What the REvil Ransomware Attack Means for Bitcoin
On Friday last week, Russian-speaking cybercrime syndicate REvil hit at least 200 US companies with a ransomware attack. The gang has since demanded $70 million worth of Bitcoin in exchange…
UBS: Regulatory Crackdowns Could Pop ‘Bubble-like’ Crypto Markets
Regulators around the world could eventually “pop bubble-like crypto markets,” making digital assets too risky and unsuitable for professional investors, according to a note sent by major Swiss bank UBS…
Kazakhstan Introduces Additional Taxes for Crypto Miners
President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed amendments to the country’s tax and budget payments code introducing a new tax for cryptocurrency mining operators. Specifically, the amendments…
America’s First Legal DAO Approved in Wyoming
Wyoming—the first US state to grant a charter to a crypto bank—has approved legal status for a decentralized autonomous organization (DAO), the American CryptoFed DAO, according to an announcement on…
As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has…
Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm
Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were…
4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund…
