As investments in cryptocurrency have grown in popularity, and value, security breaches have increased in parallel, with millions of dollars in Bitcoin and other digital currencies stolen from digital currency wallets around the world. In a fintech environment, there are numerous standards that are followed to maintain a level of data security to protect people’s assets. […]
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Israel’s national securities regulator has started using blockchain to improve the cybersecurity of its messaging system. The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3. The government regulator has reportedly embedded the technology into a system dubbed […]
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Crypto exchange ShapeShift has refuted WSJ reports of it being used to launder $9 million. Cryptocurrency exchange ShapeShift has refuted a recent Wall Street Journal report that $9 million in ill-gotten funds went through the exchange, according to an announcement published October 1. On September 28, WSJ released an article dubbed “How Dirty Money Disappears […]
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From soap actors to former lawmakers, Cointelegraph takes stock of some of the most illustrious arrests of the figures behind crypto’s high crimes and misdemeanours this year. Gone are the days when shady dealings in crypto were perceived as immune to the clutches of law enforcement. Illicit crypto proceeds can be shuttled between wallet addresses […]
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Russia’s government has continuously gone back and forth on crypto regulation, with final legislation tentatively set to be finalized this fall. Russia has been trying to pass cryptocurrency legislation since the beginning of January 2018, with no success as of yet. The government’s main bill, “On Digital Technologies,” which was expected to be passed by […]
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A recent report by WSJ found that $9 million of nearly $90 million in ill-gotten funds went through crypto exchange ShapeShift. A recent Wall Street Journal investigation has found that $88.6 million in ill-gotten funds have been funneled through 46 cryptocurrency exchanges, the WSJ reported September 28. $9 million of the suspect funds reportedly went […]
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XMR developers were quick enough to patch the burning bug. This week, the developers of Monero (XMR) patched a bug that could allow an attacker to ‘burn’ the funds of an organization’s wallet. The breach was initially revealed by a community member, and XMR developers were quick enough to fix it before any damage was […]
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A new amendment from the South Korean government will exclude the sale and brokerage of digital assets from venture business classification. South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27. Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and […]
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New research into publicly available records shows that U.S. government agencies have tripled their investment in blockchain intelligence firms this year. New research into publicly available records shows that U.S. government agencies have tripled their investment in blockchain intelligence firms this year, according to a Diar report published September 24. As Diar outlines, blockchain analysis […]
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Washington-based financial experts allege that North Korea hires people with access to E.U. cryptocurrency wallets to launder and exchange crypto into fiat money. North Korea is “increasingly” using cryptocurrencies to evade sanctions imposed by the U.S., according to two Washington-based experts cited by news site Asia Times on September 24. Lourdes Miranda and Ross Delston […]
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