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On 22nd March, a cyber-attack was discovered in the US city of Atlanta. In the attack, hackers shut down the main computer systems and demanded $51,000 in Bitcoin for re-enabling the affected systems. It was noted that this disruption was affecting systems through which some consumers used to pay bills and access information related to court. Computer hacking isn’t something new to hackers as cryptocurrency related hack has been attempted by them many times before.

According to some reports, the officials of the city are working with the US Department of Homeland Security FBI, and Microsoft to discover the extent of this violation and to find ways to resolve it. City officials invigorated citizens on 23rd March, in order to check their personal accounts and information, if any of them think that their personal information could be conceded in the hack.

Public Announcement of The Attack

The attack was announced by the mayor of Atlanta, Keisha Lance Bottoms, in a press conference on 22nd March. The members of the press were told by her that the officials still don’t have any idea about the extent of the attack or if bank accounts or personal data of anyone will be compromised as she stated:

“All of us are subject to this attack.”

Is there anything done to resolve the situation?

However, the situation still needs to be resolved. The price of Bitcoin is trading at $8,469 at this very moment, which shows that the demanded ransom is going to cost the city around 6 bitcoins as this is not the very first attempt of hackers to hold municipal computer systems as a hostage in exchange for the cryptocurrencies.

Former Attacks Linked to Bitcoin

Back in November 2017, Sacramento Regional Transit system was attacked by a hacker for a ransom of 1 bitcoin demand, and bitcoin had the worth of $8,000 at that time. Another malicious example of ransom for Bitcoin is from December 2017, when a parcel bomber in Germany demanded a €10 million ransom to be paid in the form of Bitcoin as he sent this in a message to a Potsdam Christmas market. However, the package failed to explode and had a QR-code for depositing bitcoins, as well as explosive material that was derived from nails and fireworks.

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Legendary Move by “Legends Club” In Las Vegas – Becomes The First Club To Install Bitcoin ATM

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Over the last few years, Bitcoin has seen an incredible growth in popularity. Numerous stores, corporations, and businesses have started accepting Bitcoin as a form of payment. But this is not the only interesting part. What’s more intriguing is the fact that Bitcoin is no longer confined to only  business community. The currency is starting to take on the entertainment industry just as well.

According to the latest news from LV, a Las Vegas-based club has installed a Bitcoin ATM and is planning to register members through Blockchain.

Peter Klamka – the owner of Legends Club stated: “It was an easy choice to make. The club is recently opened and judging by the traffic, it only seemed a natural location. It was something that I had always planned and there wouldn’t be a better time to pull this move off.”

Looking at Klamka’s history, it’s pretty obvious that the guy is filled with passion for Bitcoin. He operates a company named Bitcoin Direct, LLC, and had also installed a Bitcoin ATM in Mixed Martial Arts Studio in Las Vegas.

Interesting fact: The ATM is branded with one of the club’s strippers – adding some extra flavor to it. The members are also calling it the “Porn Star ATM”. The Porn Star ATM is the second that Klamka has branded. First one was Mike Tyson’s ATM.

While talking about his plans, Klamka proposed that he is also considering to brand sports and celebrity ATMs.

“I also think branded ATMs of any kind will bring new audiences and new users to digital currency,” he said. “Nick Blomgren (who runs the Legends Club as well as the mixed martial arts studio) and some of these performers are more willing to experiment and test ideas.”

“It is similar to branded slot machines that are everywhere in Vegas and in casinos in general,” Klamka said. “In a longer term, it will encourage business to embrace digital currency there are no chargebacks frauds and transaction fees are extremely low.”

“The goal is to make an item for organizations to help drive the business forward,” Klamka told CCN. “We’ve seen individuals wanting to take pictures beside these ATMs.”

“I also think that branded ATMs of any sort will pull new users towards cryptocurrency,” he said. ”

Why It Seemed Such a Perfect Fit?

The MMA community is closely allied with the club, and given the popularity of Bitcoin amongst the MMA community, it only seems natural to have a Bitcoin ATM at the club.

Famer Stephen Bonnar – club executive and UFC hall of Famer – has close ties with MMA fighters and is always working to assemble the MMA fighters as hosts, friends, and members of the club.

Bitcoin and Strip Clubs:

The Legends Room is possibly the first strip club in the world to accept Bitcoin payments in addition to accepting traditional payments for services that the club provides.

Moreover, the club is also working on the idea of registering membership through blockchain. The approach will allow the owners of Las Vegas nightclubs to rent memberships just like real estate.

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Altcoins to compete with Bitcoin, the world’s leading digital currency

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Bitcoin has started the month by hitting an all-time high of $1500, with maintaining its peak at $1441.39 in the month of April. The announcement of Japan officially recognizing Bitcoin as a legal payment method and that Russia’s lawmakers plan to release their ban off Bitcoin, has been extremely beneficial to Bitcoin’s new climb.

However, it’s opposing Altcoins are having their share of the spotlight as well.

 

Ether

Ethereum’s Ether is the second largest digital currency. It recently crossed its $15 mark and has reached its new target of $80. This has created a buzz in the cryptocurrency world and merchants might even adopt this currency side by side. Further testing and improvements, to the Ethereum’s blockchain, are said to be taking place in the future. All in all, this might give the currency an even bigger boost in the coming weeks.

Ripple

The Ripple network is being embraced by a large number of financial institutions to process domestic and cross-border payments. This has caused a sharp increase in the digital currency. It had an impressive jump from $0.0054 on March 1 to $0.054 on May 1.

Litecoin

Litecoin was created to be the “silver” to bitcoin’s “gold”. It’s been having an impressive rally, ever since the talk of “SegWit Implementation” has begun. The price of Litecoin has jolted from $6.74, to surpass the $15 mark on April 25.

Today, as we watch bitcoin alternative becoming increasingly popular, the amount of in-flight trade in goods using Bitcoin means that the value must increase in order to cover the value of the goods. As there is a limited supply of Bitcoin and the supply will only increase slowly over time to a maximum of 21 million, the increase in trade volumes will result in an increase in Bitcoin value.

While Altcoins are drawing a lot of attention towards themselves, let’s not forget that they are also riskier investments than bitcoin, because after all, they are untested and relatively unstable. Also, their prices can drop faster than they rose.

This is something to keep in mind when making your next altcoin currency in the current market state.

Tags: Largest digital currencies

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