Crypto Pirates

The number of Crypto Ransomware assaults has increased in tandem with the rise in the value of cryptocurrencies. These kind of attacks have become more prevalent in recent years, and the illegal actors demanding bitcoins as ransom payments have multiplied as a consequence. Several recent reports, including one released by Chainalysis, have showed that the number of such attacks has increased by more than 300 percent in the last year and a half. Particularly concerning is that such cyberattacks have shown no signs of abating since the beginning of this year. In order to prepare for the whole scenario, the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury was required to make additional projections...

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Following China's recent ban on bitcoin, established cryptocurrency exchanges are preparing to exit one of their most important markets in a flurry of activity...

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According to recruiter Hamlyn Williams, the hiring pace has increased significantly during the past 15 months...

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A chapter by the International Monetary Fund titled 'The Crypto Ecosystem and Financial Stability Challenges' stated that crypto asset technologies have the potential to be used as a tool for faster and cheaper cross-border payments...

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The government of Uzbekistan has published a list of all the unlawful exchanges that are currently operating in the nation. Because they collect user data and do not accept responsibility for any user transactions, these exchanges have been declared hazardous for use. It is encouraging to see that the government of Uzbekistan is warning users for the sake of their own goodwill. It's not as if these exchanges have been shut down yet, so taking this precaution has been sensible...

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The House Ways and Means Committee is attempting to close one of the most lucrative crypto tax loopholes, a move that, according to the Joint Committee on Taxation, could cost holders of bitcoin and other virtual coins nearly $17 billion...

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Risk assessment is critical for individuals interested in starting a business. This would help determine which management strategies would be most effective in achieving stability and success. Additionally, it provides some assurance and confidence that the business will run smoothly...

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After President Volodymyr Zelensky signs the legislation passed by Ukraine's Parliament on September 8, cryptocurrency may soon be used legally in the country...

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When it comes to regulating the cryptocurrency industry, the US should look to China for guidance on what not to do, according to Katie Haun, a partner at Andreessen Horowitz...

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With the help of cryptocurrency, emerging economies are once again leapfrogging previous waves of technological innovation...

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