Page 2 - Bit Coins News Today

Heist. 11 people have already been arrested in iceland. the real world value of the stolen digital currency nearly $2 million. i hope they didnt steal any of my bit coins. i dont have many but they are near and dear to me. ainsley: they are not nearly as valuable as they once were. pete. in the wake of the massive shooting in florida which you know left 17 people dead at a high school. criticism of law enforcement, there are a lot of people that have responded to that one texas sheriff has a sim...

Year. >> lets talk about another popular topic. bit coins, its dropped 25% in 24 hours from a record high of $20,000 earlier this week. is it the bitcoin bubble finally popping or a temporary pullback if crypt to currencies? what can you tell us? >> it appears that bubble will never burst. look at how it started off trading at a thousand dollars and got up to $20,000 at the beginning of the week. it pulled back about the 14,000 mark. now cne have introduced futures trading in bitcoin and banks l...

Uses, think of it as a boutique investment, taking up as much energy as the country denmark uses. why is that? >> one needs huge computing power. basically computers solve the puzzles that were set for the miners and they get awarded bit coins. it is like the old analogy, it is very alliterative if you strike gold. those farms which are in china, think tank in australia, it is conceivable they would ultimately use 60% of the

>> the amount of energy bit coin uses, think of it as a boutique investment, taking up as much energy as the country denmark uses. why is that? >> one needs huge computing power. basically computers solve the puzzles that were set for the miners and they get awarded bit coins. it is like the old analogy, it is very alliterative if you strike gold. those farms which are in china, think tank in australia, it is conceivable they would ultimately use 60% of the

The people jumping on the bit coin bandwagon are investors. the value is soaring. on thursday the value rose 40% in 40 hours. its year to date gain is 1500%. for the investment community, bit coin is becoming mainstream. starting on sunday the chicago board of exchange will offer trade in bit coin futures. the nasdaq in the first half of 2018. as for wall street, there is a mixed reaction. morgan stanley, we will wait and see. goldman sachs will do it on a case by case basis. a man said its a fr...

Strong stomach. >> there are issues about it. there is a lot more put on to you as a user to secure your bit coins than if you went to your bank and you have your dollars. the bank is responsible for all of your money. you are responsible for your bit coins. there are element that make it more secure, but there is a lot more responsibility put on the user to ensure that. >> there are few vendors that accept bit coins for physical goods. >> they will say what is bit coin? a lot of people havent h...

>> the wannacry attack had a kill switch. this attack doesnt appear to have that. where it locked specific files demanding ransom for users to get access, this locks the entire hard drive, asking users to shell out $300 in bit coins. it crippled computers using microsoft. it rapidly spread across ukraine, russia, europe, even the u.s. among the targets, merck, the worlds largest shipping container company and chernobyl was forced to witch to manual read yags monitoring. its not clear who was res...

You have somebody in your company or yourself and you inadvertently download a file and click it and launch it or go to a website that is a malicious website and you dont even know it. hit the wrong thing and it launches, basically, a virus on your computer and what it does, it attacks all the files on your network and it encrypts them. locks them down and then you get this horrible-looking message that says, you have to pay us a ransom if you want the unlock key to unencrypt these files. by the...

>> i dont even know what youre talking about. i dont think disarming me or taking my privacy away. >> no ones disarming you. >> this is interesting. perspective, neither banning muslims or forcing facebook and twitter to monitor their users accounts will make a difference to terrorists. because terrorists will come in and pretend theyre not muslims. the other thing is, theyll use encrypted apps based in countries such as germany, which is what we just discovered recently. well have absolutely no...

And got his weapon? >> i dont even know what youre talking about. i dont think disarming me or taking my privacy away. >> no ones disarming you. >> this is interesting. from my perspective, neither banning muslims or forcing facebook and twitter to monitor their users accounts will make a difference to terrorists. because terrorists will come in and pretend theyre not muslims. the other thing is, theyll use encrypted apps based in countries such as germany, which is what we just discovered recen...