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Stolen Bored Apes Yacht Club NFT owner sues the OpenSea exchange with "my Bored Ape is rarer than Justin Bieber's" argument

One Timothy McKimmy has filed a lawsuit against the OpenSea NFT exchange platform claiming that they had their pricey Bored Ape Yacht Club series NFT stolen without any repercussions. The Bored Ape #3475 NFT, they argue, is rarer ...

Daniel Zlatev, 23 Feb 2022 13:08

Ukraine legalizes Bitcoin on second attempt in five months (Source: Crypto Currency News)

Ukraine legalizes Bitcoin and other virtual assets

Yesterday, Ukraine legislators voted in favor of legalizing cryptocurrencies. The goal of this move is to reduce corruption risks and to prevent fraud. This is the second attempt in five months, as the early October bill that had ...

Codrut Nistor, 18 Feb 2022 17:07

'Keep Your Coins' crypto asset forfeiture bill introduced in Congress to curb the government's digital wallet seizure powers

Prompted by the cryptocurrency wallet forfeiture possibility opened by the Canadian government's Emergencies Act against the so-called Freedom Convoy financing, a U.S. congressman is introducing a new "Keep Your Coins" bill. It ai...

Daniel Zlatev, 16 Feb 2022 13:54

Original Halo composers sue Microsoft for royalties pertaining to music rights of the game. (Image source: 343 Industries)

"They're not crediting us or giving us 20 percent": composers of Halo trilogy sue Microsoft for royalties

Composers of the original Halo trilogy have sued Microsoft for unpaid royalties. According to Marty O'Donnell, the music he and his partner created for Halo was licensed and not sold to Bungie. After Microsoft acquired Bungie, the...

Fawad Murtaza, 14 Feb 2022 00:23

The United States Department of Justice seized $3.6 billion in bitcoins this morning. (Image via US DOJ)

United States Department of Justice seizes over US$3 billion in cryptocurrency related to 2016 Bitfinex hack

Less than a week after over 94,000 bitcoins linked to the 2016 Bitfinex hack were noticed in a suspicious transfer, the United States Department of Justice has announced the seizure of those bitcoins and the arrest of two individu...

Sam Medley, 08 Feb 2022 20:17

Feds demand harsh punishment for Team Xecuter member Gary Bowser for aiding Nintendo Switch video game piracy. (Image Source: Techworm.net)

Feds want Nintendo Switch Team Xecuter hacker to serve five years and cough up US$4.5 million in landmark case, defense argues US government indicting only to send a message

The U.S. government recommended a five-year prison sentence and US$4.5 million in damages against Team Xecuter's Gary Bowser citing that his actions of finding loopholes and making mods cost the video game industry and gamers dear...

Vaidyanathan Subramaniam, 07 Feb 2022 17:42

Apple could be forced to allow third-party app stores on its devices (image via Apple)

Apple petitions US Government to scrap law that would let users sideload third-party apps

The US Government has drafted a bill that would force Apple to open up its devices to third-party app repositories. Apple has petitioned the Senate judiciary committee to reconsider it, citing privacy and security concerns.

Anil Ganti, 03 Feb 2022 16:27

Hackers managed to steal 119,755 bitcoins from the Bitfinex crypto exchange in 2016. (Image source: Unsplash - edited)

94,643.29 stolen bitcoins worth billions of dollars spotted on the move

A huge number of stolen bitcoins have been spotted on the move. A total of 94,643.29 bitcoins that were taken from the 2016 Bitfinex hack have been transferred to an unknown wallet, with the current street value at the time of wri...

Daniel R Deakin, 02 Feb 2022 19:51

Russian court refuses to enforce a ban on Samsung phones due to a patent infringement lawsuit decision. (Image source: Samsung)

Moscow Arbitration Court refuses to enforce a ruling that banned the sale of 61 Samsung smartphone models in Russia

An arbitration court in Moscow has refused to enforce a ruling that banned Samsung from importing and selling 61 smartphone models due to an alleged patent infringement. Back in October 2021, a Swiss company SQWIN SA filed a lawsu...

