Tag Archives: News

Ransomware extortionists get counter-offered to zero. | Source: ShutterstockWhen ransomware attackers targeted the city of New Bedford, Massachusetts, two months ago demanding $5.3 million in Bitcoin, they must have felt very confident when turning down a counter-offer of $400,000 that the city presented. That feeling probably turned to regret soon thereafter as it has now emerged that the U.S. city did not bid up.According to Mayor Jon Mitchel, instead of offering more, the city decided to...

Bakkt picked a tough day to begin securing assets, but it's still been on bitcoin's highlight reel in 2019. | Source: ShutterstockBakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community's collective heads. Today the bitcoin futures exchange made one giant leap toward its official launch by opening up Bakkt Warehouse Custody, which is the arm of the business that will keep big investors' funds safe...

Bitcoin bull John McAfee wants to resolve his disagreement with the South China Zombie Research Centre over their "zombie ICO" partnership. | Source: REUTERS/Alexandre MeneghiniBitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their "zombie ICO" partnership.China Zombie threatened to file a $100 million lawsuit against McAfee. In an angry tweetstorm, China Zombie claims McAfee trashed them in a white paper they had hired him to write to...

Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here's why BNB is leading the pack. | Source: REUTERS / Darrin Zammit LupiBinance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency exchange giant Binance a total of $40 million.Four months later, it appears that everyone has forgotten about the security breach. Binance is just as popular as ever, and its...

Switzerland's central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCNSwitzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.This was revealed by the chairman of the governing board of the Swiss...

Bitcoin could be on its way to $20,000 next year if a historical trend repeats itself once again, according to crypto trader Josh Rager. | Source: ShutterstockCrypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge 100% in 2020 if a historical pattern repeats itself once more.Bitcoin price could set a new record above $20,000Rager cites a pattern that was last seen in 2015 and 2016....

Someone just moved $1 billion in bitcoin to an unknown wallet. | Source: ShutterstockOn September 6, more than $1 billion worth of bitcoin was sent from an unknown wallet. The transaction was processed within several hours with a $700 fee.A $1 billion bitcoin transaction processed with a $700 fee (source: blockchain.com)The Token Analyst team traced some of the 94,500 bitcoin to the address of Huobi Global, a major cryptocurrency exchange, but the origins of the rest of the holdings remain...

Facebook's crypto scheme appears to have spurred regulators to take the social media giant's privacy scandals more seriously. | Source: REUTERS / Aaron P. BernsteinFollowing reports earlier today that dozens of state attorney generals were set to officially commence antitrust investigations into Big Tech behemoths Facebook and Google, New York Attorney General Letitia James confirmed that at least one of the companies would indeed face government scrutiny.Unsurprisingly, it's the one that...

Bitcoin is looking at a fresh yearly high if support sticks, analysts have claimed. | Source: ShutterstockSince September 2, within four days, the bitcoin price has recovered from $9,500 to $10,700, rising by well over 10 percent against the U.S. dollar.The bitcoin price on a steady recovery since early September (source: coinmarketcap.com)As bitcoin stabilizes above an important resistance level at $10,000, technical analysts anticipate the asset to establish a basis for the next...

China's state digital currency is coming. | Source: ShutterstockChina's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank.Relaying the several key attributes of China's new central bank digital currency (CBDC) Mu Changchun, deputy director of the People’s Bank of China’s payments department, elaborated upon the emerging...