Cyber security researchers attribute string of recent cyberattacks on virtual currency exchanges on North Korea-backed hackers

With much of its exports to China being blocked by U.N sanction, an impoverished and increasingly cornered North Korea has taken the cyber route to enriching itself. With the recent surge in the price of bitcoins, cyber security experts opine the net worth of its stolen tokens amount to $82 million. With more international sanctions…

Banks should deepen their commitment to instant payments to avoid alternatives such as Bitcoin: ECB’s Yves Mersch.

Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…