Craig Wright is trying to prove that he is the digital currency's long-elusive inventor known as Satoshi Nakamoto.
Fundraising page for man identified by the magazine as Bitcoin's creator says magazine's report was "reckless" and caused chaos for his family.
The officers who witnessed a key verbal exchange between a Newsweek writer and the alleged Bitcoin founder have confirmed the accuracy of the account.
Newsweek's cover story on Satoshi Nakamoto has caused a media stir, and the two police officers who witnessed the exchange between the writer and the man she claims is Bitcoins's face are not allowed to comment.
The vaunted news weekly, which goes all digital in 2013, offers an early look at its final print cover.
December 31 will mark the last print edition for the news magazine as it makes the jump to an all-digital format.
In a YouTube video, the man who Newsweek labeled the creator of Bitcoin thanks people for helping him out and maintains, “Satoshi Nakamoto is not me."
Labeled as the creator of Bitcoin by Newsweek, Nakamoto has issued a formal statement "unconditionally" denying those claims.
Newsweek wasn't able to confirm it, but has compiled evidence suggesting Nakamoto is living in the US and is now 64 years old.
Following a Newsweek report naming the creator of the cryptocurrency, the Southern California man tells the AP he hadn't heard of Bitcoin until three weeks ago.