Criminal underworld is dropping bitcoin for another currency - News Summed Up

Criminal underworld is dropping bitcoin for another currency


Bitcoin is losing its lustre with criminals, giving rise to a new breed of virtual currency. Photo: ReutersPortland: Bitcoin is losing its lustre with some of its earliest and most avid fans—criminals—giving rise to a new breed of virtual currency. On 18 December hackers attacked up to 190,000 WordPress sites per hour to get them to produce monero, according to security company Wordfence. Say, for example, a coffee shop in Berkeley is known to have a certain bitcoin address, and a wallet used by an extortionist transfers the same amount there every morning at 9 am. “At the same time if you have a decentralized currency, it’s not like you can prevent someone from using it.


Source: Mint January 03, 2018 03:11 UTC


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