Cryptocurrency Analysis and News Portal
Hackers compromised five United States law firms and demanded two 100 Bitcoin (BTC) (over $933,000 at press time) ransoms from each firm: one to restore access to the data, one to delete their copy instead of selling it.According to data shared with CryptoX by cybersecurity firm Emsisoft, the hacker
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One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over alleged market manipulation leading to Bitcoin’s 2017 bull run. Antonopoulos’s affidavitAmid a flurry of filings seeking to lead the class, Andreas Antonopoulos has come
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On Jan. 1, China’s law governing cryptographic password management came into power. Essentially, the act aims to set standards for the application of cryptography and the management of passwords, and, therefore, ultimately reduces China’s cyber vulnerabilities on a nationwide scale. Some local media outlets rumor that the law is paving
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In its usual manner, the highly popular crypto exchange Kraken just released its latest compliance team’s transparency report for last year. The 2019 transparency report is targeted at the global law enforcement requests for the just-concluded business year.Kraken happily took to its Twitter account to share a general picture of
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Cryptocurrency exchange Kraken has said the cost of responding to law enforcement requests for user data is rising sharply year on year.In a tweet on Tuesday, the firm posted an infographic teasing its new 2019 Transparency Report, indicating it had received 710 information requests in total – 49 percent more
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China has formally implemented a law governing cryptographic password management as part of its pre-release plans for its central bank digital currency (CBDC).As English-language news media outlet China Money Network reported on Jan. 1, the latest regulations have become legally binding following their unveiling in October last year.Crypto security
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The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines.On Dec. 6, the Rada, Ukraine’s legislative body, published a final version of the law that considers virtual assets to be a store
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Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher.Digitize the dollar and take power away from central banksOn Dec. 2, Reuters reported that Giancarlo in his new role at Willkie Farr &
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Christopher Giancarlo has joined law firm Willkie Farr & Gallagher as its new senior counsel, where the former CFTC chief intends to continue advocating for a digital dollar and other policies. Source
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German banks have so far not been allowed to conduct their various businesses in cryptocurrency. However, a new law called the fourth EU Money Laundering Directive is going to revolutionize the way banks and customers interact. At its basic, the new law will empower banks to become the primary custodians
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