Bitcoin’s Lightning Network may be inching closer toward mainstream adoption, as LDK—one of the main implementations of the network—sets forth on an ambitious new roadmap to improve functionality and accessibility for users. Lightning Development Kit, also known as LDK, is a project from Bitcoin open-source development entity Spiral, which is funded by Jack Dorsey’s Block. LDK plays a significant role…
The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.” Mandiant, a Google subsidiary, has been tracking the North Korean Advanced Persistent Threat (APT) group since 2018 but has only now “graduated” the…
The price of Bitcoin (BTC) fell 3.6% to $26,900 after Binance and CEO Changpeng “CZ” Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) on March 27. To date, Binance has been investigated by the CFTC, the US Securities and Exchange Commission (SEC), the Internal Revenue Service and federal prosecutors. The Bitcoin price correction may have been…
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility of him being handed over to other countries within the detention period. Passport Forgery Investigation…
USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle. We’re excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon, stay tuned for details. #IBC https://t.co/eqU8wno43F — Circle (@circle)…
San Francisco-based cryptocurrency exchange Kraken has reached a deal with Williams Racing to become the British Formula 1 (F1) team’s first official crypto and Web3 partner. It also marks the first global partnership for Kraken. Kraken’s branding will appear on the rear wing of the Williams cars, driver’s suits, and caps for the remainder of this year’s F1 World Championship…
The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin Gruenberg spoke about the causes of the failures of Silicon Valley Bank (SVB) and Signature Bank, including the role of digital assets, and the agency’s…
North Korean hackers may be laundering cryptocurrency via cloud mining services, according to a report released today. Google-owned cybersecurity firm Mandiant said on Tuesday that a Pyongyang-baed hacking group known as APT43 “steals and launders enough cryptocurrency to buy operational infrastructure in a manner aligned with North Korea’s juche state ideology.” Juche is the state ideology of North Korea and…
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international bank began at the end…
As cyberattacks become more sophisticated and complex, tech companies are turning to artificial intelligence to help detect and prevent attacks in real-time. But some cybersecurity experts are skeptical about its capabilities. On Tuesday, global software giant Microsoft announced the launch of Security Copilot, a new tool that uses generative AI. Generative AI is a type of artificial intelligence that uses…
