6M Bitcoin Are Secured By Shared Custody

Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist. Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply. Prevents ‘Exit scams’ Bitcoin is generally secured with a combination of a public and private key. In order […]

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Crypto Ransom Amounts Skyrocketed 200% in 2019

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data […]

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Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19

The first quarter of 2020 saw ransomware attacks targeting devices in Singapore spike by four-fold compared with last year. Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020. Kaspersky estimates that 11,700 attacks were attempted on […]

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VeChain Bolsters Traceability of Chinese Pork Products

Blockchain-based supply chain solutions proliferate, as VeChain establishes partnerships with fresh meat suppliers. Traceability-focused blockchain project, VeChain, has announced a partnership with China’s Shenzhen Yuhongtai Foods Company. This will allow Shenzhen to track pork products distributed by the retailer’s subsidiary, Meijiada Fresh Foods. The partnership will see detailed information concerning how pork sold by Meijiada […]

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Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites

The Gibraltar Financial Services Commission has warned the public about four crypto sites that are not regulated by the country. On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory. According to the authorities, www.askcurrency.org, www.findcurrency.org, […]

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US Regulators Have Double Standards When It Comes to Bitcoin

VanEck’s Gabor Gurbacs said U.S. regulators have not treated Bitcoin fairly in their exchange-traded fund denials. Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs.  “There’s a persistent double standard against Bitcoin and digital assets, which I think is wrong,” Gurbacs […]

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