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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

Richard Sanders is a blockchain analyst and investigator who advises the law enforcement and intelligence community. ” Russian President Vladimir Putin in August signed a new law legalizing cryptocurrency mining and allowing the use of cryptocurrency for international payments.

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MY TAKE: How blockchain technology came to seed the next great techno-industrial revolution

The Last Watchdog

Related: Securing identities in a blockchain Today we may be standing on the brink of the next great upheaval. Blockchain technology in 2019 may prove to be what the internet was in 1999. Public blockchains and private DLTs are in a nascent stage, as stated above, approximately where the internet was in the 1990s.

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Illegal Content and the Blockchain

Schneier on Security

Now the content-delivery network Akamai has reported on a new method: a botnet that uses the Bitcoin blockchain ledger. Since the blockchain is globally accessible and hard to take down, the botnet’s operators appear to be safe. What if someone puts illegal material in the blockchain? Most Bitcoin mining happens in China.

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Cyber Security’s Impact on Climate Change: What Can Organisations Do?

IT Governance

IT Governance found more than 1,200 publicly disclosed security incidents in 2021 , which correlates to society’s increasingly reliance on computers and the expanding influence that criminal hackers have. Then there’s blockchain mining. appeared first on IT Governance UK Blog. This is no small matter. Get started.

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Decarbonizing Cryptocurrencies through Taxation

Schneier on Security

This allows currencies to maintain their decentralized ledger—the blockchain—but requires enormous amounts of energy. Most notably, the “proof of stake” system enables participants to maintain their blockchain by depositing cryptocurrency holdings in a pool. It would increase government revenues.

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Weekly podcast: Australian Cabinet Files, Matt Hancock MP’s app and Monero mining

IT Governance

This week, we discuss the Australian government’s loss of thousands of classified documents, DCMS Secretary of State Matt Hancock’s buggy new app and the growing trend of cybercriminals using cryptocurrency miners. Hello and welcome to the IT Governance podcast for Friday, 2 February 2018. Here are this week’s stories.

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FTX Collapse Highlights the Cybersecurity Risks of Crypto

eSecurity Planet

He has “worked around the clock” to secure assets, identify crypto on the blockchain , find records, and work with regulators and government authorities. One way is through hijacking computer resources to mine cryptocurrencies. where there is now a divided government, there may actually not be much action for the next few years.