Federally Chartered Banks and Thrifts May Participate in Independent Node Verification Networks and Use Stablecoins for Payment Activities
Yesterday, the Office of the Comptroller of the Currency (OCC) released a letter stating that national banks’ and federal savings associations’ had the authority to participate in independent node verification networks (INVN). The letter also clarifies that these entities can use stablecoins to conduct payment activities and other bank-permissible functions.
On December 24, Russian cryptocurrency exchange Livecoin released a post stating that they had been the target of a cyberattack leading to loss of control over some of its servers. The warning advises customers to temporarily refrain from using its services, including depositing funds, making trades, and using API. The
The Top 10 Security, Technology, and Business Books of the year is a list compiled by OODA CEO Matt Devost and is typically one of the most popular posts on the site every year. This year, an eclectic list that takes care to avoid pandemic related topics and features some deep cuts that you won’t find anywhere else.
Seven years after the arrest of Silk Road founder Ross Ulbricht, US law enforcement has also seized $1 billion in bitcoin attached to the operation. Ulbricht’s laptop left keys to unlock only a fraction of the finances he had amassed over the years of the black market drug trade. The
Bradley Rotter is a visionary investor who has pioneered investments in many new alternative investments classes including having been an early backer of hedge funds in 1982 while speculating on the Chicago Mercantile Exchange. He was also an early investor in Bitcoin and other cryptocurrency ecosystems and at a dinner with OODA CEO Matt Devost in 2012 predicted Bitcoin would exceed the price of gold.
A 17-year-old teenager from Florida has been arrested in connection with a recent Twitter hack that targeted verified accounts and high profile individuals. The teen was allegedly the mastermind behind the attack, which raked in over $100,000 bitcoin in just one day. Two others have also been charged in connection
A recent cyberattack that targeted verified users on Twitter is still being investigated by the platform. However, the social media giant has confirmed that a total of 130 accounts were compromised as part of a cryptocurrency campaign attempting to scam victims out of bitcoin. The major cybersecurity incident occurred two
Hackers targeted Twitter employees to hijack accounts of Elon Musk, Joe Biden and others in digital currency scam
Yesterday, hackers gained access to over a dozen high-profile accounts on Twitter as part of a bitcoin scam campaign. The accounts of politicians such as Joe Biden and former President Brack Obama, tech billionaires such as Elon Musk, Bill Gates, and Jeff Bezos, and corporate accounts like that of Apple
New Zealand law enforcement has reportedly seized assets worth $90.68 million from a Russian man who is suspected of money laundering billions of dollars in digital currency. The assets were being held in a New Zealand company owned by cybercriminal Alexander Vinnik, who is wanted in the US, France, and
Justice Gets 15 Guilty Pleas for International Crime Ring that Laundered Money Through Cryptocurrency Exchanges
A recent case involving an international scam that posted fake auctions online and laundered money hit a huge milestone last week, with fifteen people involved in the case entering guilty pleas for their association with the scam. According to experts, the case could be useful as a template for nation-state