Bitcoin News 4 July 2017 – Hackers Extort $28 million in Cryptocurrencies

bit-media (34)in #bitcoin • 7 years ago

Bitcoin News Today - 4 July 2017

Major Headlines from today's news: - FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies, GOLDMAN SACHS: Bitcoin could see a big drop then surge to almost $4,000

FBI Says Hackers Managed to Extort $28 Million in Cryptocurrencies - In the annual report of 2016 just released, the following was noted:-

Over 17,146 individual cases of extortion were recorded
Online crimes include DDoS attacks
Reported online crimes rose 3.7% in 2016 with most affected countries being the US, Canada, India, UK, Australia, and France
People above 60 suffered most and lost over $339 million

The FBI suspected that only 15% of victims actually report their situation.

Note: Online Privacy and Security is not a luxury anymore, it's a necessity!

GOLDMAN SACHS: Bitcoin could see a big drop then surge to almost $4,000 - Goldman Sachs has started reporting and communicating on Bitcoin to their client bases - In a recent email to clients, Sheba Jafari, the head of technical strategy at Goldman Sachs, suggested that "while bitcoin's correction hadn't run its course, the cryptocurrency was ultimately heading higher"

Note: This is an example of Institutional Bitcoin Adoption

Some other top articles:

South Korea is Preparing to Regulate and Legalize Bitcoin and Bank of Thailand Ordered to Relax Strict Rules and Study Bitcoin - both examples of Government Adoption

FinTech News

Singapore and Denmark have entered an agreement to promote innovation in FinTech

The Bitcoin Price surged overnight just over $100 while Ethereum stayed mostly the same.

If online privacy and security are important to you, learn more about the World's first BLOCKCHAIN phone, the BitVault!Order yours today before the price goes up at the end of the month.