Between July 2020 and June 2021 alone, ransomware activity spiked 1,070%, according to to a recent Fortinet (NASDAQ:) report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the predominant business model of the legitimate tech world, ransomware-as-a-service portals jumped up into the darkest corners of theRead More →

Major exchanges, interviewed by the Russian press, indicated that they are not afraid of the upcoming tough crypto regulations. The requirement for coin exchanges to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency exchanges to open a shopRead More →

Cryptocurrency companies have put forward several proposals to regulate cryptocurrency, ranging from making exchanges liable for any money laundering or other regulatory concerns to differentiating between different exchanges based on their net worth and their technology. In a series of recent meetings between some crypto exchanges, their advisors, and governmentRead More →

Source: capital.com 2021 has been a year of significant growth for the cryptocurrency markets in India. However, fear of future regulatory changes is now causing several exchanges to lock accounts for suspicious transactions. Users on Multiple Exchanges Locked Out for Suspicious Account Activity Source: ccn.com Popular crypto exchanges in IndiaRead More →

Binance decreased bitcoin withdrawals for unverified user accounts by 97%. This is normal for large crypto exchanges, fighting against money laundering. A basic user account verification is instant, but a full KYC verification by an exchange can take a few days. The world’s largest cryptocurrency exchange, Binance, has drastically reducedRead More →