• IRS Chainalysis Monero contract
    Alt coins,  Bitcoin,  Regulation,  United States

    IRS bets $1M Monero transactions are traceable

    The IRS decision to spend big bucks with Chainalysis and Integra FEC indicates that its criminal investigations division is eager to follow up its successes in tracking Bitcoin

    Crypto intelligence firm Chainalysis and the data analytics company Integra FEC will each receive an upfront payment of $500,000 so they can begin developing their proposed tool. America’s taxman said it was seeking “innovative solutions” for tracing XMR, as well as off-chain transactions conducted using Layer 2 scaling networks.

  • ransomware attack kills hospital patient
    Bitcoin

    German ransomware attack kills hospital patient

    A female patient’s death may have been the first fatality attributable to this kind of cybersecurity attack

    On Sept. 9, a ransomware attack took over the hospital’s computer systems, making them inoperable. A female patient scheduled for a lifesaving procedure had to be transferred to another hospital 19 miles away in Wuppertal. She died during the trip.

  • Hacked crypto exchange sues Binance
    Cryptocurrencies

    Hacked crypto exchange sues Binance for allegedly laundering the stolen funds

    Japanese cryptocurrency exchange Fisco claims that Binance “either intentionally or negligently failed to interrupt the money laundering process when it could have done so.”

    Calling Binance the “‘go-to’ location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency,” Fisco’s complaint alleges that the thieves who stole $63 million in bitcoin, bitcoin cash, and monacoin laundered approximately $9.4 million of it through Binance.

  • High crypto adoption countries
    Bitcoin,  Tether

    Revealed: The countries with the highest levels of everyday crypto use

    Ukraine, Russia and Venezuela top the Chainalysis list—but major economies such as India and the U.K. narrowly miss a place in the top 10

    Joining Ukraine in the top 10 were Russia, Venezuela, China, Kenya, the U.S., South Africa, Nigeria, Colombia, and Vietnam. Overall, the company said that its findings show “excitement around cryptocurrency as an investment and, especially in the developing world, as a means of value storage and medium of exchange.”