PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin.

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PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas.

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PYMNTS

DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. Eastern Time.

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PYMNTS

FEBRUARY 27, 2020

Bitcoin’s decline continued Wednesday (Feb. Bitcoin fell below $9,000 Wednesday and losses were at around 9 percent total for the week. The cryptocurrency was trading at around $8,795 as of 11:43 a.m. Bitcoin prices have fallen since last year , and trading activity has seen a slowdown over the previous few months.

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The Fintech Times

JANUARY 12, 2024

The cryptocurrency ecosystem is celebrating as it is one step closer to becoming a part of the mainstream financial world. The US has become the ninth country to approve a spot Bitcoin exchange-traded-fund (ETF) following the Security and Exchange Commission ‘s (SEC) latest announcement. ” Hester M. ” Hester M.

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PYMNTS

JUNE 4, 2020

universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.

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PYMNTS

MARCH 7, 2019

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As The auditing giant used data from the U.S. billion coming from the SamSam attack.

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PYMNTS

MAY 29, 2020

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce. Meanwhile, money laundering represented $2.8

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PYMNTS

JANUARY 18, 2018

Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. The cryptocurrency platforms in the U.S. government will also urge other countries to implement more regulation of cryptocurrencies.

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PYMNTS

FEBRUARY 10, 2020

have plummeted in recent years, and ransomware cyberattacks have skyrocketed. Data Shows 41 Pct Hike In Ransomware Attacks In 2019. Ransomware cyberattacks are up 41 percent from last year, taking down computer networks across businesses, hospital and governments. In today’s top news, Chinese tech investments in the U.S.

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PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

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PYMNTS

JULY 27, 2017

And, as if he possibility of personal and payment information being hacked wasn’t disconcerting enough, consumers and retailers may be soon adding Bitcoin woes into the mix. Cryptocurrencies like Bitcoin were created to help add an additional layer of security to rising digital transactions. Although most U.S.

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PYMNTS

FEBRUARY 20, 2019

“By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks and identify bad actors. It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.”

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PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible.

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PYMNTS

JULY 19, 2018

In other news, three companies involved in bitcoin mining have risen to “unicorn” status, according to CoinDesk. On Wednesday (July 18), the Hurun Research Institute published its Q2 Unicorn Index, and bitcoin mining companies such as Bitmain, Canaan Creative and Ebang were on the list. The price of bitcoin was $7,325.90

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PYMNTS

MAY 19, 2017

It’s been a rocky week for bitcoin — and we don’t just mean in terms of price. Actually, bitcoin’s price at the time of writing was at a record high, hitting $1859.49 It’s increasingly hard to argue that bitcoin is clean. It’s increasingly hard to argue that bitcoin is clean.

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PYMNTS

JANUARY 29, 2020

In today’s top payments news, illegal activity involving cryptocurrency is at a record high, U.S. Shady Bitcoin Transactions Hit All-Time High. Illegal activity concerning cryptocurrency is at an all-time high, particularly involving drug sales and ransomware cyberattacks. Following a move by British Airways, U.S.

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PYMNTS

JULY 20, 2020

Mitsubishi UFJ Financial Group (MUFG), the biggest banking enterprise in Japan, is scheduled to release a cryptocurrency later this year, CoinDesk reported. At first, the cryptocurrency will be used in a mobile payment app for member firms that are on the website of Recruit, which has approximately 1 million member stores.

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PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. Coinbase, an exchange for buying and selling cryptocurrency, caught wind of Troia’s methods and inquired whether he had U.S. When that’s the case, people like Troia need the access and freedom to act in the cryptocurrency sphere on behalf of the good guys.

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PYMNTS

AUGUST 18, 2020

Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange.

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PYMNTS

MARCH 31, 2017

Combating Bad Bitcoins. A number of security and fraud risk elements are still hanging a dark cloud over the progress cryptocurrencies have made in recent years. The hope is that the efforts will bring the seedier side of bitcoin to a close. Just Say “No” to Ransom Demands.

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PYMNTS

FEBRUARY 23, 2019

Because, as it turns out, Venmo might just be able to help cure a broken heart (or make one worse), the big bitcoin price drop might have been a boon for cybersecurity, and Girl Scout cookies might just be the reason you see more healthy eating options advertised over the next few weeks. Bitcoin’s Price Busts, So Hackers Change Tactics.

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PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions.

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PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

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PYMNTS

FEBRUARY 28, 2020

To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Separately, in terms of fraud against companies, banking trojans, malware and ransomware have been coming from the Latin American region, the paper said.

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PYMNTS

MARCH 29, 2018

Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. Its attractive to North Korea because cryptocurrency can rise in value in a quick amount of time.

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PYMNTS

FEBRUARY 27, 2020

Bitcoin has been friendly to crime in the past, becoming popular for perpetrators of ransomware and fraud. Eyal was asked to step down as head of the company and surrender $450,000 of Shopin-related cryptocurrency, along with paying $600,000 to investors. XRP fell 8.2

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PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities. Bitcoin Role.

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PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. Sometimes the darkest deeds, even done through cryptocurrency means, come to light. The site’s content was available for purchase with bitcoin.

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IRS Law Enforcement Bitcoin Money Laundering 41

PYMNTS

AUGUST 21, 2017

AlphaBay and Hansa Market were exclusive marketplaces where criminals could transact anonymously behind the scrims of special software called Tor and the hard-to-trace blockchains that power cryptocurrencies like bitcoin. The takedown has sown chaos into that community, with criminals unsure where to turn and who to trust.

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PYMNTS

MARCH 24, 2017

The group initially demanded that if Apple did not pay $75,000 in cryptocurrency, either bitcoin or rival ether, within two weeks, then it would wipe the data from millions of Apple devices. Nonetheless, if the claim is true, it could result in greater impacts than many have initially anticipated.

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PYMNTS

JUNE 20, 2016

firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey. businesses said they’re stockpiling bitcoin in case of a cyberattack , reported Citrix. The data suggests corporate money managers and IT professionals are gaining interest in the cryptocurrency but not for investment purposes.

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CoinRemitter

MAY 20, 2024

This blog will look at some essential strategies to secure your cryptocurrency wallets against hacks, scams, or any attacks. Common cryptocurrency wallet attacks Phishing: Phishing is a common way scammers trick people in both cryptocurrency and traditional systems. This is alarming for businesses that accept crypto payments.

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Finovate

JANUARY 17, 2024

With apologies to Dr. Dre … the spot Bitcoin ETFs are here and everybody’s celebratin’! This week on Tales from the Crypto we’re taking a look at the launch and reception of the long-awaited spot bitcoin ETFs. Spot Bitcoin ETFs Have Arrived! The new bitcoin ETFs and their ticker symbols are below.

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PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

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PYMNTS

JUNE 8, 2018

. “It’s surprising just how easy it is without any tech skill to commit cybercrimes like ransomware,” Rick McElroy, Carbon Black’s security strategist, told CNBC. ” In other news, JPMorgan Chase CEO Jamie Dimon made a measured remark about bitcoin in a CNBC segment on Thursday (June 7), CoinDesk reported.

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