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Democratic Representative Bill Foster has called for legal power to identify wallet holders and reverse crypto transactions in instances of criminal behavior such as ransomware attacks. Go to Source Powered by WPeMatico
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, … Read more
CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Go to Source Powered by WPeMatico
Joe Biden said that the U.S. and Russia might have the beginnings of a “cybersecurity arrangement that begins to bring some order” within the next year. Go to Source Powered by WPeMatico
What do basketball and cybersecurity have in common? More than you think. When you break down the stats, it’s usually all about finding the hidden threat before its too late. Cybersecurity has zero days and ransomware attack vectors. Our news outlets have been flooded with them lately: Colonial Pipeline, JBS Foods, AXA, and the list … Read more
The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there are areas of mutual interest,” the G7 leaders said. G7 Nations Ask Russia … Read more
U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are the “wild west” of investments and called for a regulatory crackdown on the industry. Some on social … Read more
The FBI may have access to a lot more BTC in hacking group’s addresses. Go to Source Powered by WPeMatico
Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. Go to Source Powered by WPeMatico
On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery” of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private … Read more
