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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.
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Bitcoin extends losses, down more than 20% to below $6,300

Friday, May 17, 2019, 11:00 AM

The price of bitcoin sank almost 20 percent on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs. Bitcoin fell to as low as $6,178 at Bitstamp exchange, down 21.6 percent from the previous close and last stood down 7.8 percent at $7,266.
 
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Bitcoin passes $8,000 as value more than doubles in 2019

Tuesday, May 14, 2019, 4:05 PM

Bitcoin rose above the $8,000 mark on Tuesday, extending a rally that has seen the digital currency more than double in value since the start of the year. According to data posted on the website CoinDesk, bitcoin topped $8,325 before giving up some of its gains. Since the start of the year, bitcoin's value has increased more than 120%.

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