The US news magazine Newsweek has issued a statement standing behind its article identifying the bitcoin creator as Satoshi Nakamoto.
"Investigating the identity of Bitcoin founder Satoshi Nakamoto has generated an immense amount of international attention, including denials from Mr Nakamoto," Newsweek said at its website.
But Newsweek said the research conducted by author Leah McGrath Goodman upheld the paper's "high editorial and ethical standards" and that it stood strongly behind her and the article.
On Thursday Newsweek claimed to have solved the mystery surrounding Satoshi Nakamoto, the supposed pseudonym of the person who invented the popular virtual currency in 2009.
It said it discovered that Satoshi Nakamoto is actually not a pseudonym, but part of the real name of the bitcoin inventor. The report identified Dorian Prentice Satoshi Nakamoto as a 64-year-old Japanese-American who lives in California, as the man behind bitcoin.
Newsweek added that he is living a modest life in the Los Angeles suburb, despite controlling a bitcoin fortune worth more than $US400 million ($A441.57 million).
Satoshi Nakamoto changed his birth name to Dorian Prentice Satoshi Nakamoto after graduating from California State Polytechnic University, Newsweek said, citing records filed in 1973 with the US District Court of Los Angeles. Since then he has not used the name Satoshi but instead signs his name Dorian S Nakamoto.
The magazine said it identified Nakamoto by searching all Americans with names similar to the Bitcoin inventor's pseudonym and then checking their backgrounds to see who had the requisite skills to create the cryptocurrency.
It identified Nakamoto, a trained physicist who worked on classified military projects and who is reportedly obsessed with privacy and libertarian ideology, as the most likely individual.
He told Newsweek he was no longer involved in bitcoin and couldn't discuss it.