Fawad Murtaza, 02 Feb 2022 16:40

The FBI alerts customers to malicious QR codes that can direct them to phishing websites. (Image: Markus Winkler via Unsplash)

FBI warns that hackers are corrupting QR codes to conduct phishing attacks

The FBI has cautioned individuals who use QR codes to exercise vigilance when making payments or entering sensitive personal information. Cybercriminals are tampering with legitimate QR codes to create malicious codes that redirec...

Aleem Ali, 21 Jan 2022 22:54

Bank of Russia proposes a complete ban on Bitcoin mining and crypto transactions

The Russian Central Bank has come up with its own set of proposals to add to the Parliament's working group on crypto regulation that was formed back in December. The head of Bank of Russia's Financial Stability Department present...

Daniel Zlatev, 20 Jan 2022 16:52

Apple is now allowing dating apps in Netherlands to offer non-Apple payment options. (Image source: Apple)

Apple to allow independent payment options for dating apps in Netherlands, complying with a ruling from a Dutch market regulator

Complying with an order by the Netherlands' Authority for Consumers and Markets, Apple is now allowing developers of dating apps to offer non-Apple payment options. By allowing developers to use payment options outside of Apple's ...

Fawad Murtaza, 18 Jan 2022 22:30

Magniber ransomware pretends to be a legit Edge or Chrome update package. (Image Source: Unsplash)

Magniber ransomware being spread in the guise of a legit Microsoft Edge and Google Chrome update

Analysts have now discovered that attackers behind the Magniber ransomware, who have been exploiting IE-based vulnerabilities so far, are now targeting PCs via modern browsers such as Edge and Chrome. The Magniber ransomware is di...

Vaidyanathan Subramaniam, 16 Jan 2022 20:05

An investigation by a German cybersecurity agency has found no evidence of built-in censorship function inside Xiaomi phones. (Image source: BSI)

Germany's federal cybersecurity body fails to find any proof of built-in censorship inside Xiaomi phones

The Federal Cyber Security Authority, Germany's cybersecurity watchdog, has failed to find any evidence that Xiaomi is censoring certain words from its smartphones. In September 2021, Lithuania alleged that Xiaomi smartphones auto...

Fawad Murtaza, 15 Jan 2022 00:53

Telegram has been targeted by censorship for a while now (Source: MUO)

Telegram could be banned all over the European Union

Pointing out the undeniable fact that it is being used extensively by extremist groups, Germany aims to shut down Telegram across the country, and even across the entire European Union. In addition to death threats against officia...

Column by Codrut Nistor, 14 Jan 2022 16:38

Russia forms a working group on cryptocurrency regulation

Russia is drafting a comprehensive framework for cryptocurrency regulation to build on the digital asset legislation that it passed back in January. The government has formed a working committee in the Duma, the Russian Parliament...

Daniel Zlatev, 30 Dec 2021 14:14

A Russian court slaps Google with a US$98 million fine for failing to delete illegal content

A Moscow court has slapped Google with a US$98 million fine over the company's failure to remove content that violates Russian law. Content that glamorizes drugs, weaponry, harmful behavior, and extremism is illegal in Russia. Rep...

Fawad Murtaza, 24 Dec 2021 21:44

Crypto regulatory compliance automation firm Astra raises US$9 million in a private token sale

The cryptocurrency regulation requirements will only grow with time, and there are now services like the Astra Protocol that are offering automated compliance layer over digital asset trades. To continue its development, Astra has...

Daniel Zlatev, 23 Dec 2021 15:52

Amazon account banned on Amazon-owned Twitch

Twitch has strict community guidelines, and they seem to work better than the legislation of many countries in the world. The official Spanish-language Amazon Prime Video channel was suspended from Twitch (which is owned by Amazon...

Codrut Nistor, 22 Dec 2021 17:16

Meta has accused several surveillance companies of hacking and other data abuses. (Image source: Pexels via Pixabay)

Meta calls out private surveillance companies for attempting to hack around 50,000 accounts

A report released by Meta reveals that several spy firms have targeted approximately 50,000 Facebook users to gain personal information, potentially for use in later phishing attacks. A total of seven surveillance companies were n...

