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This Bitcoin Ransomware Rakes in $150 Million in BTC


A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to millions of dollars and typically run in the hundreds of thousands range.” Ransomware Makes $150...

Crypto User Loses Over $100K in Bitcoin While Transferring His Wallet


A bitcoin user has shared his story of how he lost more than $100,000 in BTC during a wallet transfer. The bitcoiner attempted to transfer a wallet to a new computer without making sure that he had access to the encryption passwords tied to his private key storage. Password Manager Didn’t...

New Platform Could Give Whiskey Fans a Boozy Blockchain Boost


Two Japanese firms have developed a blockchain-powered alcohol trading platform that they claim will allow alcohol-loving customers the opportunity to buy, sell, hold and haggle over barrel-loads of luxury liquor – just like trading crypto. In a press release, Recika and the Japan Import System...

Bitcoin Auction, Norwegian Digital Bank, Bakkt Merger + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Bitcoin news The Finnish treasury is in for a whopping boost as the nation’s customs agency prepares to auction off BTC 1,981 (USD 81m). The vast...

South Korean Government to Start Taxing Crypto Trading Profits in 2022


The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will...

IRS Updates Tax Requirements for Cryptocurrency Owners


The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes...

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