Turkish Lawmaker Proposed to Launch a National Crypto

A Turkish lawmaker affiliated with the political party proposed a national cryptocurrency and to open its own bitcoin exchange  
23 February 2018   297

According to the Al-Monitor, Ahmet Kenan Tanrikulu, Turkey’s former industry minister and deputy chair of the Nationalist Movement Party (MHP) reported about the issuance of a state-controlled cryptocurrency.

The world is advancing toward a new digital system. Turkey should create its own digital system and currency before it’s too late.

Ahmet Kenan Tanrikulu

Turkey’s former industry minister

The 22-page draft has not seen a public release. But the news report showed the proposed Turkcoin would resemble asset-backed securities from Turkey’s Wealth Fund that includes large public assets including Turkish Airlines, the Istanbul Stock Exchange, Turk Telekom, the National Lottery and the Ziraat Bank, among others.

The suggestion followed Turkey’s deputy prime minister Mehmet Simsek statement. He said that the government would begin work toward launching a national cryptocurrency.

The draft includes an overview on the current cryptocurrency space in Turkey Moreover, Ahmet Kenan Tanrikulu in his 22-page report proposed to urge the government to install its own state-controlled bitcoin exchange.

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   119

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.