Questions regarding the taxation of cryptocurrency (crypto) can be complicated. Although the IRS addresses crypto transactions for federal income tax purposes, many states have not yet provided any …
Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report
Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based …
Will regulated cryptocurrency become the new fiat currency?
With the collapse of FTX in November 2022 bringing to the forefront the need for regulation in the crypto industry, both policymakers and the financial sector are left asking how a virtual asset, …
Continue Reading about Will regulated cryptocurrency become the new fiat currency?
Here’s how to prevent NFT theft, according to industry professionals
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and …
Continue Reading about Here’s how to prevent NFT theft, according to industry professionals
Coinbase Wallet Adds Safety Features Following High-Profile NFT Scams
Coinbase says it is improving the safety and user experience of its Wallet app. The crypto firm announced a number of new features on Monday aimed at improving blockchain transparency and security for …
Continue Reading about Coinbase Wallet Adds Safety Features Following High-Profile NFT Scams
OODA CEO Matt Devost and OODA Network Members Review the OODA Almanac 2023 – Jagged Transitions
This conversation took place at the January 2023 OODA Network Member Meeting. OODA CEO Matt Devost on the OODA Almanac 2023 - Jagged …
Crypto Enforcement Actions, the SEC Crypto Assets and Cyber Unit, and National Security Risk
In two recent posts, we embarked on an effort to quantify crypto and digital assets enforcement and regulatory impacts and outcomes as they emerge in 2023: With Coinbase Investigation and $100M …
Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges
For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is …
Continue Reading about Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges
Binance Says Management of Its Funds ‘Has Not Always Been Perfect’
Binance has acknowledged that it may have mistakenly kept collateral backing some of its Binance-peg tokens—known as B-Tokens—in the same wallet as other company funds. These B-Tokens allow users to …
Continue Reading about Binance Says Management of Its Funds ‘Has Not Always Been Perfect’
North Korean threat actor targets cryptocurrency with new methodologies
A new report from Proofpoint Inc. today details a revamped state-sponsored North Korean threat actor that has been actively targeting cryptocurrency holders and exchanges using new …
Continue Reading about North Korean threat actor targets cryptocurrency with new methodologies