23 Sep 2021

Regulators Racing Toward First Major Rules on Cryptocurrency

After largely standing aside for years as cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, federal regulators are racing to address the potential risks for consumers and financial markets. Their concerns have only grown as both new and established firms have rushed to find ways

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16 Sep 2021

New Go malware Capoae targets WordPress installs, Linux systems

A new strain of malware called Capoae was publicized earlier this week by security research firm Akamai. The firm stated that the new malware is written in the Golang programming language, which is becoming increasingly popular among threat actors due to its cross-platform capabilities. The malware spreads through known vulnerabilities

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07 Sep 2021

Bitcoin Will Soon be ‘Legal Tender’ in El Salvador – Here’s What that Means

Starting today, El Salvador has become the first country to make bitcoin legal tender. The government is taking the program a step further by giving $30 USD in free bitcoins to citizens who sign up for its national digital wallet, known as Chivo. Foreigners who invest three bitcoins in the

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20 Aug 2021

Crunch Time for Liquid as Crypto Exchange Loses $97m to Hackers

Tokyo-based cryptocurrency exchange company Liquid has reportedly lost $97 million due to a cyberattack. Liquid revealed the incident yesterday evening, stating that warm wallets were compromised. The company reported that they were moving its assets into the cold wallet while it investigated the attack. Liquid also promised to provide regular

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11 Aug 2021

Hackers take $600m in ‘biggest’ cryptocurrency theft

A hacker has allegedly leveraged a vulnerability to steal $600 million from a blockchain finance platform in an attack that is being called the largest cryptocurrency theft to date. On Tuesday, the victim, Poly Network, announced the attack. The platform targeted was DeFi, a decentralized finance platform that works across

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07 Jul 2021

Cloud Cryptomining Swindle in Google Play Rakes in Cash

According to Lookout, at least 25 different apps available in the Google Play store have lured thousands of victims into downloading malicious applications that promise to help users gain cash through crypto mining. The Android apps are estimated to have scammed more than 93,400 victims to date, totaling roughly $350,000

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09 Jun 2021

El Salvador is the first country to adopt bitcoin as legal tender

In El Salvador, a majority of lawmakers approved a proposal brought forth by Salvadorian President Nayib Bukele that allows bitcoin to be used as legal tender in the country alongside the US dollar, becoming the first country to do so. The new law stated that all economic agents are required

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25 May 2021

IRS Wants Tools for Cracking Crypto Wallets

The IRS wants to create a set of reliable tools and processes for cracking crypto wallets as the purchase of goods and services using the technology becomes more popular. The IRS’s Criminal Investigations division faces difficulties in that cryptocurrencies are harder to trace and therefore do not offer the same

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19 May 2021

China reiterates warning against cryptocurrency use in transactions

Three state-backed financial groups in China have released a joint statement in which they come together to warn about the use of cryptocurrencies as payment. Their reasoning behind the warning includes the high risk of volatility in the value of cryptocurrencies. The groups remind industry players that cryptocurrencies are not

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05 May 2021

White House Asked to Increase Crypto Regulation

The Institute for Security and Technology has formed a task force responsible for urging the White House to address and combat the rise in ransomware attacks and make it harder for cybercrimes to be committed through greater regulation of the cryptocurrency industry. Law enforcement agencies, cybersecurity experts, and government entities

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