Florida City Officials Approve $600,000 Ransomware Payment of 65 Bitcoins

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By CCN Markets: Hackers who paralyzed Florida’s Riviera Beach City’s IT infrastructure are about to laugh all the way to the bank. This is after the Riviera Beach City Council voted to authorize the city’s insurer to meet the ransom demands of the hackers who planted ransomware in the city’s computer systems. The hackers have […]

Facebook’s Libra Coin: Initial Reactions Mixed

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Summary of the first reactions on Facebook’s Libra. Facebook has released its much anticipated white paper for the cryptocurrency Libra. The initial reviews of the highly secretive mega-project are mixed, to say the least.Before taking a look at responses across the cryptosphere, let’s have a quick recap of the Facebook proposal.The Libra coin proposalLibra is […]

Goldman Sachs’ Dire Tech Stocks Warning Contradicts Its Own Data

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By CCN Markets: Goldman Sachs issued a dire warning about U.S. tech stocks last weekend. Their valuation premiums are at historic highs. Add the potential threat of U.S. regulatory interventions, and Goldman sees a bear market ahead for tech. In an investor note Friday, Goldman’s chief U.S. equity strategist, David Kostin, admonished clients about the […]

Australia’s Central Bank: Cryptos Will Not Receive Wide Acceptance in the Near Future

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Cryptocurrencies will not receive wide acceptance in Australia as long as the local financial system is efficiently working, RBA said. Cryptocurrencies will not receive wide use in Australia as long as the local financial system is efficiently working, the Reserve Bank of Australia (RBA) stated in an official document issued on June 20.According to the […]

Why Japan’s Biggest Messenger is Launching a Crypto Exchange For 80 Million Users

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By CCN Markets: Line, the most widely utilized messaging application in Japan with more than 80 million users is set to receive approval from Japan’s Financial Services Agency as early as June to launch a crypto exchange, according to a Bloomberg report. In July 2018, Line launched a crypto exchange called “BITBOX” in Singapore with […]

Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report

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Facebook has reportedly not applied for approval to operate its cryptocurrency in India with the RBI Facebook’s newly announced cryptocurrency, libra, may not be available in India due to the current ban of blockchain-based currency transactions, as stated in a report by local publication The Economic Times on June 20.Citing people familiar with the matter, […]