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Cryptocurrency Tag

Posted by Kathleen McCaffrey on July 17, 2017 23 Comments
It’s been five years since I last posted in LI. As some of you may remember, I was the first non-Prof contributor back in 2010. I mostly covered the coveted late afternoon slot while Prof was teaching and I usually linked to articles that covered my funky amalgam of technology and free-market fetishisms. A few days ago, Prof Jacobson reached out to me to share a bit of an update on myself.

Posted by Mary Chastain on May 17, 2017 5 Comments
The world faced a massive ransomware attack using WannaCry, an NSA hacking tool last week, which affected 150 countries. While investigating the WannaCry attack, experts found another ongoing cyber attack. The cybersecurity firm Proofpoint said the newly discovered attack, using Adylkuzz, is a lot quieter than WannaCry, but "has likely generated millions of dollars in cryptocurrency for the unknown attackers." ABC News continued:
According to Ryan Kalember, the senior vice president for cybersecurity at Proofpoint, the attack employed the same hacking tools developed by the U.S. National Security Agency (NSA) and leaked to the public by the hacker group Shadow Brokers in April to exploit vulnerabilities in the Microsoft Windows operating system.

Posted by Casey Breznick on December 19, 2014 11 Comments
In the race to the bottom, the Russian ruble has finally surpassed oil as a worse-performing asset. Over the year, the ruble has tumbled 46% while WTI, the price measure of North American oil, has fallen 42%. Most likely, each will end the year even lower. But the claimant to the title of the Worst Performing Asset of the Year is neither oil nor the ruble. Bitcoin, which the public has seemingly forgotten about, has taken that title with a precipitous plunge in value of 57% from $732 to $316. [caption id="attachment_109945" align="aligncenter" width="600"]Bitcoin2014] Chart from by www.bitcoinchart.com[/caption] In comparison, the Argentine peso is down 24% on the year despite the Argentine government defaulting on its debts a few months ago. For Bitcoin, 2014 was simply not a good year. In fact, the bad market news started in early December, when Bitcoin tumbled from nearly $1200 to just above $500 in a few days after BTC China, China’s largest bitcoin exchange, announced it would no longer accept Chinese yuan deposits. Bitcoin managed to climb back above $900 in early January, but come early February any hope of restoring bitcoin’s value was lost.
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