Bitcoin exceeds its price of November 2017: Attacks and responses

Suddenly the cryptocurrencies have started to give good news. The volume of business is close to the level we found in November 2017 and the price of Bitcoin has already exceeded $ 7,000 on the same date.

The Blockchain projects bring new surprises every day and the amount of cryptocurrencies are marked in 1690 according to CoinMarketCap. The presence of crypto-core has grown with its users.

Although everything is progressing the “crypto” world receives frontal attacks from financial entities, perhaps in an attempt to defend the system.

The latest statements by the CEO of Mastercard, Ajay Banga has raised the controversy. During the ‘New India Lecture’ organized by the Consulate of India in association with the Strategic Association Forum between the United States and India, when discussing issues related to cryptocurrencies and their influence on trade. The CEO of one of the major financial services companies did not express ambiguity when establishing his point of view: “I think the cryptocurrency is garbage … The idea of ​​an anonymous coin produced by people who have to exploit it, whose value can fluctuate enormously , which for me is not the way in which any means of exchange deserves to be considered as a means of exchange “.

The CEO of Mastercard addressed the piracy incident of the Democratic National Committee committed by 12 Russian intelligence officers. The remarkable fact is that the most delicate transactions were handled with the use of Bitcoin. The anonymity of blockchain-based payment systems endangers society. As Banga said, “why would civil society like to put a snake in its backyard and think that somehow the snake will only bite my neighbor, I do not understand it”.

Although you can not doubt the trajectory of Ajay Banga, The crypto community grows and in this flood you see this news of the Fiat world with disbelief and offense.

While Mastercard’s CEO attacks the cryptosphere frontally, appealing to the danger of anonymity, from Chile a massive hacking is reported to several banking entities in the country stealing bank data from 14,071 customers forcing the government to respond with an investigation.

According to the Superintendency of Banks and Financial Institutions of Chile (SBIF), the attack of ShadowBrokers released information on the number, expiration date and security number of the named credit cards. The cybercriminals spread the information in a tweet at 7:35 AM on July 25. However, the situation was announced by the regulatory authority around 5:00 PM. This represents a time gap between the attack and the announcement of approximately 10 hours.

Regarding the figures, according to the information available up to the minute, the total number of credit cards whose information was published is 14,071, issued in different proportions by the Santander-Chile, Banco de Chile, Banco de Credito e Inversiones, Itaú banks Corpbanca, Banco Estado, Banco BBVA Chile, Scotiabank, Banco Security, Banco Falabella, Banco Bice, Banco Paris, Banco Internacional and Banco Consorcio; In addition to CMR, Ripley MasterCard, Presto, Tricot, and cooperative Coopeuch. Additionally, foreign issuers were detected.

The same superintendence also informs that the origin of the leak would come from an international trade.

Remember what is one of the great advantages of currencies based on Blockchain technology?

Do not need a third party to administer our data, or manage our transactions. Because, as has been shown, “third parties” have too much power. But of course, this point to the CEO of one of the global financial institutions, should become a great disadvantage, since no one likes to lose power.

Dawns and despite the attacks, regulations and threats, the volume of business of the cryptocurrency awakens close to 300,000,000,000 dollars (we have been flirting with this figure all week) and every day appears from any corner a new solution based on Blockchain technology , decentralized, strong, anonymous and free.

Daniela Caro

Daniela Caro

Writer by birth, curious by profession ... I learn a little more every day from the cryptocurrency.