Bitcoin value spikes after hacker demands ransom in the currency

Bitcoin value spikes after hacker demands ransom in the currency | VentureBeat

Bitcoin value spikes after hacker demands ransom in the currency

Sometimes a hack has unexpected outcomes. Today, a hacker who claims to have obtained Mitt Romney’s tax returns is demanding a ransom of $1 million in Bitcoins. The hacker probably didn’t expect to improve the market for Bitcoins overall, but that’s exactly what happened, as the value of Bitcoins spiked about 6 percent today, from $10.40 per Bitcoin to about $11 per Bitcoin at the end of the day. Bitcoins are an electronic currency unregulated by any central authority. Users are self-policed and receive instant payments of Bitcoins through an encrypted process that verifies each transaction and does not allow it to be undone. Bitcoins are difficult to exchange for actual dollars, but are otherwise a very private way of exchanging cash. This makes the currency preferable for those who don’t wish to be identified. Like any currency, the value of Bitcoins fluctuates based on ...

Full article: http://venturebeat.com/2012/09/05/bitcoin-value/

Tweets

» 09 Sep '12, 8pm
Oh, we like this :D Funny...Bit Coin value up on Hacker's Ransom demand in that currency [link]
@S1CT » 07 Sep '12, 2pm
RT @tim_walther: Romney's tax returns hacked to demand ransom to promote bitcoins? [link] #hoax
@tim_walther » 07 Sep '12, 2pm
Romney's tax returns hacked to demand ransom to promote bitcoins? [link] #hoax
@luciendebaixo » 07 Sep '12, 9am
Doit être un coup de #GoldmanSachs RT @ZaraA: Ayé le Bitcoin est une vraie monnaie, y a eu un hold up honey bonny ! [link]
@ZaraA » 07 Sep '12, 9am
Ayé le Bitcoin est une vraie monnaie, y a eu un hold up honey bonny ! [link]
@TheLoneCuber » 07 Sep '12, 8am
This is good for #BitCoin: [link]
@utopiah » 07 Sep '12, 8am
crazier than Hollywood's latest hacker story "Bitcoin value spikes after hacker demands ransom in the currency" [link]
@PerseidRocks » 07 Sep '12, 2am
Bitcoin Ransom Romney - Tax Document Extortion [link] #DNC2012 #p2 #cim #tcot #xcot #tlot #topprog
@charmybird » 06 Sep '12, 7pm
@JonChristensen Bitcoin value spikes! Haha. [link]
@Indyradmama » 06 Sep '12, 2pm
RT @JackalAnon: Bitcoin value spikes after hacker demands ransom in the currency | [link]
@matttbastard » 06 Sep '12, 12pm
RT @bcgoyette: Bitcoin value spikes after hacker demands ransom in the currency: [link] #p2
@joshgreenman » 06 Sep '12, 12pm
RT @bcgoyette: Bitcoin value spikes after hacker demands ransom in the currency: [link]
@Pyramining » 06 Sep '12, 7am
Bitcoin price spikes on hacker's ransom demands. [link] #bitcoin #btc
@MikeMompi » 06 Sep '12, 6am
Value of #bitcoin spikes after hacker demands $1 mil bitcoin ransom to not release Mitt Romney's tax returns. [link]
@6 » 06 Sep '12, 6am
In positive development for architect of $250K Bitcoin heist, Bitcoin value spikes on heels of Romney return ransom | [link]
@NickC1188 » 06 Sep '12, 4am
Fascinated by bitcoins... - Bitcoin value spikes after hacker demands ransom in the currency [link] via @VentureBeat
@benilfeld » 06 Sep '12, 4am
RT @mcbill: Remember that time my tweet on bitcoins got referenced by VentureBeat? Pretty cool. [link]
@mcbill » 06 Sep '12, 4am
Remember that time my tweet on bitcoins got referenced by VentureBeat? Pretty cool. [link]
@iBookChick » 06 Sep '12, 3am
Bitcoin value spikes after hacker demands ransom in the currency: Sometimes a hack has unexpected outcomes. Tod... [link]
@omnidesigns » 06 Sep '12, 3am
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@businesslearner » 06 Sep '12, 3am
Bitcoin value spikes after hacker demands ransom in the currency #busienssnews #business [link]
@iKickStart » 06 Sep '12, 2am
#venture Bitcoin value spikes after hacker demands ransom in the currency [link]
@ShoopzyMe » 06 Sep '12, 2am
Reading! Bitcoin value spikes after hacker demands ransom in the currency [link]
@geekmc » 06 Sep '12, 2am
RT @CIChuck: Bitcoin value spikes after hacker demands ransom in the currency [link]
@madstudios30620 » 06 Sep '12, 2am
RT @BitCoinReporter: Bitcoin value spikes after hacker demands ransom in the currency - VentureBeat [link] #bitcoin
@All_Trends_IT » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link] via Meghan Kelly
@startupfeeds » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link] #startupfeeds
@DoubleRock » 06 Sep '12, 1am
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@Farhann8 » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency: In many hacking cases, there are unexpected p... [link]
@NewsButler » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency: In many hacking cases, there are un... [link] #technews
@RexRothchild » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link] (via Venturebeat)
@cgranier » 06 Sep '12, 3am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@KD7ZD » 06 Sep '12, 2am
RT @BitCoinReporter: Bitcoin value spikes after hacker demands ransom in the currency - VentureBeat [link] #bitcoin
@JulienPicouleau » 06 Sep '12, 2am
"VentureBeat | " Bitcoin value spikes after hacker demands ransom in the currency [link]
@ArnettaSimonsen » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@RositaMorocco » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@apoorvs » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@ConsultRamy » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@jerenews » 06 Sep '12, 2am
@venturebeat Bitcoin value spikes after hacker demands ransom in the currency [link]
@MrBMcLean » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@CIChuck » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@wyi2wyg » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@CraftyCandy » 06 Sep '12, 2am
RT @BitCoinReporter: Bitcoin value spikes after hacker demands ransom in the currency - VentureBeat [link] #bitcoin
@i4harold » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@BitCoinReporter » 06 Sep '12, 2am
Bitcoin value spikes after hacker demands ransom in the currency - VentureBeat [link] #bitcoin
@hacker » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency - VentureBeat [link]
@rssmanii » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@socialmedablog » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link]
@Alice_TNews » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency: In many hacking cases, there are unexpected p... [link]
@AakarTech » 06 Sep '12, 1am
Bitcoin value spikes after hacker demands ransom in the currency [link]