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Florida City Pays out Bitcoin Ransom to Hackers

Florida City Pays out Bitcoin Ransom to Hackers

In Florida, Riviera Beach’s city council has been forced to pay out a ransom of USD 600,000 in Bitcoin to hackers who targeted its computer systems. With email and 911 dispatches affected by the attack in May, River Beach City Council voted to pay off the hackers in order to protect their systems. Although Bitcoin is rarely used as ransom …


Tyler Winklevoss Talks Up Bitcoin but Could Libra and Gemini Make a Match?

Tyler Winklevoss Talks Up Bitcoin but Could Libra and Gemini Make a Match_ (1)

Gemini big gun Tyler Winklevoss claims that Bitcoin is fast en route to its next level of USD 15,000 after it hits USD 10,000. With Bitcoin currently valued at USD 9,713 at time of writing, it looks like the first of these major levels is fast approaching. The other half of the Winklevoss entrepreneurial duo also sees the hallmark digital …


Bitcoin Soars to 2nd Yearly High in a Week

The Bitcoin bulls are decidedly back, today recording yet another 2019 high at USD 9,793 just hours ago, the second in only a week’s period. It is a strong rally that completely threw off the bears after Bitcoin had a bad start to the month, and while it is now trading at USD 9,720 at 9:00 am UTC (CoinDesk), there …


Interest in CME Bitcoin Futures Reach All-Time High

Interest in CME Bitcoin Futures Reach All-Time High

The Chicago Mercantile Exchange (CME) data shows that the interest in Bitcoin futures trading is now at an all-time peak as Bitcoin enjoys a renewed interest in the markets. The Twitter post by CME revealed this week that interest has peaked with an all-time high of 5,311 contracts totaling 26,555 BTC, or approximately USD 247 million at press time. Bitcoin …


Bitcoin Steadies Above $9,200, New High in Sights

Bitcoin Steadies Above $9,200, New High in Sights

Bitcoin looks to have firmed up its support levels above USD 9,000 in the middle of the week, with the day’s low only briefly staggering to USD 9,041, before the past 12 hours lifted the price to trade above USD 9,200, with London trading at 9:00 am UTC showing a price of USD 9,258 (CoinDesk). Previous to that, Asian Bitcoin …


Bitcoin Hangs on Stubbornly above $9,000, Trendlines Stable

Bitcoin Hangs on Stubbornly above $9,000 as Trendlines Stable

On a day when every crypto search term and keyword has been focused on Facebook’s announcement of the Libra crypto project and Calibra wallet, Bitcoin has withstood a flurry of selling pressure to remain trading at USD 9,132 at 12 noon UTC (CoinDesk), just about 1% lower than yesterday at the same time. There was a couple of scares during …


Binance on the Move with “No FUD” $81 Million BTC Transfer

Binance on the Move with _No FUD_ $81 Million BTC Transfer

Malta-based cryptocurrency exchange Binance raised a few eyebrows this week when it announced that a USD 81 million Bitcoin transaction was soon to be en route. The world’s biggest exchange assured users that there was “no need to FUD”, but it took some criticism from market analysts at its boast. David Tawil, president of crypto hedge fund ProChain Capital, said …


Grayscale: Bitcoin is Hedge Against Global Liquidity Crisis

Grayscale_ Bitcoin is Hedge Against Global Liquidity Crisis

Digital Currency Group’s investment fund Grayscale Investments has published a fresh report that supports Bitcoin as a potential alternative to hedge against any global liquidity crisis. Examining five recent “macroeconomic shocks”, the report gives clear evidence of Bitcoin outperforming other investments as a store of value. According to the authors, case studies were able to extrapolate these events: Grexit, Brexit, …


London Broker Chooses Crypto Derivatives Market as Safe Zone

London Broker Chooses Crypto Derivatives Market as Safe Zone

A major London broker is now moving into Bitcoin after losing 36% of its market value in a day’s trading in 2018. The company, a division of the world’s biggest interdealer broker TP ICAP has been wooed by the advantages of trading in Bitcoin and has become an intermediary to those wanting to trade in Bitcoin futures as well as planning …


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