Bitcoin has turned into a central focus of mainstream media all around the world after the international WanaCrypt0r 2.0 cyberattack.
As companies and institutions continue steadily to see the results of the ransomware exploit, that used a Windows vulnerability to get control of tens of thousands of computers, media sources are focusing - sometimes erroneously - on Bitcoin itself.
In the UK, where the general public health service was paralyzed because utilization of outdated os's, newspapers have published “guides” on Bitcoin explicitly because it was the currency of preference for WanaCrypt0r's perpetrators.
“Governments are increasingly concerned with taxation and not enough control within the currency,” the lead of one particular article in The Sun reads.
Misinformation about the character and status of Bitcoin internationally is just a common problem in non-technical circles.
The UK is yet to determine on hard-and-fast measures associated with taxation of cryptocurrencies, the “concern” the Sun mentions doesn't reflect statements from entities like the Bank of England, which will be seeking to market a healthier regulatory environment for both crypto and Blockchain.
Other content published in the Sun is merely wrong, meanwhile, like the assertion Bitcoin has “no transaction fees.”
Nonetheless, the pressure on Bitcoin's image is having little impact on broad consumer or investor confidence.As prices bounce back adhering to a slight dip within the weekend, trade volumes on LocalBitcoins hit a new all-time high for the 7 days ending Saturday, data for Coin Dance shows.
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