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Iran Offers Bounty for Illicit Cryptocurrency Mining Operations

Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13.A spokesman of the Energy Ministry announced the bounty program during an interview with local news outlet IRIB News, while illustrating the new electricity pricing mechanism for miners.Mostafa Rajabi, the spokesman in […]

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Do Lawmakers Use AML as an Excuse to Centralize Crypto and Blockchain?

Cryptocurrencies came to life as a counterweight to the global financial restrictions that are powered by banks and regulators through the use of fiat. Therefore, it is fitting that Bitcoin (BTC) broke into the limelight in 2009 and raised a lot of controversies right form the start. By design, all blockchain transactions are recorded on an […]

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Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet

At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of its kind. Prior to this, users wanting hardware security […]

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‘Discount Bitcoin Bandit’ Could Face 10 Years for Cryptocurrency Armed Robberies

A woman from East Hollywood, California, has been convicted of robbery relating to peer-to-peer Bitcoin trades. Precious Lanay Fitzgerald was one of two involved in the incidents that awarded the pair the moniker ‘Discount Bitcoin Bandits’.The 29-year-old may face a prison sentence of up to 10 years for the cryptocurrency robbery. Exacerbating the maximum possible […]

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Russia Prepares Law to Allow Cryptocurrency Confiscation

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021. “Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The relevant […]

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FBI Director: Cryptocurrency Is ‘Significant Issue’ for Law Enforcement

Federal Bureau of Investigation Director Christopher Wray says cryptocurrency is a “significant issue” that is likely to become a “bigger and bigger” problem for the law enforcement agency.Speaking in front of the U.S. Senate Homeland Security and Governmental Affairs Committee on Tuesday, Wray responded to questions from U.S. Senator Mitt Romney (R-UT) about cryptocurrency, law […]

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US And Australian Officials Concerned Over Terrorist Cryptocurrency Use

Officials from the Australian and US governments have called for further action against the national security threats posed by cryptocurrencies.At a counter-terrorism conference in Melbourne today, the Australian Minister of Home Affairs, Peter Dutton, said that “the anonymity afforded by such technologies enables terrorist financiers to obfuscate their activities.””The increasing use of digital and crypto-currencies, […]

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Cryptocurrency Exchange BitMEX Confirms Major Data Leak

The world’s largest trading platform for cryptocurrency derivatives BitMEX accidentally leaked users’ emails by sending mass mail without hiding the recipients in the copy. The company admitted the leakage by publishing a confirmation on Twitter and in the blog post.”We are aware of an email privacy issue impacting our customers. We have identified the root cause […]

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