A group going by the name “thedarkoverlord” has been threatening to release 9/11 papers in lieu of a Bitcoin ransom. They demand a huge sum of money in Bitcoin. $2 million, to be exact, to either release or withhold the documents. They claim to have ha…
Modern economies run on a different kind of ‘Power’ than the medieval kingdoms. Today, power is derived from coal, petroleum, and biofuels instead of the King’s exalted office. The economies that ensure a steady and sufficient supply …
A global venture called Komainu has been created to provide a secure digital asset custody solution for institutional investors. Partners in the venture include Nomura, a global financial services group, Ledger, a digital asset security solutions provi…
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In an effort to tackle money laundering through virtual currencies like bitcoin, two prominent law enforcement agencies – Europol and Interpol have announced the establishment of a working group. An announcement from late last week has confirmed the establishment of a new working group looking into money laundering with digital currencies. The group is established […]
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Director of Edgar, Dunn & Company, the management consultants, asks the question, can blockchain or distributed ledger technologies combat cybercrime in financial systems? As director of EDC’s London office, Samee Zafar has advised some of the biggest financial services organizations in Europe and North America focusing on competitive strategy, operations, and technology. With his expertise […]
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ZENEDGE, a provider of cloud-based, artificial intelligence driven web application firewall and DDoS cybersecurity solutions, announced the availability of ZENEDGE Single IP Protection, delivering enterprise-class network DDoS mitigation to organizations with less than a class C subnet. Traditional network DDoS protection leverages Border Gateway Protocol (BGP) to determine routing decisions. An inherent limitation of routers […]
The post ZENEDGE Debuts Always-On DDoS Protection, Sees Benefit For Crypto Exchanges appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The U. S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) awarded Austin, Texas-based $199,000 to Factom Inc. to advance digital identity security for Internet of Things (IoT) devices. The award was one of several DHS S&T awards to support the development of security solutions that involve blockchain technology. DHS S&T also […]
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SatoshiLabs newly-announced TREZOR Password Manager will store and manage passwords securely and is available for public beta testing for all TREZOR hardware owners, the company announced on Medium. A Chrome extension is available. The new password manager uses advanced cryptography. A user can encrypt each password entry using their personal TREZOR device. The password manager […]
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No more fumbling with a passport, travel IT company SITA thinks that blockchain may allow us all to streamline travel. Traveling has definitely become a chore. Long lines, tight spaces, overcrowded travel hubs. A measure of patience and a little bit of luck go a long way. The travel tech company SITA has a proposal that […]
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A hacker who claimed responsibility for the Hacking Team and Gamma Group breaches has sent €10,000 of stolen bitcoin to the autonomous region of Rojava in northern Syria, according to arstechnica.co.uk. Using the pseudonyms “Hack Back!” and “Phineas Phisher” and “@GammaGroupPR,” the hacker indicated an unwillingness to name the victims since there is hope of […]
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This week’s terror attacks in Brussels has caused French Interior Minister Bernard Cazeneuve to cite the darknet as a terrorist tool and call for measures to improve intelligence expertise in technologies terrorists use, according to a French ministry website. Because cryptocurrency is used for darknet transactions, efforts to control the darknet could fuel government efforts to control cryptocurrencies in […]
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Federal prosecutors say details about the second arrest of Shaun Bridges, a former U.S. Secret Service agent charged with stealing in the Silk Road investigation, must remain sealed, in part, because they believe there are one or more co-conspirators, according to a filing in the U.S. District Court for the District of Maryland. Authorities charged […]
The post Prosecutors Want Evidence Against Bridges Kept Sealed As Investigation Continues; Additional Bitcoin Theft Claimed appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
As part of a larger exploration of non-obvious funding methods for terrorist organizations, the EU has proposed new legislation to enforce background checks on Bitcoin users. News sources have picked it up. One may ask, to what end? Let’s explore. FACT: What people do not understand typically scares them. FACT: Few people understand the intricacies of […]
The post Shackling Bitcoin Not the Answer with EU Proposal to Curb Terrorism Financing appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
The director of Lithuania’s Financial Crime Investigation Service (FNTT) warned that terrorists could use bitcoin to fund their activities in the future, according to delfi.lt, a Lithuanian news site. The director, Kestutis Jucevicius, said at a press conference in Vilnius that bitcoin can potentially benefit groups involved in trafficking arms, human beings and drugs. This […]
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A team of federal law enforcement officials in New York have announced the unsealing of charges against Roger Thomas Clark, a senior adviser to Silk Road operator Ross Ulbricht. According to the unsealed charges, Clark was a close confidante to Ulbricht and advised him on all aspects of Silk Road operations. Clark, arrested on Dec. 3, 2015 in Thailand, is pending extradition to the U.S. In announcing the charges, Preet Bharara, the U.S. Attorney for the Southern District of New York, said Clark served as a trusted confidante to Ulbricht and advised him on how to maximize profits and use threats […]
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Stampery, a service that certifies records and documents on the blockchain, says lawyers working with sensitive documents are one of its main user groups, according to International Business Times. The other two main groups are creatives looking to establish ownership rights and companies that generate prior art of intellectual property. Lawyers receive a lot of documents and have to do a lot of due diligence, including getting documents notarized. By using Stampery, they can drag and drop zip documents to Stampery rather than sending them in a CD to a notary. Stampery provides irrefutable proof of the documents’ existence and the day they […]
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Is bitcoin really the preferred currency of terrorists? You might think so from reading some of the mainstream media headlines. But a recent intergovernmental study on terrorist financing paints a very different picture. The Financial Action Task Force (FATF), a Paris-based, intergovernmental body that develops policies to protect the global financial system against money laundering, terrorist financing and financing of weapons of mass destruction, recently released a report called Emerging Terrorist Financing Risks. There is a small section in the report about virtual currency as a tool for this financing, but the 48-page report says foreign terrorist groups are primarily […]
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