In the midst of the Cornoavirus pandemic, we are witnessing highly unstable and uncertain times right now, but it appears that House Democrats are looking for a modern solution to solve a very real problem: “digital dollars” and “digital wallets” to help get the stimulus package out to US citizens. Read more…
It appears as though the United States Securities Exchange Commission; (SEC) Office of Compliance Inspections and Examinations (OCIE) is turning a new leaf in regards to “financial technologies” such as cryptocurrency. While they are continuing to count digital assets as “major concerns” in 2020, they may not be scrutinizing compliance Read more…
Newly published details provide a detailed look at a well-orchestrated and well-funded attack on the crypto currency exchange Coinbase. Several employees back in May received an email from Gregory Harris, an administrator at the University of Cambridge requesting the assistance of the recipients. Nothing about the email appeared alarming. On June Read more…
“An unidentified individual has threatened and harassed us, demanding 300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data,” said Binance in an official statement. Binance also said that the company has refused the payment and is still investigating the attack, but several photos of people Read more…
Earlier this month, William Shatner the actor, spokesman, and crypto entrepreneur, announced his new partnership with Mattereum, a blockchain Ethereum-based system, to develop an authentication and digital ownership transfer system for collectibles utilizing a “digital twin.” The digital twin is actually the unique digital record stored on the immutable Ethereum Read more…
2020 will see a new cryptocurrency: “GlobalCoin”. Facebook will launch the crypotcurrency-based payment system in a “dozen countries” by the beginning of 2020, though trials will start before the end of this year. The social media giant has apparently already discussed regulatory issues for the initiative with the U.S. Treasury Read more…
Mozilla officially announced their upgraded Firefox browser recently. The upgrades known as Firefox Nightly 68 and Beta 67 now automatically block crypto mining malware and fingerprinting hack attacks. The new features were developed in collaboration with Disconnect, a privacy and security software firm. Disconnect’s blacklist of malware domains associated with Read more…
Blockchain-based systems may be the key to ensuring responsible sourcing for minerals. The Dodd-Frank Act, passed in 2017, requires any US firm to ensure that mineral resources they obtained were not for the enrichment of anyone involved in armed conflict, financing warfare, or abusing human rights. The EU has a Read more…
Cryptocurrency theft is on the rise with more than $1 billion in cryptocurrency taken in 2018 alone, and the trend shows no signs of slowing down. More than 50% of cryptocurrency theft occurs in the U.S. Here are four easy steps you can take on your end to personally secure Read more…
The collapse of Quadriga Fintech Solutions Corp and documentation of more than $1.7 billion worth of cryptocurrency stolen in 2018 have both been solid blows to the financial technology reputation. As of late February, cryptocurrency valued about $130 billion total worldwide. To put cryptocurrency theft into a cash perspective, last Read more…