Tag Archives: bitcoin

Hackers demanding bitcoin ransom attack Atlanta city computers

Hackers demanding bitcoin ransom attack Atlanta city computersHackers demanding ransom payable in bitcoin have attacked computers of the Atlanta city government in the southern US state of Georgia, officials say. The ransomware assault shut down multiple internal and external applications for the city, including apps that people use to pay bills and access court-related information, Mayor Keisha Lance Bottoms told a news conference Thursday. A ransom note sent to the city gave instructions for paying to free up files encrypted by the hackers.



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Bitcoin Price Drops Below $9,000 as Cryptocurrency Has Lost Half of Value

Bitcoin Price Drops Below $  9,000 as Cryptocurrency Has Lost Half of ValueNot a great way to kick off February.



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Ukraine kidnappers free bitcoin analyst after $1 mln ransom paid

Ukraine kidnappers free bitcoin analyst after $  1 mln ransom paidBy Pavel Polityuk KIEV (Reuters) – Kidnappers in Ukraine have released an employee at a United Kingdom-registered cryptocurrency exchange after getting more than $ 1 million in bitcoins as ransom, an adviser to the Ukrainian interior minister told Reuters on Friday. Pavel Lerner, a leading analyst and blockchain expert, was abducted by unknown masked people on Dec. 26, according to a statement by his company, EXMO Finance, on its website. “This is the first such case in Ukraine linked to bitcoins,” Anton Gerashchenko, an adviser to Interior Minister Arsen Avakov, said in a phone text message.



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Bitcoin plunges as investors suffer 'reality check'

Bitcoin plunges as investors suffer 'reality check'Bitcoin prices plunged by more than 20 percent on Friday as investors cashed out just before Christmas following the wildly volatile currency’s stratospheric rise in recent weeks. The precipitous drop came after a series of warnings by analysts and governments about a bubble that could burst at any moment as investors, many inexperienced, piled into the unit hoping to enjoy some of the eye-watering gains. The controversial cryptocurrency, which is not backed by any central bank, stood at $ 12,840 near 1815 GMT from its Thursday price of $ 16,563.



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Bitcoin suffers dramatic price plunge in Asia

Bitcoin suffers dramatic price plunge in AsiaBitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $ 19,500 at the start of the week, took a hit as it emerged that South Korean exchange Youbit had been hacked, leading the firm to say it will close and start bankruptcy proceedings, according to Bloomberg News. The Crypto Company’s share price had risen 1,700 percent between the end of September and Monday evening before the Securities Exchange Commission intervened to halt trades until January 4.



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Hackers Steal $70 Million in Bitcoin

Hackers Steal $  70 Million in BitcoinIn a theft on the cryptocurrency-mining service NiceHash, hackers made off with nearly $ 70 million worth of Bitcoin.



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Bitcoin Is Skyrocketing and it Just Hit $17,000

Bitcoin Is Skyrocketing and it Just Hit $  17,000After gaining more than $ 5,000 in days



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Bitcoin loses over a fifth of its value in less than 24 hours

Bitcoin loses over a fifth of its value in less than 24 hoursThe cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $ 9,000 exactly, marking a fall of well over $ 2,000 in under 24 hours. “Naturally a few of the early bitcoin traders are taking some profits off the table,” said Charles Hayter, founder of CryptoCompare.com. The latest fall has tempered an astronomical rise for the cryptocurrency in recent months – bitcoin was up almost 1,100 percent year-to-date on Wednesday.



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Bitcoin is 'Enron in the making', Saudi Prince Alwaleed says

Bitcoin is 'Enron in the making', Saudi Prince Alwaleed saysBillionaire Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, expressed skepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like “Enron in the making”. Prince Alwaleed, whose company invests in major U.S. companies such as Citigroup and Twitter, said a lack of regulation made such cryptocurrencies risky. It’s Enron in the making,” he said, referring to the U.S. energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud.



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Bitcoin Cash Launches, Bitcoin's Future Unclear

Bitcoin Cash Launches, Bitcoin's Future UnclearPolitics will probably define the future of bitcoin.



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