A New Kind of Ransomware Tsunami Hits Hundreds of Companies
An apparent supply chain attack exploited Kaseya’s IT management software to encrypt a “monumental” number of victims all at once. Powered by...
Ukraine Shuts Down Illegal Mining Farm With 150 Rigs
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) has uncovered and shut down a crypto farm that was operating illegally in Chernihiv...
Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule compliance system. Binance Implements Ciphertrace’s Traveler Protocol in Its Trading Platform Binance, one of...
Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC’s Lifetime
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set to slide by more than 27%. Bitcoin Difficulty Expected to Drop More Than 27% This weekend, Bitcoin (BTC) is set to experience the largest difficulty drop...
US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele needs to “ensure that it is well regulated.” State Department Official Says US Is Taking a Tough...