Security News

A homeowner’s attempt to sue his insurer for failing to cover his $170,000 loss to a crypto scam has failed in a United States appeals court, with a three-judge panel ruling there was no error in dismissing his case. The Fourth Circuit Appeals Court ruled on Oct. 24 that a Virginia District Court judge made no error […]

South Korea is reportedly planning to increase its oversight of cross-border transactions involving cryptocurrencies in a bid to combat tax evasion and “foreign exchange” crimes, according to the country’s finance minister, Choi Sang-Mok, at a G20 meeting in Washington. Choi said South Korea will introduce a reporting mandate for any business that handles “cross border […]

The digital assets market in Thailand is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, says the CEO of Binance Thailand. A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand chief executive […]

Professionals in the United States banking industry prefer presidential candidate and former US president Donald Trump by a small margin, according to recent survey data. But most expect to see his opponent, Vice President Kamala Harris, take the Oval Office in January. American Banker publisher Arizent gathered survey data from 191 respondents working in the […]

The North Korean Lazarus Group of hackers used a fake blockchain-based game to exploit a zero-day vulnerability in Google’s Chrome browser and install spyware that stole wallet credentials. Kaspersky Labs analysts noticed the exploit in May and reported it to Google, which has fixed it. Play at a big risk The hacker’s play-to-earn multiplayer online […]

Mick Mulvaney, who served as acting White House Chief of Staff under Donald Trump, called crypto an industry that “breaks the mold” of United States politics because it appealed to Democrats and Republicans. In an Oct. 23 interview on NewsNation — where he works as a contributor — Mulvaney said crypto “doesn’t fit neatly into […]

The United States is behind the curve on crypto regulations but could begin to shape up laws after the elections, says Paolo Ardoino, CEO of the largest crypto stablecoin issuer, Tether. “There is no place like the US,” Ardoino said during an Oct. 22 virtual appearance at the DC Fintech Week conference. “The US has always been […]

Crypto predictions platform Polymarket is reportedly checking to ensure whales placing big bets on the United States presidential election are based overseas, as US users are banned from the platform. “Polymarket is in the process of re-checking the details of users of its platform, particularly those making large wagers, to ensure compliance with its rules,” […]

Global inflation, which has suppressed risk assets like cryptocurrencies and tech stocks, is set to fall to 3.5% by the end of 2025, thanks largely to a resilient world economy, the International Monetary Fund said. “The battle against inflation is almost won. After peaking at 9.4% year on year in the third quarter of 2022, […]

MicroStrategy’s executive chairman, Michael Saylor, has been slammed over his latest comments recommending Bitcoin custodianship through “too big to fail” financial institutions rather than using self-custody — something he once championed. Saylor controversially suggested Bitcoiners have nothing to lose by transferring their Bitcoin BTC$67,384 to institutions in an Oct. 21 interview with financial markets reporter Madison Reidy. Saylor is […]