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The US says it will start treating ransomware investigations much more seriously, Bing is censoring search results from Tank Man images, and El Salvador will become the first country to legal tender Bitcoin.
It’s all the business / tech news that’s popular right now. Welcome to hashtag trends! It’s Monday June 7th and I’m your host, Alex Coop.
Reuters reports that the US Department of Justice is prioritizing investigations into ransomware attacks following the hacking attack on the Colonial Pipeline and increasing damage from cyberattacks as a priority as it does terrorism. Internal guidelines sent to U.S. prosecutors across the country on Thursday suggested coordinating ransomware investigations from a new task force in Washington, according to the release. When it came to the Colonial Pipeline attack, the company decided to pay nearly $ 5 million to the hackers who broke into their systems to regain access.
The Internet went ballistic after Microsoft was discovered blocking images and videos around the world of “Tank Man,” the unidentified protester during brutal China Raid on demonstrations for democracy on Tiananmen Square in Beijing on June 4, 1989. According to several reports, the photos were removed worldwide by Microsoft’s search engine Bing on Friday. It is worth noting that Friday was the 32nd anniversary of the event. A Microsoft spokesperson told CNN that they were accidentally taken offline and attributed the removal to “human error.” The images reappeared around the world – outside of China – on Saturday.
El Salvador is the first country to adopt Bitcoin as legal tender from technology
And finally, El Salvador wants to introduce legislation that will make it the world’s first sovereign nation to introduce Bitcoin as legal tender alongside the US dollar. In a video broadcast on Bitcoin 2021, a multi-day conference in Miami considered the largest Bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with the digital wallet company Strike to power the country’s modern financial infrastructure with Bitcoin Build technology. I’m sure that will * really * make the big banks there happy.
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