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Jack Dorsey's TBD Is Looking to Trademark 'Web5' to Deter Its Misuse
30.11.2022
The move is meant to prevent confusion about the meaning of Web5
FBI Launches ‘Virtual Asset Exploitation Unit’ With Specialized Team of Crypto Experts
19.2.2022
The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the criminal misuse of cryptocurrencies.” FBI Establishes New Crypto...
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
FinCEN Names Misuse of Cryptocurrencies a National Priority
4.7.2021
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their...
Docker Changes Free-Tier Service Policy Due to Cryptocurrency Mining Abuse
15.6.2021
Docker, a popular cloud computing integration solution, is making changes to its free-tier service due to cryptocurrency mining abuse. The service discontinued its “autobuild” feature due to misuse by bad actors, using it to mine cryptocurrencies in their servers. This is a modus...
US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’
12.2.2021
Janet Yellen, the new U.S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance...
US Treasury Secretary Yellen says crypto misuse is a growing problem
11.2.2021
The private sector invests enormous resources to help the government combat crypto crimes, U.S. Treasury Secretary Janet Yellen said
Australia’s Minister Admonish Against the Misuse of Cryptocurrency in Terrorism
7.11.2019
The blockchain technology is seeing its days of glory because of its open to all ledger structure that transcends borders and renders many traditional financial schools either obsolete or has flipped them upside down. Technology has found its expression through cryptocurrency, the internet...
Worldwide Whiplash! Human Traffickers Misuse Bitcoin to Hide their Hideous Crime
30.7.2019
We live in a modern world, with technology taking over almost all the aspects of our lives. Technology offers growth, comfort, and efficiency. On the one hand, where the blockchain technology offers us so many revolutionary ways to outgrow our previous successes while the same potential gets...