Tag Archives: Bitcoin

Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Bitcoin mining is a delicate balance of these three factors: equipment efficiency, electricity costs, and bitcoin price. Miners often have control over the first two factors but they are at the mercy of the dominant cyptocurrency’s volatility. Fortunately for miners, there’s one event that can help them stay profitable. Continue reading Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody, but the firm believes that it would set the stage for the mass adoption of the technology. Continue reading Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

The hackers who hit Mexico’s state oil giant Pemex earlier this week with ransomware are demanding hundreds of Bitcoin in order to provide the decryption software. According to Bleeping Computer, the ransomware used to target the Fortune 500 firm is DoppelPaymer. So far Pemex believes that under 5% of its computers have been affected by the ransomware. The oil giant’s billing systems have been the most impacted by the cyberattack and the department has now resorted to a manual workaround. Continue reading Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

Zimbabwe’s Battle with Hyperinflation Highlights Desperate Need for Bitcoin

In an effort to quell the effects of hyperinflation, Zimbabwe introduced the new generation Zimbabwe dollars. The Zimbabwean government, which plans to distribute one billion Zimbabwean dollars over the next six months, released the new currency on Tuesday. Continue reading Zimbabwe’s Battle with Hyperinflation Highlights Desperate Need for Bitcoin

French High School Students to Get Bitcoin Introductory Classes

The European Union (EU) appears to have a neutral stance on bitcoin and cryptocurrencies. The region’s parliament has no specific legislation on cryptocurrencies. In addition, digital assets are considered legal among member countries. Continue reading French High School Students to Get Bitcoin Introductory Classes