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Bitcoin blasts past $14,000, less than 24 hours after crossing $12,000
Bitcoin rocketed higher on Thursday, crossing the $14,000 mark less than 24 hours after topping $12,000, reports CNBC. The landmark happened on the Coinbase exchange just before 4:30 am, and it traded as high as $14,400 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. CoinDesk, a widely regarded industry site, didn't show the cryptocurrency crossing the $14,000 level until about 6 am, according to its average of prices across leading exchanges.
The digital currency's gains accelerated after crossing the psychologically key level on Wednesday morning. Bitcoin now has a market value of more than $230 billion, meaning it would rank among the 20 largest stocks in the S&P 500. The latest swing higher came as bitcoin topped $12,000 on Wednesday morning in a rapid recovery from a 20% drop last week. The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows.
Uber paid 20-year-old Florida man to keep data breach secret
A 20-year-old Florida man was responsible for the large data breach at Uber Technologies last year and was paid by Uber to destroy the data through a so-called “bug bounty” programme normally used to identify small code vulnerabilities, sources told Reuters.
Uber announced on November 21 that the personal data of 57 million passengers and 600,000 drivers were stolen in a breach that occurred in October 2016, and that it paid the hacker $100,000 to destroy the information. But the company did not reveal any information about the hacker or how it paid him the money.
It made the payment last year through a programme designed to reward security researchers who report flaws in a company’s software, sources said. Uber’s bug bounty service - as such a programme is known in the industry - is hosted by a company called HackerOne, which offers its platform to a number of tech companies.
Oil edges up after drop in US crude inventories, but soaring output weighs
Oil prices inched up on Thursday on a decrease in US crude inventories, but rising gasoline stocks and crude production weighed on the market, reports Reuters. Traders said the higher prices came as US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Trump recognises Jerusalem as Israel's capital, defying allies, foes
President Donald Trump on Wednesday reversed decades of US policy and recognised Jerusalem as the capital of Israel, imperilling West Asian peace efforts and upsetting Washington’s friends and foes alike, reports Reuters. Trump announced his administration would begin a process of moving the US embassy in Tel Aviv to Jerusalem, a step expected to take years and one that his predecessors opted not to take to avoid inflaming tensions.
The status of Jerusalem - home to sites holy to the Muslim, Jewish and Christian religions - is one of the biggest obstacles to reaching a peace agreement between Israel and the Palestinians. Israeli Prime Minister Benjamin Netanyahu hailed Trump’s announcement as a “historic landmark,” but other close Western allies of Washington such as Britain and France were critical.
Bitcoin blasts past $14,000, less than 24 hours after crossing $12,000
Bitcoin rocketed higher on Thursday, crossing the $14,000 mark less than 24 hours after topping $12,000, reports CNBC. The landmark happened on the Coinbase exchange just before 4:30 am, and it traded as high as $14,400 on that platform. That said, there are often significant price differentials on different bitcoin exchanges. CoinDesk, a widely regarded industry site, didn't show the cryptocurrency crossing the $14,000 level until about 6 am, according to its average of prices across leading exchanges.
The digital currency's gains accelerated after crossing the psychologically key level on Wednesday morning. Bitcoin now has a market value of more than $230 billion, meaning it would rank among the 20 largest stocks in the S&P 500. The latest swing higher came as bitcoin topped $12,000 on Wednesday morning in a rapid recovery from a 20% drop last week. The digital currency began the year below $1,000 and its gains have accelerated as investor interest grows.
Uber paid 20-year-old Florida man to keep data breach secret
A 20-year-old Florida man was responsible for the large data breach at Uber Technologies last year and was paid by Uber to destroy the data through a so-called “bug bounty” programme normally used to identify small code vulnerabilities, sources told Reuters.
Uber announced on November 21 that the personal data of 57 million passengers and 600,000 drivers were stolen in a breach that occurred in October 2016, and that it paid the hacker $100,000 to destroy the information. But the company did not reveal any information about the hacker or how it paid him the money.
It made the payment last year through a programme designed to reward security researchers who report flaws in a company’s software, sources said. Uber’s bug bounty service - as such a programme is known in the industry - is hosted by a company called HackerOne, which offers its platform to a number of tech companies.
Oil edges up after drop in US crude inventories, but soaring output weighs
Oil prices inched up on Thursday on a decrease in US crude inventories, but rising gasoline stocks and crude production weighed on the market, reports Reuters. Traders said the higher prices came as US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Trump recognises Jerusalem as Israel's capital, defying allies, foes
President Donald Trump on Wednesday reversed decades of US policy and recognised Jerusalem as the capital of Israel, imperilling West Asian peace efforts and upsetting Washington’s friends and foes alike, reports Reuters. Trump announced his administration would begin a process of moving the US embassy in Tel Aviv to Jerusalem, a step expected to take years and one that his predecessors opted not to take to avoid inflaming tensions.
The status of Jerusalem - home to sites holy to the Muslim, Jewish and Christian religions - is one of the biggest obstacles to reaching a peace agreement between Israel and the Palestinians. Israeli Prime Minister Benjamin Netanyahu hailed Trump’s announcement as a “historic landmark,” but other close Western allies of Washington such as Britain and France were critical.
Bitcoin’s origin story remains shrouded in mystery. Here's why it matters from CNBC.
Bitcoin passes $14,000 on Coinbase index from CNBC.