The volatile swings of cryptocurrencies


BAD NEWS: Banks in the European Union should refrain from offering customer accounts in virtual currencies like Bitcoins until regulatory safeguards are in place, the bloc's banking watchdog said on Friday. — Reuters

LAST month, WannaCry ransomware created havoc in many markets to the extent of crippling hospitals in Britain and Spain.

The ransom money demanded by hackers then was cryptocurrencies.

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