Greek Banks Targeted by Hackers Demanding Bitcoin Ransom

Authorities in Greece have banded together a special team of cyber sleuths to safeguard Greek banks from cyber-attacks after a malicious hacker group demanded a bitcoin ransom with the threat of further DDoS attacks. In yet another instance of the infamous hacked group ‘Armada Collective’ targeting banks, the online operations of three Greek banks were rendered offline for a few hours last week, in a demonstration of their malicious hacking abilities. The group threated to attack again unless the banks paid a bitcoin ransom before Monday. The deadline is today, …

Bitcoin Price Climbs to 3-Week High to End a Memorable November

The Bitstamp Price Index struck a 3-week high of $383 at 9:22 AM UTC today, soon after a steady increase from Sunday when Bitcoin price to USD opened at $362.75. The late hours of Sunday saw the price jump from $364 at 9:43 PM UTC to $372.38 at 10:55 UTC. Bitcoin price opened Monday, November 30 at $370.95. At the time of publishing, Bitcoin is trading at $375.38. The steady turnaround comes after the frenetic increase earlier this month when the price set records with increased …

Darknet Shopper Bot Back In Business; Who Is Culpable For Illegal Purchases?

Random Darknet Shopper, an automated, online bot that searches the Darknet and buys random items using a weekly $100 bitcoin budget, is back in business following a hiatus last year when it was temporarily confiscated by St. Gallen, Switzerland legal authorities. Last week, the bot, created by a European art group !Mediengruppe Bitnik, purchased a fake Lacoste polo shirt for $35, according to Digital Trends. The bot is programmed to randomly select and buy one item on the Darknet and send it to the art group’s exhibition space. The !Mediengruppe Bitnik website …

BlockApps CEO Likens The Block Chain ‘Sandbox’ To Oracle’s Database Role

BlockApps, a Microsoft affiliate designed to provide an enterprise block chain toolkit to help businesses develop new functionalities, brings to mind the role that Oracle plays in the future of decentralized databases, according to Victor Wong, BlockApps CEO. In an interview with International Business Times, Wong cited Oracle’s role as a database provider as a parallel to BlockApp’s role providing tools such as smart contracts for businesses to use to create new functionalities. Microsoft Enters The Block Chain Arena Microsoft partnered with an Ethereum-based startup, ConsenSys, to deliver block chain …

Bitcoin Price Micro Advance or Mini Consolidation?

Bitcoin price surged higher earlier today and then stopped short of printing a new high. At the time of writing, the small advance is retracing and the question is whether it will continue higher, or fall back into sideways consolidation. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h15 UTC BTCC 1-Hour Chart From the analysis pages of xbt.social, earlier today: …

Bitcoin Price Locomotive Runs out of Steam

Bitcoin price has failed to maintain advance after putting in a strong surge two days ago. While this does not yet look like a return to decline, price may correct deeply before returning to the upside. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h00 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: Our xbt.social …

E-Commerce Retailer Fonq.nl Accepts Bitcoin As The Netherlands Continues To Embrace Cryptocurrency

One of the most powerful forces driving the use of bitcoin as a currency is ecommerce, and one of the world’s most bitcoin-progressive countries is the Netherlands. Hence, it comes as no surprise that one of the Netherlands most prominent ecommerce merchants, Fonq.nl, now accepts bitcoin. Go to www.fonq.nl and you can purchase gifts, housewares and fashion merchandise using bitcoin in addition to a number of other payment options. Shoppers can pay with iDeal (an online payment service), credit card, PayPal and bank transfer, post-delivery, and now bitcoin. …

Bitcoin Price Pushes Above $360

Bitcoin price was traded above yesterday’s high in energetic trade today. The size of component price waves is both larger and more volatile than what we saw earlier this year, or even earlier this month. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h00 UTC OKCoin 3Mth 1-Hour Chart From the analysis pages of xbt.social, earlier today: If the Fib lines …

University Student Body Mulls over Blockchain Voting System

Students at West Virginia University (WVU) have proposed an innovative blockchain-based voting system for the university’s upcoming Student Government Association (SGA) elections. The Student Government Association in WVU is currently debating the notion of using blockchain-based voting at polling stations as opposed to legacy voting machines, according to The Daily Anthenaeum, the student-run university newspaper. The newly proposed voting system is based on an iPad application that would allow students to vote for the next President and Vice President of the Student body. Students running for the positions are expected …

Bank of England, Europol Seek Interns with Blockchain Experience

Both Bank of England and Europol are seeking interns with knowledge of Bitcoin and the blockchain. The announcements, which indicate an increasing awareness of the technologies among European government institutions, follow last month’s ruling by the European Court of Justice that Bitcoin transactions are exempt from VAT. Bank of England will select their interns through an open competition in which university students are invited to submit proposals for new uses of the blockchain. Applicants are invited to work in groups of up to six people to identify new kinds of …