Bitcoin is going to boom this year. That’s the verdict, according to Bloomberg’s crypto’s outlook for 2020. Within the recently published report, Bloomberg market analyst Mike Mcglone outlines exactly how BTC can attain its 2019 high. Spoiler alert: it’s mostly to do with a correlation to gold. Continue reading Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold
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Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020
Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital assets. Although the so-called bitcoin obituary hasn’t added any new listings since November, fund manager Peter Schiff is already consoling millennials about their foolish decision to dabble in the asset class. Continue reading Incarcerated Silk Road Founder Says Bitcoin Could Hit $100,000 in 2020
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