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“# Bitcoin can’t be viewed as an untraceable ‘crime coin’ anymore ” Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to this shared sense of skepticism. There is no…
“# Anchorage Digital will custody crypto seized by US Marshals ” Crypto custody bank Anchorage Digital will be providing digital asset services for the United States Marshals Service for seized funds related to federal crimes. In a Wednesday announcement from Anchorage, the digital asset platform said the U.S. Marshals Service, or USMS, “seized some amount of…
“# US government delves deeper into crypto accountability with $10M bounty ” The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable. According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments,…
“# 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…
“# Coinbase says it was not involved in the DOJ’s Bitcoin ransom seizure ” Coinbase’s Chief Security Officer has refuted suggestions the U.S. crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack. CSO Philip Martin took to Twitter on June 8 to explain the firm’s involvement, or…
“# 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…
“# Don’t blame crypto for ransomware ” Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast, thanks to an alleged DarkSide ransomware attack on the…
“# SEC issues first ever charges over phoney ‘insider information’ on darknet ” The U.S. Securities and Exchange Commission has announced charges against California resident James Roland Jones in the first-ever enforcement action from the commission to target securities fraud on the darknet. According to the March 18 complaint, Jones is accused of accessing a…
“# Congress worries crypto used to fund domestic terrorism, Capitol insurrection ” A U.S. Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities. On Feb. 25, the Subcommittee on National Security, International Development, and Monetary Policy will hold a hearing titled “Dollars Against Democracy: Domestic…