TL;DR Breakdown FBI recovers ransom paid to pipeline hackers How hackers hit colonial pipeline The FBI has recovered millions of dollars in cryptocurrency paid in ransom to hackers of Colonial Pipeline. However, they said the Justice Department would reel out details of the recovery operation as ransom recovery is a rare outcome for a company […]

FTC reports consumers lost $82 million to crypto scams in half a year as we can read more in our latest cryptocurrency news today. The US Federal Trade Commission or the FTC reports that consumers lost up to $82 million to crypto scams in six months and the rise in crypto scams happened while Bitcoin’s […]

The U.S. president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations.

Colonial Pipeline paid $4.4 million in Bitcoin to resolve a ransomware attack.

With the recent ransomware attacks on some major American companies, two U.S. senators have expressed deep concerns about these incidents.  In the latest episode of NBC News’ “Meet the Press,” senators Roy Blunt and Mark Warner have talked about the dangers of the recent cyber attacks.  Both of them have proposed that stronger regulations must […]

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Finding the right wallet is one of the most important steps any crypto holder can take. A proper wallet keeps coins safe from hackers. It also ensures you have autonomy over your money.  A report from Atlas VPN found how hackers managed to carry out 122 attacks in 2020, targeting decentralized applications (47), crypto exchangesRead More

U.S senators voiced their opinions on the matter of cryptocurrency's use in ransomware attacks.

US Senators targeted cryptocurrencies after the new wave of ransomware attacks as they urged more regulation as we can see more in our latest cryptocurrency news today. The two US senators targeted crypto after the recent ransomware attacks that we witnessed on JBS and Colonial Pipeline. Both senators on the Intelligence Committee suggested over the […]

Two U.S. senators on the Intelligence Committee suggested that lawmakers should take increased measures to regulate and trace cryptocurrencies over the weekend. The recommendations come after a second major ransomware attack within a month that has demanded payments in digital currencies. According to the Forbes report, Senator Roy Blunt unleashed a tirade on cryptocurrencies and the anonymity […]