Tuesday, December 19, 2017

What Do North Korea, WannaCry And Bitcoins All Have In Common?

It's official North Korea was behind the massive WannaCry cyrberattack.

North Korea behind the virus.

Victims received ransom demands, paying did not unlock their computers. Victims were told to pay in Bitcoin (untraceable).

Companies are now buying Bitcoins in order to hedge themselves against the next cyberattack.

What percentage of bitcoin buying is investment oriented versus hedging?

Ok companies are buying Bitcoin as a hedge, but what can they do to protect themselves in the mean time?

Easy. Just do this.

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