Bitcoin volatility even putting off cybercriminals, according to new research

It comes as the price ofBITCOIN in US dollars has plummeted to around US$11,000
Bitcoin volatility even putting off cybercriminals, according to new research
Over the last quarter of 2017, there was reportedly a fall of 73% in payment demands that were inBITCOIN
The volatility in the Bitcoin price is even putting off cybercriminals, according to new research.
Over the last quarter of 2017, researchers saw a fall of 73% in payment demands from malware ransomware developers that were in Bitcoin, the UK newspaper the Guardian reported.
It comes as the price of Bitcoin in US dollars has plummeted to around US$11,000 today, from over US$19,000 only last month after the CRYPTOCURRENCY'S meteoric rise in 2017.
Proofpoint researchers, a cybersecurity firm, were quoted as saying that  soaring cryptocurrency values were a boon for holders of bitcoin.
"But they are a challenge for anyone who tries to price their product or service inBITCOIN — threat actors included.
"In Q4, newer ransomware strains appeared to take this into account.
"Sigma ransomware first appeared in mid-November demanding a payment denominated in US dollars."
OneBITCOIN is currently worth around US$11,877. 

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