Polly Allcock, 19 Dec 2021 17:36

Hackers tweet that India has accepted Bitcoin as official currency from PM Modi's account

India is currently working on a comprehensive cryptocurrency legislation to regulate the digital assets market in the country which may lead to an outright Bitcoin ban. The final say will be on Prime Minister Narendra Modi, whose ...

Daniel Zlatev, 13 Dec 2021 11:10

The Apache log4j vulnerability can potentially be used by threat actors to hack into Steam, Twitter, and other services (Image source: Panda Security)

Apache Log4j zero-day exploit could be used by hackers to target users on Steam, Twitter, Amazon, and other platforms

A zero-day exploit was recently identified within the Apache log4j logging library, which can potentially be used by hackers to take over entire servers via logging messages. The vulnerability affects a number of online services, ...

Arjun Krishna Lal, 12 Dec 2021 23:59

Amazon was fined €1.1 billion by Italy's antitrust authority (AGCM) for misusing its hold on the online shopping market. (Image: Brian Angelo via Unsplash)

Amazon receives €1.1 billion fine in Italy for exploiting its market dominance

Amazon was penalized by Italy's antitrust authority (AGCM) for misusing its market dominance. The AGCM fined the company €1.1 billion and stated that Amazon coaxed Italian shops to use its shipping service by promising perks such ...

Aleem Ali, 11 Dec 2021 19:03

Jury orders Craig Wright, the self-proclaimed Bitcoin inventor Satoshi Nakamoto, to pay US$100 million in intellectual property theft

The verdict in the Kleiman v. Wright lawsuit, sometimes called the "Satoshi Nakamoto trial," is in, and Mr. Wright has to pay US$100 million in intellectual property damages to the plaintiff. Filed by the heirs of the deceased Dav...

Daniel Zlatev, 09 Dec 2021 12:45

Cryptocurrency execs testify before U.S. Congress, warn 'onerous' regulation may have a 'chilling' industry effect

Alesia Haas, the CEO of Coinbase Inc., is testifying before the U.S. House Committee on Financial Services alongside five other crypto exchange representatives for the first time. In prepared testimonies, the cryptocurrency platfo...

Daniel Zlatev, 08 Dec 2021 20:16

The US Patent and Trademark Office is set to grant Clearview AI a patent for its facial recognition software. (Image source: Tumisu via Pixabay)

Clearview is one step closer to getting a US patent for its facial recognition software

A patent filed by Clearview AI for part of its facial recognition technology is set to be granted by the US Patent and Trademark Office. Clearview's software is already being used by several bodies in the US, including the FBI.

Polly Allcock, 07 Dec 2021 00:51

The Stop Grinch Bots Act could potentially make it easier to buy consoles like the PlayStation 5 (Image source: Sony)

Members of the US Congress introduce "Stopping Grinch Bots Act" to penalize predatory scalping and potentially ease supply issues for the PlayStation 5 and graphics cards

Members of Congress recently introduced the Stopping Grinch Bots Act. If it passes through, this piece of legislation could make it illegal for scalpers to use bots and scripts to hoard electronics for resale.

Arjun Krishna Lal, 04 Dec 2021 12:30

Eligible Zoom users in the US can now claim up to US$25 as part of a class-action lawsuit settlement. (Image Source: Gadgets 360)

Paid Zoom users between March 2016 and July 2021 eligible for US$25 class-action settlement, free users US$15

Users of the popular Zoom video conferencing app between March 2016 and July 2021 can now file for compensation as part of a class-action lawsuit which the company has decided to settle outside of court for US$85 million. Accordin...

Vaidyanathan Subramaniam, 03 Dec 2021 15:34

Crypto exchange execs to face Congress for the first time as the SEC pushes registration

Maxine Waters (D-CA), the Chairwoman of the House Committee on Financial Services, has scheduled a December 8 Congressional hearing titled the "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of...

Daniel Zlatev, 02 Dec 2021 13:31

The Fed issues 'crypto sprint' roadmap for the new cryptocurrency regulation and tax law guidance

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency have issued a joint statement clarifying the next steps in the US cryptocurrency regulation...

Daniel Zlatev, 24 Nov 2021 16:32

Cryptocurrencies will soon be regulated in India

Indian government to introduce new cryptocurrency-specific laws soon

The Indian government will finally address the burgeoning cryptocurrency issue in the Winter Session of parliament. It plans to regulate crypto-related transactions in the country. A state-backed digital currency is also said to b...

