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The price of bitcoin tumbled Monday after President Trump Opens a New Window. tweeted Thursday that he was “not a fan” of cryptocurrencies and criticized Facebook’s Opens a New Window. Libra digital currency that’s set to launch next year. Bitcoin price briefly hit below $10,000 just after midnight Monday, a two-week low for the leading digital coin, Coindesk’s data Opens a New Window. showed. The cryptocurrency appeared to rebound slightly to bring it past $10,000 as of Monday morning. It’s unclear what caused the sudden price drop, but it comes just days after Trump took to Twitter to slam cryptocurrencies....

Gustaf can remember the precise date when he last used cash. 'It was October 7 last year,' he told me without hesitancy. 'I found an old note that I had forgotten about and used it to buy some sweets.' Like many others at his university in Gothenburg, Sweden, Gustaf relies on cards and smartphones to spend money. 'None of us use cash – you just don't need it these days,' he said. Card only: Sweden has become a cashless society so shoppers have switched to cards and smartphones But there is one problem – a big one. The 20-year-old computer...

Last week we saw bitcoin, the great hope of cryptocurrency, skyrocket to over $13,000. It was in the vicinity of $3,200 as recently as December. Why? Maybe it was Facebook’s new venture into creating its own digital currency, Libra — although, if that were to be successful, how it would offer any type of validation of bitcoin is beyond me, and a whole lot of smart people on Wall Street. In fact, it might spell the beginning of the end for bitcoin. There are almost no major Wall Street investors of substance with meaningful track records who have invested in...

The Riviera Beach City Council authorized the city’s insurer to pay nearly $600,000 worth of ransom to regain access to data walled off through an attack on the city’s computer systems. In a meeting Monday night announced only days before, the board voted 5-0 to authorize the city insurer to pay 65 bitcoins, a hard-to-track cryptocurrency valued at approximately $592,000. An additional $25,000 would come out of the city budget, to cover its policy deductible. Without discussion on the merits, the board tackled the agenda item in two minutes, voted and moved on. The dollar amount was not mentioned before...

A small city in Florida has agreed to pay nearly $600,000 in bitcoin ransom to hackers who took control of its computer systems in a ransomware attack, according to reports. The Riviera Beach City Council on Monday unanimously approved its insurance carrier to pay 65 bitcoin — valued at about $592,000 — in hopes of regaining full access to its network, the Palm Beach Post reported. The attack two weeks ago wiped out the city’s entire computer system. The city council was left without email and phone service, direct-deposit paychecks had to be hand-delivered instead and the police department had...

For my followers: my recent tweets are less for you than they are fir my pursuers. They are shots across the bow .. https://twitter.com/officialmcafee/status/1137799476507217921

John McAfee Talks About ‘Russian Hack’ One of the most brilliant cyber-security experts has come forward to give his thoughts on the supposed Russian hack of the U.S. election. I will be on @RT_America today at 8pm ET. I’ll drop a bombshell on today’s US intelligence claims. @realDonaldTrump I hope you’re listening. — John McAfee (@officialmcafee) January 5, 2017 From RT: The sloppiness of the alleged DNC hack by itself proves it was not organized by a nation state, and the “utter nonsense” presented as proof of Moscow’s involvement is rather evidence of intelligence agencies being “ignorant and naïve,” John...

"John McAfee -- in an email exchange and follow up phone call just moments ago -- said sources within the Dark Web suggest it was Iran, and he absolutely agrees. While Russian hackers get more media attention nowadays, Iranian hackers have had their share. "

John McAfee, the anti-virus program pioneer and gadfly U.S. presidential candidate, claimed that unlocking the Apple iPhone of Syed Farook, one of the shooters who carried out a deadly attack in San Bernardino, California, late last year, is a “trivial” exercise and explained how it should take the FBI just 30 minutes to complete it. McAfee, who is among 12 candidates vying for the Libertarian Party nomination to run for president this year, spoke to Russia Today about the continuing debate over the FBI’s attempt to force Apple Inc. to unlock the iPhone 5C used by the terrorist by creating...

John McAfee, better known in recent years for his brushes with the law in Belize and Guatemala than for his anti-virus software, filed to run for United States president as a Libertarian candidate. McAfee told USA Today he plans to run on a platform of pardoning all marijuana users in prison and and to "stop the U.S. from being the world's policeman." Doug Craig, a national board member of the Libertarian Party, said,"He fits right in with our political philosophy.: Earlier this year, McAfee vowed to run as a member of the Cyber Party to "disrupt the political status quo"...

