US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran

U.S. agencies work to handle crypto in sanctions evasion, but may ultimately just cut the country off from an evolving financial world. Running up against limited experience and resources for monitoring potentially illegal use of digital assets, United States authorities delegate sanctions monitoring to cryptocurrency exchanges and industry players. But do current practices do more […]

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Edward Snowden ‘Feels Like Buying Bitcoin’ Amid Price Crash

Following Bitcoin’s flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. Following Bitcoin’s (BTC) flash crash, the world-famous whistleblower, Edward Snowden, is considering buying the dip. In a tweet posted on March 13, Snowden — famous for disclosing top-secret documents that revealed the extent of American and British global surveillance operations — […]

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LocalBitcoins Seller Charged After Undercover ‘Human Trafficking’ Sting

A Washington state man has been charged with money laundering after selling Bitcoin to undercover agents posing as human traffickers. A Washington state resident has been charged with money laundering after selling Bitcoin for $140,000 in cash to undercover agents. Bothell’s Kenneth Warren Rhule, 26, met with agents from Homeland Security Investigations on numerous occasions […]

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Exclusive: A Major French Bank Is Blocking Customers From Using Coinbase

Early reports say European bank BNP Paribas has blocked transfers to Coinbase, citing “fraud, malware and scams.” Initial findings show French international banking group BNP Paribas is blocking customers from sending funds to major crypto exchange platform Coinbase. The block seems to have been initiated this week, although transfers functioned normally during the week of […]

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Australian Minister Slams Gov’t for Weak Response to Ransomware ‘Epidemic’

An Australian minister has slammed the government for failing to prioritize ransomware amid increasing attacks. On Feb. 24, Tim Watts, Australia’s Shadow Assistant Minister for Cybersecurity, has published an article in the Financial Review on Feb. 24, criticizing the country’s government for its response to the 2019 “ransomware epidemic.” Watts states that Australia was not […]

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New Italian Fintech Startup Bitsa Adds XMR Support to Its Prepaid Card

Italy’s new crypto-powered debit card supplier Bitsa lets users spend privacy-focused altcoin Monero on its prepaid cards. Italy’s new crypto-powered debit card supplier Bitsa has just expanded its prepaid card with major privacy-focused altcoin Monero (XMR). By enabling Monero support on its Bitsa Card, the company unclocks “all types” of XMR-based card transactions in physical […]

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The Law Enforcement’s Guide to Policing Crypto Cybercrimes

Partnerships, deanonymization and transaction pattern analysis: What else do international police use to detect crypto cybercriminals? 2019 demonstrated that cyber-attacks are getting more numerous in the cryptocurrency industry, while hardware remains vulnerable and high-profile data leaks are becoming more common. Even worse, the trend is a continuing one.  Way back in June 2018, Kaspersky Lab […]

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