Anil Ganti, 24 Nov 2021 09:11

Due to the new law that includes mandatory reports of crypto transactions, the IRS could confiscate a record amount of cryptocurrencies in the coming years (Image: Bermix Studio)

Hundreds of newly hired IRS special agents could hunt down crypto criminals in the US as the authority expects to seize cryptocurrencies worth billions of dollars due to new taxation law

The US tax authority, also known as the Internal Revenue Service, anticipates seizing a record amount of cryptocurrencies in 2022. Such seizures could be conducted by hundreds of newly hired special agents, who would investigate c...

Enrico Frahn, 18 Nov 2021 21:40

China's totalitarian government has punished an official who violated the infamous cryptomining ban (Image: Reuters)

Politician who violated China's cryptomining ban is punished by getting expelled from communist party

The Chinese government strictly enforces recent bans in regard to cryptomining and financial transactions involving cryptocurrencies, and it has now caught and punished one of its own officials who allegedly accepted bribes from c...

Enrico Frahn, 17 Nov 2021 00:36

Fortnite fails to get approval in China and the game's Chinese servers have shut down. (Image source: Epic Games)

Fortnite quits China as the Chinese government tightens regulations of the games industry

Chinese servers of the popular game Fortnite stopped working on November 15 after the game failed to get approval from the Chinese government. This marks the end of Fortnite's three-year limited trial run in the country. Fortnite'...

Fawad Murtaza, 16 Nov 2021 19:35

Biden signs crypto taxation into law, but a new bill aims to set exemption for miners

A bipartisan group of Senators has reintroduced a last-ditch amendment bill to exempt entities like miners or wallet developers from being considered crypto transaction brokers, stifling digital asset innovation. Under the new cry...

Daniel Zlatev, 16 Nov 2021 17:07

A lawsuit may finally reveal who is Satoshi Nakamoto, the alleged inventor of Bitcoin

According to the heirs of one David Kleiman, he co-created the Bitcoin protocol together with another programmer, Craig Wright, and is entitled to half of the one million bitcoins their partnership created. They have filed a lawsu...

Daniel Zlatev, 14 Nov 2021 22:59

The newly discovered malware puts millions of IoT devices at risk (Image source: Packetlabs)

Open source Botenago malware could potentially affect millions of routers and IoT devices

Written in Google's own open source Golang programming language, Botenago could potentially affect millions of routers connected to the internet as well as IoT devices.

Arjun Krishna Lal, 13 Nov 2021 14:23

Cryptocurrency regulation vote deadline urged by the European Commission

The European Commissioner for Financial Services urged EU members and the European Parliament to agree on a crypto regulation proposal by November's end. Some EP members expressed skepticism about the deadline, indicating that it'...

Daniel Zlatev, 12 Nov 2021 18:27

While its creators are unknown, Phonespy appears to offer similar capabilities to NSO Group's infamous Pegasus spyware (Image source: NSO)

Phonespy surveillance software mimics Pegasus and was spotted stealing data from thousands of South Korean Android users

A newly discovered mobile surveillance tool, Phonespy, appears to offer hackers and governments similar capabilities to NSO's Pegasus. Researchers found that Phonespy was being used by unknown actors to monitor and steal data from...

Arjun Krishna Lal, 11 Nov 2021 11:04

European Union toughens its stance against anti-competitive US tech firms as the General Court dismisses Google's appeal against a US$2.8 billion fine

European Union’s General Court has rejected Google’s appeal against a US$2.8 billion fine that the company had received in 2017. The fine was the result of the European Commission’s verdict that Google had broken antitrust law by ...

Fawad Murtaza, 10 Nov 2021 23:59

Crypto taxation passes with the House infrastructure bill, time to sort those Shiba Inu coin gains

Congress finally passed the new infrastructure bill with its provisions to tax cryptocurrency transactions essentially unchanged. Pending IRS and Treasury Department guidance, any digital asset class deal above US$10,000 may now h...

