{"id":389686,"date":"2019-07-12T20:00:22","date_gmt":"2019-07-12T20:00:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=389686"},"modified":"2024-06-11T09:03:18","modified_gmt":"2024-06-11T09:03:18","slug":"trump-blasts-bitcoin-for-illicit-use-as-ny-college-is-hit-with-2m-ransomware","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/trump-blasts-bitcoin-for-illicit-use-as-ny-college-is-hit-with-2m-ransomware\/","title":{"rendered":"Trump Blasts Bitcoin For Illicit Use As NY College Is Hit With $2M Ransomware"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Last night, the TV personality, businessman, president of the \u201cfree world,\u201d Donald Trump took to twitter to blast <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>, Facebook\u2019s Libra, and the entire asset class of cryptocurrencies.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The outspoken United States president said that the asset class is \u201chighly volatile,\u201d \u201cunregulated,\u201d \u201cbased on thin air,\u201d and \u201ccan facilitate unlawful behavior, including drug trade and other illegal activity.\u201d While Bitcoin is so many other things, not even 24 hours after the President\u2019s tweet, Bitcoin is being used at the center of a $2 million ransomware case involving a New York City college.<\/span><\/p>\n<h2>NY College Hit With Ransomware Day After Trumps Tweets of Illicit Bitcoin Usage<\/h2>\n<p class=\"p1\"><span class=\"s1\">Federal policy makers have a sore spot when it comes to cryptocurrencies like <a href=\"https:\/\/ktsl888.com\/2019\/07\/11\/why-winklevoss-twins-approve-libra-as-crypto-despite-concerns\/\">Facebook\u2019s Libra<\/a> and Bitcoin. They represent the biggest challenge against the government\u2019s stronghold over society afforded to them through their control of government-issued fiat currencies, such as the US dollar, Japanese yen, or the Swiss franc.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Governments also fear the anarchy it can bring due to the layer of pseudo -anonymity it offers individuals. These same qualities make crypto like<a href=\"https:\/\/ktsl888.com\/2019\/01\/23\/google-security-crypto-cyber-criminals\/\"> \u201ccatnip\u201d for cyber criminals<\/a> according to on Google security researcher.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/01\/23\/google-security-crypto-cyber-criminals\/\">Google Security Expert: Crypto is Like Catnip for Cyber Criminals<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Criminals use <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and other cryptocurrencies in an attempt to remain hidden digitally using the asset class, and is a vehicle for money laundering and other \u201cunlawful\u201d activities as Trump called it.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity&#8230;.<\/p>\n<p>&mdash; Donald J. Trump (@realDonaldTrump) <a href=\"https:\/\/twitter.com\/realDonaldTrump\/status\/84072192?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 12, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">But Bitcoin and crypto get an unfair rep. Fiat currencies like the US dollar that Trump is championing is used in more crimes daily than nearly any other currency in the entire world, yet Trump isn\u2019t attacking his government-approved money.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Sadly, not even 24 hours later after Trump slamming Bitcoin for its use in crimes, Monroe College in New York City <a href=\"https:\/\/www.bleepingcomputer.com\/news\/security\/monroe-college-hit-with-ransomware-2-million-demanded\/\" rel=\"nofollow\">was hit with a massive ransomeware attack<\/a> involving &#8211; you guessed it &#8211; Bitcoin.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The cyber criminals are demanding 170 Bitcoin, or roughly $2 million by today\u2019s prices. Bitcoin may be a futuristic emerging technology, but its use in this crime is setting the college back decades.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2019\/07\/12\/pompliano-trumps-tweet-bitcoin-crypto\/\">Pompliano: Trump\u2019s Tweet Puts Spotlight on Lack of Trust Bitcoin Solves\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cWe know how to teach and educate without these tools,\u201d Monroe College spokesperson Jackie Ruegger said referencing that the college education must go on even if the entire campus\u2019 computer system is locked down by the ransomware.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Ransomeware is a malware script that\u2019s sent to a computer network and attacking it, and locking out the actual owners from using their vital equipment. The issue is <a href=\"https:\/\/ktsl888.com\/2018\/05\/24\/report-crypto-jacking-is-on-the-rise-overtaking-ransomware-as-preferred-method-of-attack\/\">growing widespread<\/a>, with more and more cases of the situation occurring on the regular at government offices and educators across the US.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">It\u2019s reasons like these why Trump and other policy makers can\u2019t see Bitcoin for all the positive it brings, but because Bitcoin cannot be controlled, it\u2019s always be free for anyone to do was they please with it &#8211; even commit crimes &#8211; and in a way that\u2019s the beauty of Bitcoin.