Cryptolocker thieves are taking advantage of the $1,000 surge of the Bitcoin value by spreading malware that threatens to encrypt computer data and collecting anonymous Bitcoin ransom from unwitting victims.
Sectors
Is Bitcoin the new gold?
Although Bitcoin and gold are driven by the same demand for alternative currencies, one fared better than the other. Wall Street Journal said investors are rushing to invest in Bitcoin as gold loses its appeal.
Researchers retract claim of link between Bitcoin creator and Silk Road
Israeli computer scientists Dorit Ron and Adi Shamir retreated their claims in a report they published citing a financial link between the Bitcoin payment system and the operator of Internet black market Silk Road.
Amazon set to dominate online this holiday
Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.
Digital ad spending by US retailers to rise this year- report
US retailers will spend more on digital advertising this year. According to an eMarketer report, retailers will increase their budgets by 15.7% to USD 9.50 billion for ads on the mobile space.
Latest News
Japanese chipmaker Toshiba offered to acquire solid-state hard drive maker OCZ Technology Group Inc. in a planned bankruptcy proceeding. The California-based company will immediately file for bankruptcy and liquidate if the deal with Toshiba falls apart.
23andMe Chief Executive Officer Anne Wojcicki defended her company's genetic testing product and stands by the data on the accuracy of their results after the public warning letter issued by the US Food and Drug Administration.
Golub Capital announced that it provided a USD 193 million one-loan debt facility to Los Angeles-based private equity firm Aurora Capital Group to support its National Technical Systems Inc acquisition.
Take-Two Interactive Software, Inc. entered into a Purchase Agreement with Icahn Group. On November 26, 2013, Take-Two Interactive Software, Inc. entered into a Purchase Agreement with High River Limited Partnership, Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP and Icahn Partners Master Fund III LP, pursuant to which the Company agreed to repurchase 12,020,744 shares of the Company's common stock owned by the Icahn Group, at a price per share of $16.
ZOOM TECHNOLOGIES INC. TO ACQUIRE BEIJING BAIFEN TONGLIAN INFORMATION & TECHNOLOGY CO., LTD. Zoom Technologies, Inc. (Nasdaq:ZOOM) is a technology holding company focused on the mobile telecommunications and technology space.
The accessibility of purchasing and selling Bitcoins via ATMs were popular, that a Robocoin Bitcoin ATM stationed in Vancouver, Canada raked in over 1,500 transactions at more than CAD1 million in 29 days.
Should an average consumer ride on the Bitcoin frenzy? An article published on the The Guardian cautions investors about the unclear nature and use of the Bitcoin, and asks them to wait unless a government-sanctioned financial system for the virtual currency is in place.
UK Business Secretary Vince Cable, with assistance from Business Minister Michael Fallon, presented evidence to the Business Committee of the British Parliament to assure the public that Royal Mail shares in the IPO was not undervalued.
The price briefly topped the equivalent of $1,000 on Chinese exchange BTC China back on 19th November, but this is the first time this level has been reached in a US dollar denominated exchange rate.
