fortune: Now we know more. Dotcom, a German-Finnish man living in New Zealand and currently fighting extradition to the U.S. over copyright-infringement charges, tweeted Friday that the transfers taking place over Megaupload would be linked to very small bitcoin transactions. by David Meyer
'This system will be called Bitcache and Dotcom claimed its launch would send the bitcoin price soaring way above its current $575 value.
'The launch of Megaupload 2.0 will take place on Jan. 20, 2017, he said, urging people to “buy bitcoin while cheap, like right now, trust me.” Bitcoin’s value fell sharply this week after a $72 million theft from the Hong Kong exchange Bitfinex, though it subsequently bounced back to a degree.'