Hackers have demanded 565 bitcoins, currently worth about $5 million, from Mexico’s national oil company Pemex in a cyberattack. The hack, detected on Sunday by Pemex, has forced the company to shut down its computers across Mexico, Reuters reported Wednesday. The post Hackers demand $5M in bitcoin from Mexico’s national oil company Pemex appeared first on The Block.

The Iranian government has reportedly finalized power tariffs for cryptocurrency miners and is offering a bounty for exposing illegal mining operations in the country. The post Iran announces power tariffs for crypto miners; offers bounty for exposing illegal operations appeared first on The Block.

Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls.