Australian Minister Slams Gov’t for Weak Response to Ransomware ‘Epidemic’
Australian Shadow Cybersecurity Minister Tim Watts has criticized the sitting government for its weak response to ransomware Go to Source Powered by WPeMatico
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Next Step Mobile Surveillance: How You Walk, Your Heartbeat – Why Bitcoin Matters to Combat Government Privacy Invasion
It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk to authenticate people.” The high tech proposal, designed to fight hackers … Read more
Columbia Law Professor Labels Bitcoin as a “Crime Tool”
Scholars often do not take kindly to innovation, particularly in the financial sector. A recent “paper” by a Columbia Law professor only confirms this bias. It is not the first time a university professor tries to bash Bitcoin. Not Everyone Gets Bitcoin Nor will it be the last time either. A lot of people lack … Read more
Governments Begin to Roll Out FATF’s Travel Rule Around the Globe
FATF’s deadline for crypto AML adoption is looming, and several counties have implemented the rules. But how are crypto firms coping under the new regime? Go to Source Powered by WPeMatico
US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers
The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy. Also … Read more
Chainalysis Report Confirms Criminal Transactions Represent 1.1% of all Crypto Activity
No one will be surprised to learn that criminals still favor Bitcoin. A new report by Chainalysis shows 2019 was a good year for the culprits, but a bad one for the rest of the world. Over the years, there have been many rumors regarding Bitcoin and online crime. A Different Look at Crypto in … Read more
Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court
The senior adviser to the Silk Road dark web marketplace has admitted one count of conspiracy to distribute narcotics in a U.S. federal court Go to Source Powered by WPeMatico
New Report Confirms 15% of Ransomware Victims Paid up in 2018
Ransomware remains a very prominent trend in the IT landscape. As more victims pay the associated ransom, that trend will only grow worse. A new report issued by Dark Reading paints a very bleak picture. Ransomware is Still a Booming Industry It determines that ransomware is still a problematic industry, for many different reasons. First … Read more
Fed Governor Blasts Bitcoin for its Ties to “Illegal Activities”
It is a well-known fact that US politicians don’t like bitcoin very much. Particularly the Federal Reserve governor still sees plenty of problems, primarily due it facilitating illicit activities. In a recent meeting, the bitcoin debate was reopened once again. The Fed Still Hates Bitcoin As regulators prepare to take a closer look at cryptocurrencies, … Read more
Ex-Bitmain Chip Designer Reportedly Arrested for Alleged Embezzlement
A former leading chip designer at Bitmain has reportedly been arrested on suspicion of alleged embezzlement Go to Source Powered by WPeMatico