Tag: Cryptocurrency
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Cybercrime costs $600 billion annually – McAfee
Fuelled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, the annual cost of cybercrime has hit $600 billion worldwide, researchers said Wednesday. A report by the security firm McAfee with the Centre for Strategic and International Studies found theft of intellectual property represents about one-fourth of the cost of cybercrime in…
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MoneyGram announces partnership with Bitcoin rival, Ripple
Money transfer company, MoneyGram International, has announced partnership with blockchain firm and Bitcoin rival, Ripple. MoneyGram will test the use of Ripple’s cryptocurrency, XRP, to move funds in a faster and cheaper way as part of the arrangement. Ripple, created by the founder of Bitcoin exchange Mt Gox, has risen 31,000 percent over the past…
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Bitcoin mining marketplace, NiceHash faces up to $60 million loss in latest heist
NiceHash, a Slovenian cryptocurrency mining marketplace, has said it lost about $64 million worth of Bitcoin in a hack of its payment system. “Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24…
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Bitcoin surges above $12,000 to record high on relentless demand
Bitcoin extended its eye-popping rally on Wednesday, breaking above 12,000 dollars to a record high despite questions about the cryptocurrency’s real value and worries about a dangerous bubble. Bitcoin received a boost after Friday’s announcement by the main U.S. derivatives regulator that it would allow CME Group Inc and CBOE Global Markets to list bitcoin…
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Bitcoin continues downward slide
Bitcoin has continued a downward slide as cryptocurrency plunged by as much as 12 percent on Friday on track for its heaviest two-day drop in two years. Bitcoin had been on a tear until Wednesday, gaining more than 40 percent in two weeks to hit around $1,139 on the Europe-based Bitstamp exchange, just shy of…