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Dow plummets 600 points in worst day since August as coronavirus fears grow

Saturday, February 1, 2020, 8:28 AM

Stocks fell sharply on Friday, wiping-out the Dow Jones Industrial Average's gain for January, as investors grew increasingly worried about the potential economic-impact of China's fast-spreading coronavirus. The Dow dropped 603.41 points, or 2.1%, to 28,256.03 in the 30-stock average's worst day since August. The S&P 500 had its worst day since October, falling 1.8% to 3,225.52. The Nasdaq Composite dropped 1.6% to 9,150.94.
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In wild crypto week, bitcoin gains and grabs bigger market share

Sunday, August 11, 2019, 7:09 PM

In another wild week for digital assets, Bitcoin extended its dominance, grabbing a greater share of the cryptocurrency market as most alternative coins declined. Bitcoin now makes up close to three-quarters of the entire crypto universe, according to data from Coinmarketcap.com. Its market capitalization is above $211 billion, 10 times that of the next-largest digital asset, Ether.
 
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Florida city gives in to $600,000 bitcoin ransomware demand

Friday, June 21, 2019, 11:22 AM

Florida's Riviera Beach has agreed to pay a ransom of $600,000 worth of Bitcoin to hackers who have its systems hijacked for the past several weeks. A police department employee had opened a malicious email that allowed hackers to inject the city's network with malware. Notably, Maryland's Baltimore city also recently faced similar ransomware asking for about $76,000 in Bitcoin.