Daniel Zlatev, 06 Nov 2021 15:36

The Discord CDN network is apparently being abused to send malware masquerading as images, video, or text (Image source: Discord)

Hackers are using Discord to send malware and remote-access trojans, putting millions of users at risk

A report by RiskIQ indicates that hackers are abusing the Discord CDN to in a range of ways to send users over 27 different types of malware, including remote access trojans that allow them to gain control of victims' devices.

Arjun Krishna Lal, 30 Oct 2021 17:44

Ransomware group REvil taken down by the FBI

Ransomware group involved in the Colonial Pipeline attack hacked by the FBI

REvil, a Russian-led ransomware group that was involved in the Colonial Pipeline attack, has been hacked and its website was taken down by the FBI. The bureau, along with the Secret Service and partner countries, managed to infilt...

Fawad Murtaza, 26 Oct 2021 19:59

AvosLocker reportedly stole sensitive customer information from Gigabyte (Image source: Panda Security)

Gigabyte hit by ransomware attack: NDA’d information and customer details leak out with hackers threatening worse

A ransomware attack by a group called AvosLocker reportedly hit Gigabyte. As a result of the attack, sensitive information including customer credit card details, NDA'd agreements with Gigabyte partners, and employee payroll infor...

Arjun Krishna Lal, 24 Oct 2021 14:10

The U.S. will soon ban the export of cybersecurity tools to specific countries and entities. (Image via U.S. Department of Commerce)

United States to ban export of cybersecurity tools and software to countries with "authoritarian practices"

A new rule from the U.S. Department of Commerce prohibits the sale or export of cybersecurity-related software and hardware to specific countries. Citing national security and anti-terrorism reasons, the rule bans exports to gover...

Sam Medley, 21 Oct 2021 06:40

Lawmakers from the US House of Representatives threaten Amazon with criminal investigation

US lawmakers threaten Amazon with a criminal probe over the company's alleged misuse of third-party seller data and search result manipulation

US lawmakers from the House of Representatives have written a letter to Amazon CEO Andy Jassy demanding evidence in support of the company's 2020 congressional testimony. Recently, reports from Reuters and The Markup alleged that ...

Fawad Murtaza, 21 Oct 2021 02:42

Acer India has been hit by a major security breach. (Image Source: Unsplash)

Major security breach hits Acer affecting millions of Indian users, hacking group claims responsibility

Acer's Indian servers have been breached by the hacker group Desorden, who claim to have access to 60 GB of sensitive corporate information and financial data. The group also claimed to release data of millions of Acer customers f...

Vaidyanathan Subramaniam, 18 Oct 2021 02:28

Steam will no longer feature games that issue NFTs and crypto to users (Image source: Steam)

Valve gets rid of all blockchain, crypto, and NFT games on the Steam platform

In a recent policy change, Valve decided that the Steam platform would no longer support games built on blockchain technology that let users receive or exchange crypto or NFT assets, raising questions about the future of player-ow...

Arjun Krishna Lal, 16 Oct 2021 17:57

Ransomware attacks may have cost businesses over US$5 billion in losses this year (Image source: Kaspersky)

US FinCEN watchdog reports that companies may have forked out nearly US$600 million in ransomware payments through 2021

The Financial Crimes Enforcement Network stated that so far in 2021, crypto exchange and financial institutions have reported nearly US$600 million in transactions to pay ransomware attackers. This is signifcantly higher than 2020...

Arjun Krishna Lal, 16 Oct 2021 13:48

Social platforms are no longer shielded by Section 230 of the Communications Decency Act. (Image: Austin Distel)

US Energy and Commerce Committee reveals legislation that holds social platforms accountable for 'malicious algorithms'

The US Energy and Commerce Committee has announced an amendment to Section 230 that previously shielded social platforms from liability. Thus, these companies will now be held accountable for algorithms that recommend harmful cont...

