Tag Archives: Bitcoin

The largest cryptocurrency ransomware attack has been added to the books. Russian hacking group REvil has allegedly encrypted the data of more than 1,000 firms and companies in nations such as the United States, Sweden, and New Zealand. To release the data, the organization is requesting more than $70 million in bitcoin. REvil Is Going After Other Countries’ Infrastructures Situations like these have grown relatively common in recent days, with another big example having...

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...

Bitcoin has been tanking hard as of late, but according to financial analyst Michael Wu, this presents several benefits that investors are not seeing. Michael Wu: Institutions May Get Involved Again if BTC Falls Further In recent months, bitcoin hit its highest position yet and was trading for approximately $64,000 per unit. This feat was accomplished in mid-April, though since then, the currency has fallen and lost about half that value, marking one of the biggest drops...

As bitcoin continues to tank hard, Ethereum just keeps picking up steam. There are many financial analysts out there that seem to think the world’s second largest cryptocurrency by market cap will soon rise to the occasion and potentially overtake the entire space. Ethereum Is Moving Up the Ladder Bitcoin has fallen – once again – to about $32,000 per unit, meaning it is now trading for half its mid-April value. The currency has undergone one of its biggest corrections...

Block Fi has joined hands with Visa to launch its new bitcoin rewards credit card. The product has been available to most residents of the United States since last Tuesday. The company had been working to unveil a BTC-based credit card since December of last year and was met with much enthusiasm from traders, who joined a waiting list to be among the first to garner the product. Block Fi and Visa Work to Bring BTC Rewards to Customers Overall, as many as 400,000 names...

What do mosquitoes and bitcoin have in common? Well, nothing really, though there is a company called Spartan Mosquito – designed to kill and control the population of the nasty little bloodsuckers – that just accepted its first bitcoin payment. Now, it looks like it is on a quest to accept bitcoin and several other cryptocurrencies for all its products and services in the future. Spartan Mosquito Will Accept BTC The crypto world is wrought with currencies that were...

Regardless of what many analysts would like us to believe, 2018 is alive and well all over again given how much bitcoin has tanked in the last two months. Bitcoin Isn’t All That Better Off Recently, billionaire investor and former hedge fund manager Mike Novogratz commented that he did not think 2018 would happen again. He said the number of institutional investors that have gotten involved in the digital asset space and the growing maturity of the market would prevent...

The bitcoin spikes that have occurred over the past year have led to serious jumps in ransomware attacks according to new data from Barracuda Networks, a company that provides cybersecurity products and services. Barracuda Networks Sheds Light on BTC Ransomware Between October of last year and May of 2021, the price of bitcoin rose by nearly 400 percent. That is the good news. Obviously, there are many crypto traders that raked in some heavy profits, and several...

Bitcoin, Ethereum, Dogecoin, Tesla, and Facebook… Over the past several months, many analysts have talked about how all these entities are potentially related and how they correlate with each other. It is widely believed that altcoins like ETH follow bitcoin’s patterns, while it is alleged that bitcoin and stocks will mimic each other’s behavior. Either way, per Sam Bankman-Fried – the CEO and founder of popular cryptocurrency exchange FTX – believes that all these...

Bitcoin price is consolidating in a range below the $35,000 resistance against the US Dollar. The price is now trading near the $34,250 zone and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $35,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a major increase if there is a clear break above the $35,000 resistance. Bitcoin price is recovering higher above...