Ransomware

Days after the U.S. Conference of Mayors passed a resolution opposing the payment of ransoms by cities following a ransomware attack La Porte County’s government has done the opposite after its files were encrypted. According to WSBT-TV, the municipality has paid a Bitcoin ransom worth approximately $130,000 to cyber attackers who encrypted itsRead More →

crypto

Wells Fargo, a traditional bank founded in 1852 to provide banking services, and mail delivery through the Pony Express, has recently come out stating that it does not allow its customers to purchase Bitcoin with their own funds. WELLS FARGO ‘DOES NOT ALLOW TRANSACTIONS INVOLVING CRYPTOCURRENCY.’ Wells Fargo’s decision divergesRead More →

crypto

Japanese cryptocurrency exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin and other cryptocurrencies. Japanese cryptocurrency exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin (BTC) and other cryptocurrencies. In an official announcement on July 12, BitpointRead More →

crypto

While reports suggest that Iran’s economy is far from a crash, they still cannot be called an economically stable nation. However officials did not clarify the intent, they announced that Iran will soon be launching its own gold-backed cryptocurrency. Countries with weak and crumbling economies seem to be able toRead More →