Bitcoin

Bitcoin Daily: Jack Ma Hints At Bitcoin Bubble, Phishing Scam Makes ‘WannaCry’ Bluff

Bitcoin Daily

The EOS network took the top spot in an evaluation of blockchain networks by China’s Ministry of Industry and Information Technology (MIIT), CoinDesk reported. EOS was followed by Ethereum in second place, with NEO rated third. Bitcoin, however, is far behind, taking up 17th place. The list seeks to “evaluate the development level of global public-owned chain technology” and “accurately grasp the trend of blockchain.”

Alibaba’s Jack Ma believes in the blockchain but wants to stay away from bitcoin, CNBC reported.

“Technology itself isn’t the bubble, but bitcoin likely is,” Ma said at an event. While bitcoin reached nearly $20,000 last year, the cryptocurrency was trading at $6,248.82 as of 6:45pm on Monday (June 25).

In other news, a phishing scam purports to infect computers with WannaCry and asks users to pay up in bitcoin if they don’t want their files deleted, ZDNet reported. The email, which reportedly comes from the “WannaCry-Hack-team,” tells recipients that “WannaCry is back” and all of their devices have been hacked. The phishing email appears to be a bluff, according to reports  and Action Fraud in the U.K., along with the City of London Police, have issued an alert about the reported scam.

The reserve price for a 17,000-square-foot mansion in Rome at an upcoming auction is set at $44 million, or approximately 7,200 in bitcoin, Quartz reported. Would-be buyers can bid on the property with cryptocurrency or U.S. dollars, for those who don’t wish to use crypto. Either way, the property comes equipped with 11 bedrooms and 15.5 bathrooms, along with a private garden, chapel and theatre.

In other news, Eticket, has launched a peer-to-peer (P2P) platform for ticket sales using the company’s digital tokens, according to an announcement.  With the platform, users can reportedly buy and sell tickets around the world without intermediaries. Founded in 2015 by Daniil Kruchinin, the system currently serves markets in Israel, Russia and Asia.

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