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
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
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
60 global entities have proposed a plan to hunt down and stop ransomware gangs by attacking their financial operations. The Institute for Security and Technology created the coalition with more than 60 members from software companies, government agencies, nonprofits, academic institutions and cyber security vendors. Microsoft and Amazon are among
In this week’s OODAcast we interview Ray Wang, CEO of Constellation Research. Ray is a great leader, evidenced by the people he has attracted to his firm. I know many of his team and can say for a fact that they are people who can do just about anything they want (which means they are in a position to pick their boss). Ray is also an entrepreneur, and in this OODAcast provides context anyone thinking of starting out on their own should consider. One of many anecdotes he provided was an insightful recap of a conversation he had with his then boss at Forrester Research, George Forrester Colony, which made it clear to Ray that he faced a choice. He could work at a place that wanted to motivate him to be as average as possible or he could go out on his own and create his future himself. It takes a type of bravery to do what Ray did next, a type of bravery very likely at the core of any entrepreneur.
Teenager Graham Ivan Clark has been sentenced to three years behind bars for orchestrating a cryptocurrency scam in which the 17-year-old hacked into the Twitter accounts of Bill Gates, Elon Musk, Joe Biden, Barack Obama, Uber, Apple, and others. Clark has accepted a plea deal and will spend three years
Later this month, the General Services Administration (GSA) will auction off more than three-quarters of a share of Bitcoin, marking a clear move for the agency into the cryptocurrency realm. This will also be the first time the agency has held a cryptocurrency auction. The GSA has held plenty of
Over the weekend, blockchain organization Tether revealed that they were being asked to pay 500 Bitcoin to threat actors who allegedly plan to leak sensitive company information online if ransom demands are not met. The company has stated that it will refuse to pay the $24 million request, which is
As a logger and holstein farmer, my grandfather was heavily dependent on the weather for his livelihood. Each year, he purchased a copy of the Old Farmer’s Almanac and it was kept in an easily accessible reading spot for reference. Taken on a day by day basis, the Farmer’s Almanac was not the greatest of guides, but if you took it on a month-by-month basis it claims about an 80% accuracy, which was more than enough to guide generalized decisions about logging and farming environments in Vermont’s Northeast Kingdom.
The OODA Almanac proposes to identify those topics and patterns we see having significance in 2021 to guide your short and long-term decision making. Over the course of 2021, we will continue to inject additional observations on these topics into our analysis or as stand-alone tidbits of observed intelligence (OODINT).
On Tuesday, Bitcoin reached $50,000 for the first time. The cryptocurrency’s value has doubled in less than two months as the total market value of the bitcoins in circulation hits $940 billion. The digital currency was traded as high as $50,203.53 this morning, up 4.2% and more than 73% for