John McAfee, the antivirus software magnate who fled Belize after police tried to question him for murder, confirmed to CNNMoney that he plans to run for President in 2016 and that he'd created his own party -- the Cyber Party. McAfee explained that he decided to run after being encouraged by "almost everyone" he knows and meets. "I have a huge underground following on the web," McAfee said. "I promise you I will win because I have the votes."

US presidential candidate John McAfee has released his manifesto for the 2016 elections, revealing policies that include opening US borders to immigrants, ending the War on Drugs, and abandoning the TSA (Transportation Security Administration) in its entirety. McAfee, who founded the antivirus software company of the same name, confirmed his unlikely presidential bid – as a new third party candidate – earlier this month with the campaign slogan "privacy, freedom, and technology". The 1,700-word manifesto lists 10 key policy areas: foreign policy, War on Drugs, immigration, taxation, education, welfare, TSA, economy, cyber awareness and the FDA (Food and Drug Agency)....

Computer anti-virus creator John McAfee, the self-described "eccentric millionaire"-turned-fugitive from Belize, filed paperwork Tuesday to run for president — of the United States — as a third-party candidate. "I am founding a new party yet to be announced," McAfee, who turns 70 next week, said in a statement of candidacy filed with the Federal Election Commission, which was first reported by the political newspaper The Hill. A campaign website soon appeared.

Eccentric tech millionaire John McAfee has been arrested in Tennessee after being caught driving under the influence and for illegal gun possession, police say. McAfee, who created the virus-scanning software by the same name, was found driving erratically along a road in Henderson County on Sunday night and was arrested, police said. McAfee later admitted to being under the influence of Xanax, but said it was a new prescription and he was not aware it would impair his driving.

Bitcoin millionaire John McAfee — who’s a fugitive from the law for tax evasion — derisively taunted the U.S. government on Twitter. McAfee warned them to leave him alone or he will “f***ing bury” them. In a dizzying weekend Twitter rant, McAfee claimed that the Department of Justice is compiling a bogus case against him for money-laundering, racketeering, and murder.

The US city of Baltimore, a victim this month of a cyberattack that paralyzed part of its computer network, will not pay a ransom to undo the damage, Mayor Bernard Young said Tuesday. Hackers reportedly had demanded $100,000 in bitcoin, but Young told a news conference "I'm not considering" paying it.

A US Representative is urging his colleagues to join him in implementing a nationwide US ban on cryptocurrencies. This cryptocurrency-averse stance comes as the Representative fears that cryptocurrency could replace the US dollar if not immediately curbed. Sherman: ”Cryptocurrencies are only useful for criminals” Specifically, the Congressman in question is the notoriously Bitcoin-averse California Democrat Representative Brad Sherman (D). He made these recent comments during a meeting of the House Financial Services Committee on May 9th. Sherman argued that a US ban on cryptocurrencies is necessary in order to counter, what Sherman claims, are cryptocurrency-specific hazardous effects. Moreover, Sherman made...

Craig S. Wright has been granted U.S. copyright registrations for the famed original Bitcoin white paper, and most of the original Bitcoin code (version 0.1). Importantly, the registrations issued by the U.S. Copyright Office recognize Wright as the author – under the pseudonym Satoshi Nakamoto – of both the white paper and code. This is the first government agency recognition of Craig Wright as Satoshi Nakamoto, the creator of Bitcoin. In addition to being Bitcoin’s creator, Wright is currently Chief Scientist of nChain, the global leader in advisory, research and development of blockchain technologies, which focuses on massive adoption of...

Bitcoin climbed close to $7,600 on Sunday, according to industry website CoinDesk. The world’s most-valuable cryptocurrency is now up nearly 90% since the start of the year. One analyst says bitcoin could soar as high as ”$50,000 or $100,000,” as it’s only “in the early part of its cycle.” Bitcoin has jumped above $7,000, continuing a stunning comeback for the cryptocurrency in 2019. The virtual currency climbed close to $7,600 on Sunday, according to industry website CoinDesk. It’s since pared gains, but is still holding above that $7,000 level. It marks yet another move higher for the world’s most-valuable cryptocurrency,...

May 8 (UPI) -- Hackers have stolen more than $40 million worth of bitcoin from the world's largest cryptocurrency exchange, officials said. The Binance exchange said it discovered the breach Tuesday, and learned hackers stole 7,000 bitcoins in a single transaction. The company said it will cover the incident "in full" so no users' funds will be affected. As of early Wednesday, 7,000 bitcoins carried a value of about $41,009,000. The multi-prong attack used phishing, viruses and other methods to breach the accounts, Binance said. Sensitive user data was also mined, officials said. "The hackers had the patience to wait...