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Bitcoin Airs on 60 Minutes; 'Bitcoin' Google Searches Hit 14-Month High; Binance Recaps Hack

cryptoglobe

1mon ago

There was no shortage of crypto news over the weekend. By far the most significant was popular U.S. television program, 60 Minutes, airing a segment dedicated to Bitcoin. Also making headlines was the ‘bitcoin’ keyword reaching a 14-month high on Google, along with Binance's publication of its much-anticipated recap regarding its recent major security breach.

Over the past 24 hours, the price of bitcoin (BTC) and ether (ETH) are trading at $7,859.4 (-1.0%) and $249.5 (-2.5%), respectively – at the time of writing. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,798.0 (-3.9%).

Overnight in the U.S., Bitcoin was the basis of a segment on CBS’ award-winning 60 Minutes television program. Among those featured: the governor of the Federal Reserve, the director of MIT Media Lab’s Digital Currency Initiative , and Laszlo Hanyecz (colloquially known as ‘bitcoin pizza guy’).

To be sure, the 60 Minutes airing represents a significant milestone for Bitcoin and the entire crypto space. On Friday, the popular news program also published a preview of Sunday’s Bitcoin-devoted segment on its 60 Minutes Overtime website.

According to data from Google Trends, searches for the keyword “bitcoin” have recently hit a level not seen since February 2018. Interestingly, the range bitcoin was trading in at this previous high was $8,000 – $11,000; the lower-end of bitcoin’s current price. The countries showing the most interest in bitcoin are South Africa, the Netherlands, Slovenia, Austria, and Nigeria.

Additionally, it appears the aforementioned 60 Minutes segment has sparked a burst of bitcoin-related curiosity. At the time of writing, the keyword ’60 minutes’ features in the four highest rising related queries over the past 24 hours.

Following its significant security breach on May 7 – which resulted in the theft of over 7,000 bitcoin – Binance published an extensive blog post recapping the incident. Authored by co-founder and chief executive Changpeng ‘CZ’ Zhao, the post confirmed that the hackers managed to gain control of a number of Binance user accounts and structured large withdrawals from these accounts in such a way that Binance’s “pre-withdrawal risk management checks” failed to detect anything.

According to CZ, the Binance team has learnt an incredible amount from the unfortunate hack. “Given this incident,” CZ wrote, “Binance has…become far more secure than before, not just in the affected areas, but as a whole.”

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