Monthly Archives: January 2023

The FBI announced the takedown of Hive, a ransomware network with members across multiple states in Europe and North America, in a recent press release. The US agency stated that they had been on the case since at least 2021. Hackers Hacked Despite the efforts of the FBI, the network was tough to crack. However,…

The Biden Administration announced on January 27th that it will launch a new legal framework for cryptocurrencies in the coming months to combat the multiple cryptocurrency scams that impacted the crypto market last year, causing multi-million dollar losses. According to a statement published by the White House, “2022 was a tough year for cryptocurrencies.” Hence,…

The United States Securities and Exchange Commission (SEC) is targeting investment advisors for potentially offering digital asset custody to its clients without meeting proper criteria. Citing three unnamed sources, Reuters reported that the Commission is probing advisers’ efforts to follow the rules around custody of clients’ digital assets after the implosion of FTX. The investigation…

A new bill introduced to the New York Senate seeks to make certain cryptocurrencies a legal form of payment for state agencies. This would include accepting crypto as payment for civil penalties, fines, taxes, and other fees charged by the state.  As detailed in the legislation set forth on Thursday, accepted cryptocurrencies would include Bitcoin,…

The popular on-chain sleuth ZachXBT recently called out two growing Twitter accounts for perpetrating multiple NFT-related scams over the past month.  The analyst explained the timeline of events on Friday, including their sudden rise to prominence and the rug pulls they’ve managed to pull off.  Calling Out the Scammers As outlined in the analyst’s Twitter…