Price Highs, Bull Runs, and Thieves: Bad Crypto News of the Week

The dollar price rose more than 5 percent, taking it to around $11,700.

A flash crash took $1,500 off the price at one point, although investors remain bullish and the VIX volatility index, which is based on the S&P 500, is "Extremely bullish." Other volatility measures suggest another drop to $10,000 before a new rally, while the Winklevoss twins think that the amount of infrastructure and capital in the crypto markets will make this bull run very different from the 2017 run.

Where there are riches, there are also thieves, and hackers have broken into a cryptocurrency trading platform in Europe.

The thieves stole more than $1.3 million from 2gether.

Bitfinex is still trying to track down hackers who stole more than 120,000 Bitcoins back in August 2016.

The exchange is offering a reward of up to $400 million and is even willing to give the hackers 25 percent of the total property recovered.

Hackers have been taking over big YouTube channels, changing their names to topics like SpaceX and Elon Musk, and offering similar Bitcoin giveaways.

The hackers appear to be using phishing attacks targeting the owners of large channels.

Chinese Internet users have turned to the blockchain to share a censored news article.

Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast.