The Federal Trade Commission (FTC), the nation’s customer protection agency that works to prevent fraudulent, deceptive and unfair business practices in the marketplace, warns customers about the risks of paying online via Bitcoin.
Bitcoin price rose by more than 7% in view of the growing concerns that Greece would leave the single currency.
The cyber criminals prefer laundering their ransom money as soon as possible without holding on to their ill-gotten BTC.
“Bitcoin is gold for nerds. It is something that a whole new generation of people believe in. The online nature of their lives and their economy, and so bitcoin, resonates with them.” — Nicholas Colas, Convergex
Sir Richard Branson is thinking aloud about Bitcoin getting massive in Australia, its great interest and leadership in digital currency.
What happens when we drill down into the value of gold and bitcoin to find the evolutionary link? Is there some kind of Darwinian blockchain at work? You bet!