bitcoin

Elon Musk U-Turns on Bitcoin – Again!

Tesla CEO Elon Musk stated on Sunday that the company will resume accepting Bitcoin as payment for its electric cars once it confirms that there is a “reasonable” level of clean energy used by miners.

Elon Musk shrugs

Feds Seized the Colonial Pipeline Bitcoin Ransom in California

The Justice Department announced on Monday that it had recovered $2.3 million of the cryptocurrency ransom paid by Colonial Pipeline Co. to ransomware hackers. The funds were seized from an account located in California, leading many to suspect the ransom was paid to a Coinbase wallet — a claim the cryptocurrency exchange has denied.

Israel seeks to beat election cyber bots

Sen. Cynthia Lummis Co-Launches Bipartisan Financial Innovation Caucus

Sens. Cynthia Lummis (R-WY) and Sen. Kyrsten Sinema (D-AZ) have co-launched the bipartisan Financial Innovation Caucus aimed at highlighting innovation financial system solutions on how “technologies can make markets more inclusive, safe, and prosperous for all Americans,” the two lawmakers announced Tuesday

Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the US Capitol in Washington, DC, on November 9, 2020. (Photo by Stefani Reynolds / POOL / AFP) (Photo by STEFANI REYNOLDS/POOL/AFP via Getty Images)

Colonial Pipeline CEO Explains Why He Made Ransomware Hackers Rich

The CEO of Colonial Pipeline, Joseph Blount, has attempted to explain why he chose to pay a $4.4 million ransom to hackers that took the pipeline’s system hostage. According to one expert, the Colonial Pipeline payoff will “help keep United States critical infrastructure providers in the crosshairs.”

Colonial Pipeline CEO Joseph Blount

Elon Musk Calls for Carbon Tax

Tesla and SpaceX CEO Elon Musk has called for a new carbon tax in a recent social media post, just days after announcing that Tesla would no longer be accepting Bitcoin as payment due to environmental concerns.

Tesla's Elon Musk Smokes Weed

Wired: Colonial Pipeline’s Ransomware Payoff Keeps Infrastructure ‘in the Crosshairs’

A recent report from Wired reveals that a week after a ransomware attack shut down Colonial Pipeline halting fuel distribution on the East Coast, the company paid a reported $5 million dollar ransom to regain control of their systems and resume operations. The payoff may lead to future ransomware attacks, as one expert notes: “Unfortunately, it’ll help keep United States critical infrastructure providers in the crosshairs. If a sector proves to be profitable, they’ll keep on hitting it.”

Hackers-Hacking-Reuters

Exclusive – Cybersecurity Expert: Ransomware Attacks Happen Because the Bad Guys Make Big Money

Morgan Wright, the Chief Security Advisor at SentinelOne and former Senior Advisor of the U.S. State Department and the Anti-Terrorism Assistance Program, appeared on SiriusXM’s Breitbart News Daily with host Alex Marlow on Wednesday to discuss the recent rise in ransomware attacks. According to Wright, “if you remove the ability to monetize this, these gangs are out of business because they’re only in it for one reason — to make money.”

Russian hacker in the hood threatens with his fist against the backdrop of a tricolor from a binary code, cyber threat

Market Value of NFTs Crashes by Almost 70%

According to a recent report from Bloomberg, the market price of non-fungible tokens (NFTs), which rose to popularity in recent months, is now crashing. The market for NFTs is reportedly down almost 70 percent from its February peak.

NFT art gallery

Analyst: Tesla’s Share Price Is Now Directly Tied to Bitcoin Value

According to analysts, Elon Musk’s electric car company Tesla has directly tied its share price to the value of Bitcoin following the company’s major investment in the cryptocurrency. One analyst told CNBC: “Musk runs the risk that this side show can overshadow the fundamental EV (electric vehicle) vision in the near term for investors.”

Elon Musk speaking to a Tesla audience

Man Offers City $70 Million to Help Him Recover Bitcoin Treasure Trove from Landfill

A British IT worker named James Howells is reportedly offering a 25 percent cut of his lost 7,500 Bitcoin fortune to the Welsh city of Newport if it allows him to excavate a landfill where he dumped the hard drive containing the Bitcoin treasure trove in 2013. The 7,500 Bitcoins are worth about $275 million at current prices, meaning the city stands to gain more than $70 million if the hard drive is found.

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump