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New Ransomware Uses Social Media, Demands Payment in Bitcoin

Bank Innovation

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.

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New App Lets Users Tip On Twitter With Bitcoin

PYMNTS

Twitter users can now send small bitcoin transactions as a tip if they like a tweet, according to reports. The app lets people send bitcoin payments over the Lightning Network, which is an instantaneous and inexpensive way for people to send and receive bitcoin. There are plans for Tippin’s future, too.

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Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds

PYMNTS

Block.one, which is behind the EOSIO (EOS) protocol, now has a patent for a blockchain-based bidding system for promotional exposure for social media, according to Cointelegraph. According to Block.one, the first hash value of the original content will be stored on the distributed ledger technology (DLT).

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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Bitcoin Daily: France Votes To Include Crypto In Insurance Contracts; VC Draper Could Team With Facebook For Crypto Venture

PYMNTS

With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN. I hear they are targeting big sums — as much as $1 billion,” tweeted Nathaniel Popper, a technology reporter at The New York Times, last week.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

PYMNTS

However, Tsai said “conservative-minded CFOs” in B2B, along with legacy supply chain technologies and processes, serve to slow down any progress toward new payment and transaction methods. Amazon Embraces Bitcoin. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites.

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