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.
Misinformation
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utilization of outdated os's, newspapers have published “guides” on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.
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