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
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.
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