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Updated at 2/22/2018 10:02:43 PM UTC
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Cryptocurrencies Fuel Cybercrime: Report



Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.
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Ripple-011818.jpg Ripple is one of the most popular cryptocurrencies in South Korea, a leading market for cryptocurrencies, where both young and old have been investing heavily in these currencies with the hope of making a quick profit. XRP has moved into the top five cryptocurrencies by market capitalization on CoinMarketCap amid their dramatic rise over the last year.

bitcoin1-011818.jpg Bitcoin was the wonderkid of the financial markets in 2017 with the price of the cryptocurrency, once dismissed as something reserved for the geeks, cryptography enthusiasts and the darknet, skyrocketing to unprecedented levels, alternating with several nosedives.

Slideshow1-Bitcoin-062016-sm.jpg Bitcoin, once dismissed as something reserved for geeks and the cryptography enthusiasts, is back in the limelight, as the price of the cryptocurrency appreciated in recent weeks.

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