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$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken.10 Million Investors […]

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U.S. Customs To Trial Blockchain System For Shipping

This month’s report from the U.S. Commercial Customs Operations Advisory Committee (COAC) reveals that the U.S. government is working on blockchain projects for international trade. One of these projects, on intellectual property rights, is slated for live testing this month.The COAC includes chairs from FedEx, Walmart, and Expeditors International. Walmart’s representative, Barry Baxter, is a […]

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Accountants Move Into Cryptocurrency

Accountants are delving into the complexities of digital currencies such as Bitcoin and Ethereum to help their clients keep track of cryptocurrency assets and transactions, as well as the tax consequences, according to a new report.The survey was conducted by Blox, a crypto accounting platform, polling a group of tax and law professionals about the […]

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North Korea Is Funding Its Weapons Program With Stolen Cryptocurrency

Hacking has become a central strategy for Kim Jong-un’s regime to generate revenue and soften the blow of economic sanctions. A new report from the United Nations, seen by the Associated Press, outlines the considerable breadth of the operation, which it says is being used to fund the development of weapons of mass destruction.The news: […]

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Why Is Cryptocurrency Seen As A Natural Security Issue?

With Facebook’s announcement of its cryptocurrency Libra, cryptocurrency has gotten a lot more attention recently, and not all of it is positive, especially from U.S. lawmakersIn fact, President Donald J. Trump tweeted out his disapproval of Facebook’s Libra and Bitcoin alike.”I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and […]

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Has Binance Been Hacked? Top Crypto Currency Exchange Investigating Mass Leak of Alleged User Data, Confirms $3.5 Million Extortion Plot

One of the world’s biggest cryptocurrency exchanges says it has launched an investigation after an “unidentified individual” threatened to leak a trove of its customer data.Binance, which ranks as the top exchange by volume traded, said in a company statement today that the individual had demanded 300 bitcoin—the equivalent of more than $3 million—to halt […]

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North Korean Cryptocurrency Heists Net Estimated $2 Billion: UN Report

North Korea earned as much as $2 billion dollars through large-scale cyber attacks to help fund its weapons programs, a United Nations panel alleges in a new report.The findings emerged as Pyongyang fired what are believed to be two short-range ballistic missiles early Tuesday, the fourth missile launch in less than two weeks.The report, submitted […]

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US Defense Department to Develop Blockchain Cybersecurity Shield

The U.S. Department of Defense (DoD) is looking to forge a blockchain cybersecurity shield.In a report published on July 12 titled Digital Modernization Strategy, the DoD outlined several ways to advance the nation’s digital defenses. This includes the integration of cloud and quantum computing, artificial intelligence, and improved communications through distributed ledgers.In fact, DARPA, the […]

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Court Will Decide If AT&T Is Liable For Cryptocurrency Theft Caused By Shoddy Security

Wireless carriers are coming under increasing fire for failing to protect their users from SIM hijacking. The practice involves posing as a wireless customer, then fooling a wireless carrier to port the victim’s cell phone number right out from underneath them, letting the attacker then pose as the customer to potentially devastating effect. Back in […]

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Daimler and Riddle&Code Have Partnered To Produce A Blockchain Hardware Wallet For Cars

Daimler and blockchain firm Riddle&Code have partnered to produce a blockchain hardware wallet for automobiles, which was presented at Startup Autobahn in Stuttgart, Germany.The wallet is a tamper-resistant box, powered by Riddle&Code hardware and software, that can be installed in a vehicle to create a cryptographic identity for the vehicle; the wallet encrypts, signs, and […]

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