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Travel Management Firm CWT Pays Out $4.5M in Bitcoin After Ransomware Attack
3.8.2020
The U.S. firm paid out a ransom of 414 bitcoin after its corporate files were locked up in a ransomware attack
Where FATF Crypto Compliance Gets Interesting: Africa
3.8.2020
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards
Travel Management Company CWT Pays $4.5M Bitcoin to Hackers
3.8.2020
Ransomware hackers initially demanded $10 million to restore access to travel firm CWT’s computers and delete any stolen data
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains
2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...
Stablecoins, Ceilings and Digital Currencies: Bad Crypto News of the Week
2.8.2020
Check out this week’s Bad Crypto podcast
How Not to Lose Your Cryptocurrency License in Estonia
2.8.2020
Basic recommendations for those who are considering incorporating crypto business in Estonia
Putin Signs Law Giving Cryptocurrency Legal Status in Russia
2.8.2020
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill...
US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2
2.8.2020
The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented...
US Regulator Zeroes in on Binance Chain as SEC Awards Monitoring Contract to Ciphertrace
1.8.2020
The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX. The BNB token...
Law Decoded: Big Tech, Central Banks and the Hunt for Monopolies, July 24-31
31.7.2020
The leaders in this week’s policy news focus on some case studies in power accumulation that more than anything show why decentralization tech matters
Money Reimagined: Let’s Be Privacy Scolds
31.7.2020
Technical solutions to protect financial privacy may not suffice. Stronger cultural norms around minding one’s own business are needed as well
FinCEN Issues Warning on Coronavirus Scams Demanding Crypto
31.7.2020
The advisory regarding cybercriminals exploiting the Covid-19 pandemic asks firms to be especially vigilant regarding their dealings with virtual currencies
Putin Signs Russian Crypto Bill Into Law
31.7.2020
Russia's president signed the first of two bills on digital assets into law on Friday
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
Tech's Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
31.7.2020
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim
Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful
31.7.2020
Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so. For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in...
Ripple Says XRP Lawsuit Based on ‘Unsupported Leaps of Logic’
31.7.2020
Ripple has hit back at the lead plaintiff in an ongoing class-action lawsuit accusing the firm and its CEO of securities fraud
Lawsuit: Investors Can't Prove Ripple Knew XRP Had ‘No Utility’
31.7.2020
Lawyers for Brad Garlinghouse haven’t argued the Ripple CEO’s statements in extolling XRP were true, simply that they can’t be proven false
Longfin Ordered to Repay $223M to Investors
31.7.2020
Longfin, a blockchain-related firm that conducted a $27 million IPO in 2017, has been ordered to repay $223 million to investors
Russian Interest in Paxful’s P2P Platform Surges 350%
31.7.2020
Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia