CBOE BTC Futures to Expire on March 14

At the moment of press, 4 month contracts for BTC are traded on the exchange
12 March 2018   304

Currently, four monthly contracts for Bitcoin are traded on the exchange. The nearest of them expires on Wednesday. This is reported by Forbes.

According to the data, over the past week the contract was traded in the price range between the minimum of $ 8,380 and the maximum at $ 11710 with a difference of 28.4%.

Such a volatility was facilitated by the announcement of the SEC on mandatory registration of online platforms that deal with the trade in digital currencies.

It is expected that this week, among other factors affecting the value of Bitcoin, there may be added volatility, which is also associated with the expiration of the contract.

Since Bitcoin trades without interruptions, and CBOE working hours are limited, the movement of the value of the cryptocurrency at the weekend is not taken into account by the exchange, which is why some investors may lose their money.

Before the February espiration of futures, many users expected a decrease in the price of Bitcoin, based on the state of the market before the close of trading in January, however, this did not happen.

Atlanta's computer network infected with Bitcoin ransomware

Hackers breached the governmental computer network in Atlanta to infect with ransomware and demand payment in Bitcoin
23 March 2018   121

Cryptocurrency ransomware of different flavors has been around practically as long as cryptocurrencies themselves. And now the city of Atlanta, US has come under the attack.

The governmental computer system has been infected by the ransomware virus early in Thursday, and this has caused a massive disruption in several departments. In particular the bill payments and court information services has been affected. Later in the morning several city employees found a ransom letter on their computers with demands for $51,000 in Bitcoin.

In the afternoon of the same day officials held a press-conference, but were unable to provide any particular information about the attack since the investigation was just commenced and in the early stages. The question whether or not they were going to pay the ransom were also left unanswered.

Atlanta is one the major economics hubs in the Southern US with several large international companies and the world's busiest airport located in the city. Apparently, the city officials have no qualms about going for all the available help in such a high-resonance case, hence the US Department of Homeland Security, the FBI and even the Secret Service authorities are now on the ground.

Of course, there is little chance of systems being unlocked even if the ransom is paid, the security experts say. So, the city is probably in for a long road to full recovery of its computer facilities. The officials have even started making plans in preparation for long and tedious recovery process.