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BREAKDOWN: Ransomware Is the Next Big Bitcoin FUD

Author
CoinDesk
Published
Wed 02 Jun 2021
Episode Link
None

With a rise in ransomware attacks, many are jumping to blame bitcoin and crypto. Are they right?
This episode is sponsored by Nexo.io.
Today on the Brief:

China’s next digital yuan trial

More Bitcoin ETF delays

Standard Chartered to open crypto prime brokerage

Our main discussion focuses on the rise of ransomware. NLW examines:

The real reasons ransomware is on the rise 

The factors beyond crypto payments that contribute to ransomware 

Why some are using ransomware as justification for crypto bans

Why crypto bans would be painfully ineffective at stopping ransomware

Why the Biden Administration’s response to ransomware should give the crypto industry cause for optimism

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Image credit: mikkelwilliam/iStock/Getty Images

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