U.S. SEC Commissioner Caroline Crenshaw urges DeFi developers to approach the financial regulator in an effort to bring projects in line with existing securities laws. Though praising the DeFi's innovative nature, the commissioner says it lacks transparency and is hindered by on-chain pseudonymity.
The U.S. Department of the Treasury has blacklisted cryptocurrency exchange Chatex, along with a network of entities the department says support it, for allegedly facilitating ransomware-related financial transactions. This action effectively bars Americans from doing business with the company.
The U.S. deputy attorney general said this week that the nation is ramping up efforts to cripple ransomware operations and other cybercrime through arrests and seizures of ransom payments. The Biden administration has called ransomware a threat to national security and an economic threat.
Where is cryptocurrency being adopted most broadly? Where are scams emerging, and where is there growing grassroots support? These are among the questions answered by the Chainalysis 2021 Global Cryptocurrency Adoption report. Researcher Kimberly Grauer shares findings and analysis.
International law enforcement officials on Tuesday announced that some 150 suspects have been arrested globally for buying or selling illegal goods, following a 10-month sting operation, code name "Operation DarkHunTOR," targeting the dark web.
Following an outage of the REvil - aka Sodinokibi - ransomware operation due to coordinated law enforcement efforts involving the U.S. and foreign partners, the operators behind DarkSide ransomware have moved bitcoin worth almost $7 million to multiple new wallets, making it more difficult to track.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
Researchers at Uptycs Threat Research have uncovered a campaign in which the cloud-focused cryptojacking group TeamTNT is deploying malicious container images hosted on Docker Hub with an embedded script to download testing tools used for banner grabbing and port scanning.
New York State AG Letitia James served cease and desist letters to two cryptocurrency lending platforms that her office says engage in "unregistered and unlawful activities." Three other platforms were told by the OAG to "immediately provide information about their activities and products."
The U.S. Department of the Treasury unveiled additional steps to curb the illicit use of cryptocurrencies on Friday, warning enterprises not to engage with sanctioned entities exploiting the financial system - particularly to launder ransomware proceeds.
A congressional letter sent to the heads of four federal agencies expressed an urgent need for the Biden administration to continue combating ransomware. This includes a particular focus on the cryptocurrency infrastructure that is enabling these cyberattacks, four Democratic lawmakers say.
The U.S. Department of Justice said this week it will pursue government contractors that fail to report cybersecurity incidents. The department also announced the formation of a Cryptocurrency Enforcement Team to prosecute the misuse of virtual currencies.
A bipartisan bill has been introduced in the U.S. Senate which, if passed, would find the Treasury Department actively monitoring cryptocurrency mining abroad, as well as its ultimate impact on U.S. supply chains for critical resources, including semiconductors.
The U.S. Federal Reserve said Wednesday it is continuing to evaluate the creation of a central bank digital currency, or CBDC, and that it intends to publish research on the subject shortly, according to Chair Jerome Powell.