Bitcoin Prison Scheme, FACCT Senior Manager Arrest, and Other Cybersecurity Events

The most important news from the world of cybersecurity this week have been compiled. The four top news of the week on cybersecurity are presented below: Head of the FACCT Department Detained in Kazakhstan at the Request of the United States and Arrested in Absentee in the Russian Federation On June 22, Kazakh authorities, at […]

Continue Reading

Elliptic: Recent Cryptocurrency Donations to Russian Military Amount to $20 Million

Elliptic Connect’s “Crypto in Conflict” report examined the cryptocurrency operations of Russian military fundraising groups, which were further disrupted by the failed Wagner rebellion on June 23. Although the number may still seem small compared to Ukraine, nearly two-thirds of these funds involve US-sanctioned entities, emphasizing the continued risks for virtual asset services. Crypto Funds […]

Continue Reading

UK Passes Bill Establishing Cryptocurrencies and Stablecoins as Regulated Financial Activities

On June 28, King Charles III gave Royal Assent to a landmark bill to “regain control of the financial services rulebook”. The Financial Services and Markets Bill 2023 was passed by the upper house of the UK parliament on June 19. It includes measures to bring crypto assets and stablecoins into the realm of regulation, […]

Continue Reading

Biden: New Rules and Taxes for Cryptocurrencies

President Biden recently said he will work to make the tax system fair: rules, taxes, and closing the “loopholes” for cryptocurrency traders. President Biden made a promise regarding the crypto industry and the traders that are part of it, ahead of his upcoming presidential campaign. According to the current President, in fact, he will strive […]

Continue Reading

SEC Commissioner Defends a Legal Framework for the Crypto Sector

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce says a legal framework is necessary for the crypto sector. According to of the US SEC commissioner, the agency must establish specific rules for the virtual currency market. In her opinion, regulators need to have a better approach to address the crypto sector. “The SEC can […]

Continue Reading