Source: CTV News, July 24, 2018 Officials in an Ontario beach town spent several weeks unable to access government data because their computers had been taken over by hackers. The Town of Wasaga Beach says all of its data was locked April 30 as part of a ransomware scam, in which malicious software is utilized… Continue reading ‘Like living in a spy movie’: Bitcoin-demanding hackers cost Ont. town $250K
Tag: Bitcoin
Bitcoin price sinks on talk of South Korea ban
Source: The Associated Press, January 11, 2018 Bitcoin prices gyrated, sinking about 13 per cent according to website Coindesk, after South Korea’s justice minister said it plans to ban crypto currency trading. South Korea’s presidential office later said the ban is under review and no decision has been made on whether or not to implement it.… Continue reading Bitcoin price sinks on talk of South Korea ban
Beyond bitcoin: How cryptocurrency is changing the world
Source: Ashleigh Mattern, CBC News, December 28, 2017 ‘We’re in the biggest experiment in human history,’ says blockchain expert Bitcoin is the most well-known cryptocurrency, with good reason; its price has been hovering around $20,000 per bitcoin lately, increasing more than 1,600 per cent since the start of the year. It’s also an extremely volatile investment.… Continue reading Beyond bitcoin: How cryptocurrency is changing the world
Talk of a bubble intensifies as price of bitcoin soars
Source: The Associated Press, December 11, 2017 Is bitcoin in a bubble? The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000. That rocketing level of appreciation smells a lot like an irrational investor mania… Continue reading Talk of a bubble intensifies as price of bitcoin soars
What is bitcoin? A look at the digital currency
Source: The Associated Press, November 29, 2017 LONDON — One of them is worth over $10,000 and some experts say it could rise further. Bitcoin, the world’s most popular virtual currency, allows people to buy goods and services and exchange money without involving banks, credit card issuers or other third parties. It has a fuzzy history,… Continue reading What is bitcoin? A look at the digital currency
Toronto-area police warn of Bitcoin tax scam after more than 40 people defrauded
Source: The Canadian Press, November 8, 2017 AURORA, Ont. – Police say more than 40 York Region residents have fallen victim to a Bitcoin tax scam, sending over $300,000 to fraudsters since August. Police say they have seen a significant increase in reports of scammers identifying themselves as employees of the Canada Revenue Agency. The… Continue reading Toronto-area police warn of Bitcoin tax scam after more than 40 people defrauded