Why hackers use bitcoin and why it is so difficult to trace

Although it hasn’t found success as a mainstream, transactional currency, it is increasingly used in scams. Purporting to be former President Obama, Bill Gates and Kanye West, hackers steered Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down.

Before Twitter-Bitcoin hack, online forum offered accounts for sale

Before a hacking campaign tore through Twitter and compromised some of its most high-profile users, an ad went up on a gray market site that facilitates the trade of user accounts for popular websites, including not only Twitter but Netflix,  Instagram, Minecraft and others.

Bitcoin: What is halving?

Halving occurs every four years and reduces the amount of bitcoin mined in each transaction by 50 percent.