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Hackers are increasingly attacking Russia’s government IT infrastructure to mine crypto, a law enforcement-affiliated expert said in a conference on Thursday.According to Nikolai Murashov, deputy director of the National Coordination Center for Computer Incidents, hackers have been actively exploiting the IT infrastructure of Russia’s government bodies, defense contractors, medical entities
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Welcome to State of Crypto, a CryptoX newsletter looking at the intersection of cryptocurrency and government. I’m your host, Nikhilesh De. Yeah, of course we’re talking about GameStop (GME) today. Here are my questions: What can the U.S. government do, what might the government do and what impact could that
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Kumar Gaurav, founder and CEO of cryptocurrency exchange Cashaa, believes the Indian government’s latest efforts to regulate digital currencies are more of an attempt to prevent illicit activities in the industry rather than outright ban crypto.According to a bulletin released by the Parliament of India on Friday, the governing body
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Federal prosecutors struck back at a favorite tool of the ransomware community Wednesday, indicting one alleged NetWalker user, a Canadian national named Sebastien Vachon-Desjardins, on wire fraud, hacking and network extortion charges, and coordinating the takedown of a victim guidebook hosted on the darkweb.The action, which included assistance from Bulgarian
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The kind of inflation outbreak that might prove bitcoin’s power as a hedge asset isn’t coming in the near term, according to some economists. “Right now, low interest rates tell us there’s no evidence that we’re borrowing too much money,” Stanford economist Erik Brynjolfsson said. “Separately, but related, inflation is also
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Blockchain startup Conflux has received over $5 million research grant from the Shanghai Science and Technology Committee and Changning District government, which is part of the city’s municipal government. The Beijing-based firm touted that it has become the only public, permissionless blockchain project backed by the Chinese government, according to the
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The United States Treasury Department may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network's new crypto rules.Last month, the Financial Crimes Enforcement Network, or FinCEN, proposed rules that would require registered crypto exchanges to verify the identity of people
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Ukraine’s government has chosen the Stellar blockchain network as a platform to build a central bank digital currency (CBDC).Announced Monday, the Ministry of Digital Transformation of Ukraine and the Stellar Development Foundation (SDF) signed a Memorandum of Understanding to build out a “virtual assets ecosystem and national digital currency of
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House Bill 220 would enable Ohio's governmental bodies to use blockchain and DLT in their operations if signed into law. Source
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Information Commissioner, Elizabeth Denham said: “We welcome the publication of the Digital Markets Taskforce Advice and we have been pleased to support the
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