Many are concerned about Facebook’s Libra cryptocurrency which allows the social media giant to not only know the details about its users’ social life but also their financial activities.
Behind all the discussions and the growing acceptance or rejection of cryptocurrencies, lies the same truth. Whatever the medium of exchange is, digital assets have to be secure and without trust, no other element is relevant.
As might be expected, the scale and scope of the latest Coinrail cyber heist has increased the call for new cryptocurrency regulations for both exchanges and trading, and could go a long way in maintaining investor faith in the modern financial system.
Facebook Libra cryptocurrency is facing strong pushback in Europe with concerns raised over the systemic risks to the global financial system and potential data privacy issues.
The first Bitcoin privacy update in four years is bringing changes that are broadly popular among the user base. The "Taproot" update, scheduled for November, changes the digital signature algorithm underpinning the system.
New UN report discloses how North Korea has financed its WMD program with more than $2 billion from cybercrime against world’s largest financial institutions and cryptocurrency exchanges.
Russian darknet market Hydra emerged as the hotspot for illegal transactions within three years, earning $1.37 billion in cryptocurrency transactions.
The South Korean government is set to implement mandatory KYC verification for cryptocurrency exchanges in March, but the new requirements may be in violation of existing privacy laws.
US Authorities seized cryptocurrency worth $24 million in Operation Egypto, targeting an online fraud scheme that stole over $200 million from tens of thousands of Brazilian investors.
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