Australia and New Zealand Hit in Extortion for Bitcoin Plots
Extortion for Bitcoin has become more and more common within the United States, with families, businesses and even police departments under attack. Anywhere from a couple of bitcoins to one hundred or more are demanded. The problem has been domestic, but now other major Bitcoin markets like Australia and New Zealand are feeling the effects of those desperate enough for Bitcoin that they turn to a life of crime. A scourge of DOS attacks has hit the region, according to ZDNet. Extortion in Australia by an Unknown Group. The identity of the group or its participants is unknown at this time,....
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Note from the Author: Coming to you from the Bitcoin South Conference in Queenstown New Zealand that featured speakers like Andreas Antonopoulos and Jeffery Tucker. Please see (@Tone_LLT) for additional updates. Last week, we concluded with the following: This has been one of the less volatile weeks for Bitcoins’s price in a while. We have been consolidating around the 50-day SMA that currently sits around US$380. It is actually positive sign that we are consolidating and are mostly staying above the base of the Descending Triangle shown on the graph of the daily chart. Now that the....
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