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Harsh Laws Make Bitcoin Holders Consider Renunciation or Dual Citizenship
28.12.2019
As digital currencies become a mainstay in society, a great number of governments have enforced strict tax guidelines, severe money transmission rules, and tough regulations. Because of a few nation-states’ harsh rules against cryptos, there are individuals who plan to renounce their...
Protocol, Networks, Law, and Anarchism
15.12.2019
I imagine long ago there was a time when neither verbal nor written language existed for humans. Hand gestures and other physical cues were as good as our ancestors had it. Perhaps the sign for thirsty meant pinching one’s own tongue. Or the sign for hungry meant stuffing one’s hand...
VeChain Foundation Hacked for $6.5M in VET Token Theft
13.12.2019
A VeChain buyback wallet containing 1.1 billion VET was compromised by an unknown hacker, the firm said Friday
IBM Files A Blockchain Patent For Fighting Package Theft By Drone
29.11.2019
IBM files a patent to use blockchain technology to solve package theft by drone
Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019
27.11.2019
According to CipherTrace’s latest report, the total volume of crypto-related fraud and theft resulted in losses worth $4.4 billion in 2019
Crypto Exchange Upbit Confirms Theft of $49M in Ether
27.11.2019
South Korean crypto exchange Upbit has lost $49 million worth in cryptocurrency, the exchange has confirmed
BREAKING: Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M
27.11.2019
South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines
7.11.2019
Authorities arrested five suspected in the theft of almost 100 bitcoin machines
SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft
4.11.2019
A user has sued cryptocurrency exchange Bittrex for allegedly allowing hackers to steal nearly $1 million in Bitcoin through its negligence
Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft
2.11.2019
Lawyer Jake Chervinsky asks the public if identity verification is worth exposing the public to data leaks
McAfee to Launch Decentralized Token Exchange With No Restrictions
6.10.2019
On the heels of launching his crypto platform, McAfee Magic, the former antivirus software tycoon John McAfee plans to launch a distributed exchange on Monday, October 7. ‘McAfeedex’ will run on the Ethereum blockchain and McAfee insists the exchange will have no restrictions. Also...
Fusion Network Loses Millions in Private Wallet Hack
30.9.2019
A private wallet operated by the Fusion Foundation was drained of its funds, accounting for roughly 25 percent of the total FSN token supply
IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
30.9.2019
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...
U.S. Federal Court Denies Release of Alleged Canadian Bitcoin Conman
29.9.2019
In recent times, quite often we have come across headlines mentioning scammers who have used fraudulent Twitter accounts that impersonate major crypto firms to launder Bitcoins and other crypto assets. On August 22, yet again, two Canadians of Indian origin have been charged in the United States...
Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption
18.9.2019
Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant...
US Sanctions Three Alleged Crypto Hacking Groups from North Korea
16.9.2019
The U.S. Treasury mentioned cryptocurrency thefts as one of the reasons for the action against the Lazarus Group, Bluenoroff and Andariel
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
The ‘Vault’ Is Back: Bitcoin Coder Revives Plan to Shield Wallets from Theft
7.8.2019
Bitcoin Core developer Bryan Bishop has proposed a feature to delay transfers from cold storage so users can stop thieves from draining their wallets