Author: Mark

Why Bitcoin will not go to $1000

Why? Don’t get me wrong I want Bitcoin to go into the $10,000 but we need to be realistic. What really caused the first bubble in december that took Bitcoin to $1000?  According to Coindesk: There is more speculation today that bitcoin’s November 2013 surge and Mt. Gox’s trading volume’s were built in part on fraudulent trading activity To summarize the story about the MtGox Bot, it simply pumped the …
[Read More]

4 Current threats to Bitcoin

In this article I will talk about the biggest threats to Bitcoin. The idea of virtual currency is not new, we have seen it in video games as gold and tokens which can be bought with real money. The real revolution is the blockchain that Bitcoin is based upon. Many compare the blockchain to the TCP/IP protocols when internet was first introduced. Because of this new peer-to-peer technology known as …
[Read More]

Why Bitcoin is rising

  Why? As of today, May 25th Bitcoin has gone up over 100$ in the past week. Why is Bitcoin following such an uptrend after months of trouble and decline. Some argue that the price has been steady for long enough and now investors are hungry and are looking to profit, other’s are saying that more people are finding out about Bitcoin and want a piece of the currency. Despite …
[Read More]

Hacked Ebay database for sale for 1.45 bitcoin

What happened?   Recently Ebay’s database has been compromised by a group of cyberhackers. This records as the second largest database breach in history with over 140 million users compromised. We weak link in this cyberattack were the employees. The attackers were able to get access to Ebay employee credentials and were able to access the corporate network, which granted them access to the database. Ebay and Paypal urged customers …
[Read More]