Bitcoin is back above $4,500 for the first time in a month

LONDON — Bitcoin is at a one month high against the dollar on Sunday as it continues to rise. Bitcoin is up 2.3% to $ 4,538.90 at 3.30 p.m. BST (10.30 a.m. ET): It marks the first time bitcoin has been above $ 4,500 since early September and continues a rally that began on Thursday. Commenting on the rally on Friday, Mati Greenspan, a senior market analyst at trading platform eToro, said: “European regulators have…

"Bitcoin is back above $4,500 for the first time in a month"

Victims of the global cyberattack have paid $9,000 so far but can’t get their files back

Victims of the ongoing Petya cyberattack have paid £7,064 ($ 9,000) in Bitcoin to hackers so far to try and get their files back — but they won’t have much luck. The cyberattack broke out on Tuesday, impacting the Ukrainian government and banks, then spreading to a Russian oil company, advertising firm WPP, and other companies around the world. The attack takes the form of ransomware, malicious software that encrypts a user’s files, then demands a…

"Victims of the global cyberattack have paid $9,000 so far but can’t get their files back"

Bitcoin storms back

Bitcoin has come all the way back from Thursday’s steep slide. The cryptocurrency tumbled as much as 18.5% to $ 2,076 a coin after riskier assets fell following the Fed rate hike. On Friday, it’s trading up 3.5% at $ 2,520. The selling on Thursday began when bitcoin-mining firm Bitmain outlined its “contingency plan.” Coindesk explained it best: “Most notably, the proposal would dedicate mining resources to hard forking the network to a rule set…

"Bitcoin storms back"

Bitcoin is roaring back

Bitcoin is higher for a second straight day on Tuesday, trading up 6.5% at $ 1,110 a coin as of 2:13 p.m. ET. The cryptocurrency has rallied about 17% since Sunday’s low, rebounding from a slump over the weekend that followed a Wall Street Journal report that the cryptocurrency’s developers were threatening to set up a “hard fork,” or alternative marketplace for bitcoin. The new platform would be incompatible with the current platform, thus creating a split…

"Bitcoin is roaring back"