This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. Bitcoin, a digital currency, was created in 2008. Shares of Bitcoin are sold on internet exchanges where users bitcoin twitter newsroom anonymous.
As the value of the cryptocurrency continues to hit record highs, here’s how it works. As bitcoin’s value continues to surge, North Korean hackers are taking advantage by targeting exchanges to gain financial profit, experts said on Friday as sanctions against Kim Jong Un’s regime threaten to impede on economic development. 17,000 after the value see-sawed for a few hours. 1,000 at the start of the year.
FILE – In this Monday, April 7, 2014, file photo, a bitcoin logo is displayed at the Inside Bitcoins conference and trade show in New York. Bitcoin’s value has skyrocketed this year. Digital currency might be easier to gain than physical currency. Shen said she and other researchers have been tracking Lazarus, Bluenoroff and Andariel — hacking groups suspected of being backed by North Korea — and attacks done on banks in Europe and South Korea, an ATM company and bitcoin exchange. She told Sky News cyberattacks are usually conducted to gain confidential information, but they have been recently veered toward gaining digital currency. However, recently we’ve discovered that some of the APT groups are trying to hack financial institutions like banks and Bitcoin exchanges to gain financial profit. So I assume they will do more Bitcoin attacks and of course they will keep targeting banks because that’s what they did before.