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Bitcoin losing favor with underworld

Published 01/02/2018, 08:02 AM
© Reuters.  Bitcoin losing favor with underworld
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  • With law enforcement stepping up its Bitcoin game, a number of alt coins - Monero, Ether, and Zcash among them, according to Europol - are gaining popularity with the criminal class.
  • In one example, online extortionists are favoring Monero - designed to avoid tracking - over Bitcoin for ransom payments. Monero quadrupled in value in the last two months of 2017 (while Bitcoin "only" doubled).
  • Source: Olga Kharif at Bloomberg
  • Bitcoin today is higher by 1.3% to $13,169. Ether's up 12% to a new all-time high near $850. Monero's up 4.6% to $354.
  • Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTCQB:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, LFIN
  • Now read: Bitcoin's Path To Million: Why This Bubble Is Not Bursting Anytime Soon


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