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last night, the TV personality, businessman, president of the \u201cfree world,\u201d Donald Trump took to twitter to blast Bitcoin, Facebook\u2019s Libra, and the entire asset class of cryptocurrencies. The outspoken United States president said that the asset class is \u201chighly volatile,\u201d \u201cunregulated,\u201d \u201cbased on thin air,\u201d and \u201ccan facilitate unlawful behavior, including drug trade and other illegal activity.\u201d While Bitcoin is so many other things, not even 24 hours after the President\u2019s tweet, Bitcoin is being used at the center of a $2 million ransomware case involving a New York City college. NY College Hit With Ransomware Day After Trumps Tweets of Illicit Bitcoin Usage Federal policy makers have a sore spot when it comes to cryptocurrencies like Facebook\u2019s Libra and Bitcoin. They represent the biggest challenge against the government\u2019s stronghold over society afforded to them through their control of government-issued fiat currencies, such as the US dollar, Japanese yen, or the Swiss franc. Governments also fear the anarchy it can bring due to the layer of pseudo -anonymity it offers individuals. These same qualities make crypto like \u201ccatnip\u201d for cyber criminals according to on Google security researcher. Related Reading | Google Security Expert: Crypto is Like Catnip for Cyber Criminals Criminals use Bitcoin and other cryptocurrencies in an attempt to remain hidden digitally using the asset class, and is a vehicle for money laundering and other \u201cunlawful\u201d activities as Trump called it. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity&#8230;. &mdash; Donald J. Trump (@realDonaldTrump) July 12, 2019 But Bitcoin and crypto get an unfair rep. Fiat currencies like the US dollar that Trump is championing is used in more crimes daily than nearly any other currency in the entire world, yet Trump isn\u2019t attacking his government-approved money. Sadly, not even 24 hours later after Trump slamming Bitcoin for its use in crimes, Monroe College in New York City was hit with a massive ransomeware attack involving &#8211; you guessed it &#8211; Bitcoin. The cyber criminals are demanding 170 Bitcoin, or roughly $2 million by today\u2019s prices. Bitcoin may be a futuristic emerging technology, but its use in this crime is setting the college back decades. Related Reading | Pompliano: Trump\u2019s Tweet Puts Spotlight on Lack of Trust Bitcoin Solves\u00a0 \u201cWe know how to teach and educate without these tools,\u201d Monroe College spokesperson Jackie Ruegger said referencing that the college education must go on even if the entire campus\u2019 computer system is locked down by the ransomware. Ransomeware is a malware script that\u2019s sent to a computer network and attacking it, and locking out the actual owners from using their vital equipment. The issue is growing widespread, with more and more cases of the situation occurring on the regular at government offices and educators across the US. It\u2019s reasons like these why Trump and other policy makers can\u2019t see Bitcoin for all the positive it brings, but because Bitcoin cannot be controlled, it\u2019s always be free for anyone to do was they please with it &#8211; even commit crimes &#8211; and in a way that\u2019s the beauty of Bitcoin.<\/p>\n","protected":false},"author":517,"featured_media":389687,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,6664,47785,3595,9848],"class_list":["post-389686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto","tag-monroe-college","tag-ransomware","tag-trump"],"acf":[],"yoast_head":"\n<title>Trump Blasts Bitcoin For Illicit Use As NY College Is Hit With $2M Ransomware<\/title>\n<meta name=\"description\" content=\"Last night, the TV personality, businessman, president of the \u201cfree world,\u201d Donald Trump took to twitter to blast Bitcoin, Facebook\u2019s Libra, and the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/trump-blasts-bitcoin-for-illicit-use-as-ny-college-is-hit-with-2m-ransomware\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Blasts Bitcoin For Illicit Use As NY College Is Hit With $2M Ransomware\" \/>\n<meta property=\"og:description\" content=\"Last night, the TV personality, businessman, president of the \u201cfree world,\u201d Donald Trump took to twitter to blast Bitcoin, Facebook\u2019s Libra, and the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/trump-blasts-bitcoin-for-illicit-use-as-ny-college-is-hit-with-2m-ransomware\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-12T20:00:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/07\/bitcoin-price-crypto-shutterstock_1064151254.jpg?fit=5520%2C3450\" \/>\n\t<meta property=\"og:image:width\" content=\"5520\" \/>\n\t<meta property=\"og:image:height\" content=\"3450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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