Tag Archives: Giant

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

Chinese Bitcoin Mining Giant Files For $200 Million US IPO

The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U.S. Per a report which appeared on a Chinese social media platform, Canaan has already filed the application documents with the Securities and Exchange Commission. The cryptocurrency mining rigs maker is seeking to raise approximately $200 million from the IPO. Continue reading Chinese Bitcoin Mining Giant Files For $200 Million US IPO

Bitcoin Data Giant CoinMarketCap Sponsors Major Israeli Football Club

Crypto price-tracking website CoinMarketCap is sponsoring the Beitar Jerusalem Football Club, an Israeli soccer team. And Israel’s most famous footballer, Yossi Benayoun, is a bitcoin investor. Benayoun retired from Beitar Jerusalem last month. Continue reading Bitcoin Data Giant CoinMarketCap Sponsors Major Israeli Football Club

Telecom Giant AT&T Gains First-Mover Status by Accepting Crypto

AT&T announced today that it is accepting crypto payments through Bitpay, which supports a number of major cryptocurrencies. A short press release notes that the integration is complete and users can make payments with Bitpay via the AT&T website or through the mobile app. Continue reading Telecom Giant AT&T Gains First-Mover Status by Accepting Crypto

Bitcoin Exchange Giant Huobi Might ‘Struggle to Survive’ Bear Market

Throughout 2018, cryptocurrency exchanges posted record profits, raking in hundreds of millions of dollars in trading fees even as the bitcoin price plunged as much as 80 percent from its all-time high. However, as the crypto bear market extends into 2019, cracks are beginning to form in the hull of this once-impervious industry as well. Continue reading Bitcoin Exchange Giant Huobi Might ‘Struggle to Survive’ Bear Market