Aleem Ali, 16 Oct 2021 02:19

Cyberlaw

Stolen Bored Apes Yacht Club NFT owner sues the OpenSea exchange with "my Bored Ape is rarer than Justin Bieber's" argument

Ukraine legalizes Bitcoin and other virtual assets

'Keep Your Coins' crypto asset forfeiture bill introduced in Congress to curb the government's digital wallet seizure powers

"They're not crediting us or giving us 20 percent": composers of Halo trilogy sue Microsoft for royalties

United States Department of Justice seizes over US$3 billion in cryptocurrency related to 2016 Bitfinex hack

Feds want Nintendo Switch Team Xecuter hacker to serve five years and cough up US$4.5 million in landmark case, defense argues US government indicting only to send a message

Apple petitions US Government to scrap law that would let users sideload third-party apps

94,643.29 stolen bitcoins worth billions of dollars spotted on the move

Moscow Arbitration Court refuses to enforce a ruling that banned the sale of 61 Samsung smartphone models in Russia

FBI warns that hackers are corrupting QR codes to conduct phishing attacks

Bank of Russia proposes a complete ban on Bitcoin mining and crypto transactions

Apple to allow independent payment options for dating apps in Netherlands, complying with a ruling from a Dutch market regulator

Magniber ransomware being spread in the guise of a legit Microsoft Edge and Google Chrome update

Germany's federal cybersecurity body fails to find any proof of built-in censorship inside Xiaomi phones

Telegram could be banned all over the European Union

Russia forms a working group on cryptocurrency regulation

A Russian court slaps Google with a US$98 million fine for failing to delete illegal content

Crypto regulatory compliance automation firm Astra raises US$9 million in a private token sale

Amazon account banned on Amazon-owned Twitch

Meta calls out private surveillance companies for attempting to hack around 50,000 accounts

Hackers tweet that India has accepted Bitcoin as official currency from PM Modi's account

Apache Log4j zero-day exploit could be used by hackers to target users on Steam, Twitter, Amazon, and other platforms

Amazon receives €1.1 billion fine in Italy for exploiting its market dominance

Jury orders Craig Wright, the self-proclaimed Bitcoin inventor Satoshi Nakamoto, to pay US$100 million in intellectual property theft

Cryptocurrency execs testify before U.S. Congress, warn 'onerous' regulation may have a 'chilling' industry effect

Clearview is one step closer to getting a US patent for its facial recognition software

Members of the US Congress introduce "Stopping Grinch Bots Act" to penalize predatory scalping and potentially ease supply issues for the PlayStation 5 and graphics cards

Paid Zoom users between March 2016 and July 2021 eligible for US$25 class-action settlement, free users US$15

Crypto exchange execs to face Congress for the first time as the SEC pushes registration

The Fed issues 'crypto sprint' roadmap for the new cryptocurrency regulation and tax law guidance

Indian government to introduce new cryptocurrency-specific laws soon

Hundreds of newly hired IRS special agents could hunt down crypto criminals in the US as the authority expects to seize cryptocurrencies worth billions of dollars due to new taxation law

Politician who violated China's cryptomining ban is punished by getting expelled from communist party

Fortnite quits China as the Chinese government tightens regulations of the games industry

Biden signs crypto taxation into law, but a new bill aims to set exemption for miners

A lawsuit may finally reveal who is Satoshi Nakamoto, the alleged inventor of Bitcoin

Open source Botenago malware could potentially affect millions of routers and IoT devices

Cryptocurrency regulation vote deadline urged by the European Commission

Phonespy surveillance software mimics Pegasus and was spotted stealing data from thousands of South Korean Android users

European Union toughens its stance against anti-competitive US tech firms as the General Court dismisses Google's appeal against a US$2.8 billion fine

Crypto taxation passes with the House infrastructure bill, time to sort those Shiba Inu coin gains

Hackers are using Discord to send malware and remote-access trojans, putting millions of users at risk

Ransomware group involved in the Colonial Pipeline attack hacked by the FBI

Gigabyte hit by ransomware attack: NDA’d information and customer details leak out with hackers threatening worse

United States to ban export of cybersecurity tools and software to countries with "authoritarian practices"

US lawmakers threaten Amazon with a criminal probe over the company's alleged misuse of third-party seller data and search result manipulation

Major security breach hits Acer affecting millions of Indian users, hacking group claims responsibility

Valve gets rid of all blockchain, crypto, and NFT games on the Steam platform

US FinCEN watchdog reports that companies may have forked out nearly US$600 million in ransomware payments through 2021

US Energy and Commerce Committee reveals legislation that holds social platforms accountable for 'malicious algorithms'

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