Matt Johnson, Ledger’s new Chief Information Security Officer (CISO), had no choice but to hit the ground not just running but, well, sprinting. His first week of work entailed scrutinizing the fallout from an extensive data dump of customer...
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The Financial Crime Enforcement Network (FinCEN), a unit of the U.S. Treasury Department wants crypto exchanges to collect a lot more data about individuals transferring more than $3,000 in cryptocurrencies into private wallets. The crypto industry isn’t having it....
The money we use is changing fast, much faster than we recognize. With the convergence of various exponentially accelerating technologies, such as encryption and distributed ledgers, the imminent future of money is digital, direct and democratic. This winter, bitcoin...
A proposal by the U.S. Financial Crimes Enforcement Network (FinCEN) that would require crypto exchanges to collect personal information, including names and home addresses, from individuals seeking to transfer cryptocurrencies into their own wallets is poorly defined and could...
The number of criminals using so-called privacy wallets to facilitate crypto money laundering is on the rise, according to Elliptic, a U.K.-based blockchain analytics company. The firm estimates that over 13% of the proceeds from crime involving bitcoin are...
In traditional business, “key person risk” refers to when a company relies too much on one individual to succeed. Cryptocurrency businesses are prone to a very literal version of this risk when handling funds. The most infamous example may...
Customers of Ledger, the hardware cryptocurrency wallet, are being targeted by a phishing attack posing as an email from Ledger support. The fake email ostensibly informs users their Ledger assets may be compromised. It states, “Our forensics team has...
Blockchain investment firm Digital Currency Group (DCG) has acquired Luno, a retail-focused cryptocurrency exchange with over 5 million customers spanning over 40 countries. Luno will continue to operate as an independent, wholly owned subsidiary of DCG, the companies said....
People may like the idea of blockchains and web 3.0, but they tend to hit an immediate obstacle in the form of private cryptographic keys and mnemonic seed phrases that cannot be lost, forgotten or divulged at any cost. ...
One of the most popular Bitcoin wallets, Electrum, now supports Lightning Network payments. The latest swathe of major changes was released in version 4.0, one of its biggest upgrades since the Bitcoin wallet launched in 2011. (Note: Since the...