The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that the sanctions would be imposed on Suex, a cryptocurrency transferring service that’s registered in the… Continue reading Crypto Channels Targeted in Biden’s Fight Against Ransomware
Tag: cryptocurrency
Bitcoin Price Hits Record High
Bitcoin hit a record high price Monday, according to cryptocurrency news and data source CoinDesk, with the digital currency trading as high as $19,786.24. This isn’t the first time that the virtual coin’s price has spiked, with past big gains often followed by steep declines. But, experts have said, this time may be a bit… Continue reading Bitcoin Price Hits Record High
Cryptocurrency Investors Locked Out of $190M After Exchange Founder Dies
About $190 million in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him. Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, were unable to access their funds after its founder, Gerald Cotten, died last year. According to… Continue reading Cryptocurrency Investors Locked Out of $190M After Exchange Founder Dies