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“# Driving ‘purists beserk’: Co-chair of blockchain caucus wants to ‘reverse’ crypto transactions ” Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to reverse fraudulent or criminal transactions. Foster is a physicist and a Democratic Rep for Illinois. The blockchain caucus…
“# Banning cryptocurrencies to counter crime is a nonsensical excuse ” Numerous governments are attempting to ban cryptocurrencies, with recent examples from China, India, Turkey and Nigeria. The reason for doing so is simple: The decentralized nature of cryptocurrencies poses a threat to the legacy financial system, and as the technology itself is still in…
“# Remembering John McAfee: computer programmer and crypto evangelist dead at 75 ” According to a Wednesday report from Spanish international news agency EFE, John McAfee has been found dead in his prison cell at the Brians 2 Penitentiary Center. Born in 1945, McAfee founded the software company McAfee Associates in his early forties. His company…
“# Spanish court rules John McAfee can be extradited to the United States ” John McAfee, the founder of the antivirus software company of the same name, is one step closer to facing prosecution in the United States for tax evasion. In a ruling released today, the Spanish National Court approved the extradition of McAfee…
“# Biden nominee for Treasury Dept will prioritize crypto regulation ” Brian Nelson, U.S. President Joe Biden’s nominee for under secretary for the Department of the Treasury’s division on terrorism and financial crimes, said he would prioritize implementing new regulations around cryptocurrency. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban…
“# US officials recover $2.3M in crypto from Colonial Pipeline ransom ” Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task…
“# Biden to discuss crypto’s role in ransomware attacks at G7, says national security adviser ” According to Joe Biden’s National Security Adviser Jake Sullivan, the United StatePresident will speak directly about cryptocurrency regarding its role in the attack on the Colonial Pipeline and other ransomware breaches. In a Monday White House press briefing, Sullivan…
“# Buyer of Jack Dorsey’s ‘genesis tweet NFT’ reportedly detained in Iran ” Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account. A rough translation of the tweet reads: “The owner of this account was arrested on charges of disrupting the economic system by…
“# Turkey jails 6 in probe into missing Thodex crypto exchange CEO ” Turkish authorities are progressing with an investigation into local cryptocurrency exchange Thodex, which abruptly halted trading last week. On Thursday, a Turkish court jailed six suspects pending trial, including siblings of the missing CEO and senior company employees, Reuters reported. As part of…
“# Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data ” U.S. authorities have arrested the alleged mastermind behind a multi-million darknet-based BTC mixing service, Bitcoin Fog, after analyzing 10 years of blockchain data. Authorities have issued a chilling warning to other users of illegal blockchain services: Anything you do today…