According to the South Africa Times report reaching into our bitcoin news today, two people have been arrested by the police in Mpumalanga, South Africa for the kidnapping of a 13-year-old boy whose family was forced to pay a bitcoin ransom of $120,000.
The boy was kidnapped in May 2018 and the South African Police Service immediately created a special task team to find the boy and arrest the criminals. The SAPS official Brigadier Leonard Hlathi said:
‘’These cases were the first of their kind in Mpumalanga and a task team comprising of different units within the South African Police Service was immediately established by police management to investigate this matter.’’
The victim was kidnapped on his way from the store with his friend. The criminals forced him into silver Toyota Corolla in the middle of the day but a neighbour’s CCTV camera captured the entire thing. The boy’s parents were told to pay approximately 1.5 million rands or about 32 BTC.
The first suspect was caught in November and the second one in December and both were aged 30 and had the same plan to demand ransom in bitcoin. They both appeared in court and bail has been set for them at 1,000 rands each.
Another incident such as this one happened in Cape Town when the popular, local businessman Liqayat Parker was kidnapped on his way to work and the kidnappers demanded over 50 BTC for his release. Parker was released after two months of being locked up but it is still unknown whether his family paid the ransom.
Bitcoin Investing: Over 50% Of Retirees In US Are Crypto-Aware
- I know bitcoin is, but am not interested in investing - 56.7%
- I already own some bitcoin - 2.7%
- I have no idea what bitcoin is - 32.9%
- I know bitcoin but don’t know how to invest - 3.4%
- I’m keeping an eye on it - 4.3%
“This audience represents some low-hanging fruit for the Bitcoin community to go after. Retirees are always interested in alternative assets that can help diversify their portfolio against market fluctuations.” “The IRS approving cryptocurrency IRAs is an indication that retirees are increasingly interested in including some cryptocurrencies in their retirement accounts.”For now, US retirees are active in traditional investments such as stocks, bonds and real estate - while Bitcoin investments are still on the rise. In contrast to them, millennials are far more open-minded when it comes to embracing new asset classes, as many best cryptocurrency news sites have reported. Baby boomers, on the other hand, are somewhere in the middle.
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“We’re struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are.”He also went on to add that "crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs," saying that he believes that the current Bitcoin price analysis shows that just like other classes, BTC faces a slow and painful path to recovery. Featured on many best cryptocurrency news sites, Dennean's statement also likened the Bitcoin price "bubble" to the 1929 Dow Jones collapse, suggesting that it might take slightly more than two decades for the dominant cryptocurrency to reach its highs in the likes of $20,000.
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past,"In his Bitcoin price analysis, Dennean said:
"The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past."He also compared the rapid rise and fall of the Bitcoin price and warned the public:
"Maybe crypto-bull contingents should consider what happens after the bubble–not every bubble that bursts recovers the old highs."In line with the coming altcoin news which see a lot of coins as idle, the latest Bitcoin price analysis shows that there could be a possibility for a bullish run for BTC in the future - and all of this alone gives hopes to many traders and BTC price believers.
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