currencies, bitcoins are not issued by a central bank or backed by any government, and there is no regulated monetary authority involved with all the rigour they demand. In its simplest form, bitcoin relies on the peer-to-peer networking of its users’ computers, who engage in a procedure known as mining (mathematically generating...

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