Hackers have successfully breached the network of the New York City-based Monroe College, demanding $2 million in Bitcoin to restore the institution's encrypted data following a carefully-orchestrated ransomware attack. But while school administrators scramble to address the crisis, students are rejoicing at their unexpected luck. Hackers demand millions in Bitcoin The college – which has nearly...
New York City is doubling-down on crypto despite the bitcoin bear market. The NYC Economic Development Corp. opened a 4,000-square-foot Blockchain Center on Thursday (Jan. 10) amid the Crypto Winter. Why? Because the EDC is in it for the long haul, says an executive. “We are playing the long game,” Ana Arino — the chief strategy officer at the EDC — told Bloomberg. “It’s a nascent technology, so...
Looking to spend bitcoin on your travels? Your chances are much greater in the US. Seven of the top 11 cities with the most merchants that accept bitcoin are in the U.S., based on information from coinmap.org. San Francisco/San Jose leads the world with close to 200 merchants that accept bitcoin. CCN looked for the top 10 bitcoin-friendly cities and came up with 11 cities based on an eight-place...
The City of New York's Department of Finance is currently considering using Bitcoin as a method for paying parking tickets. The department issued a Request for Information to find better ways for facilitating the application of parking laws. The document, titled "Mobile Solutions for Payment and Hearing Scheduling of Parking Tickets," is available online here. NYC Looks for Solutions "The New...
Bitcoin has a lot of potential for retailers, we’ve heard. It allows merchants to bypass the big transaction fees of credit card companies, it can make payments more secure, faster, easier, and helps protect customers from identity theft and fraud. But in this early stage in Bitcoin’s growth, acceptance has still sparse and the utilization of Bitcoin is far from mainstream still. So when...
Bitcoin and art; that's an odd combination, isn't it? For artist Jenna Lash and FlorinCoin developer Joeseph Fiscella, it's a very beneficial combination. Together, on Thursday night, they presented an introduction to cryptocurrencies to members of the artistic community at the close of her art exhibition, titled "What is Gained and What is Lost" at the Bitcoin Center NYC. The presentation...