Apple Co-founder Launches a Crypto Project as Foxconn Hacked, Will Crypto benefit from the Biden Administration?
Surging prices, anticipation, and steady coin interest round out today’s headlines
Apple’s Co-founder Token Rallies 14X hours After Listing
Steve Wozniak is a crypto and blockchain supporter. He has, on several occasions, mentioned Bitcoin. Like Jack Dorsey of Square and Twitter, he would want cryptocurrencies to take over and become the world’s dominant payment systems.
45 years after founding Apple and seeing it succeed, Steve launched Efforce–native currency WOZX.
The focus of the project is to see people improve how they use energy and reduce consumption without changing people’s habits. He first mentioned the project in July 2019 at the Delta Summit in Malta.
On listing WOZX on HBTC Exchange, the token’s valuation rose to $950 million in 13 minutes as the token valuation rallied from $0.1 to $1.41.
Apple’s Partner Attacked, Hackers asking for a $34.2 Million Ransom in Bitcoin
Foxconn’s Mexican facility was hit on Nov 29. Its attackers asked for 1,804.0955 BTC or $34.2 million ransom.
The firm, which is the largest manufacturer of Apple products and one of the biggest electronic companies in the world, was infiltrated by hackers who stole and encrypted 100 GB of files and deleted 20 to 30 TB of backups.
As per reports, their financial or employee details were not affected. However, 1,200 servers are compromised.
Cryptocurrencies will benefit from the Biden Administration
Jeremy Allaire, the CEO of Circle, now says cryptocurrencies will benefit from the Biden Administration.
In an interview with CNBC’s Squawk Box, Jeremy said cryptocurrencies represent “ a seismic shift as large as the commercial internet.” Since Biden will embark on infrastructural changes to make America more competitive, crypto may be the building block needed for that.
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