Tag Archives: bitcoin

Anticipating Risks From and Responding to Cryptocurrency Theft

On November 20-21, 2017, Tether, the company behind USDT, a digital token backed by fiat currencies like the dollar and euro, disclosed that a hack resulted in the loss of $30.95 million worth of tokens. The Tether hack illuminates the privacy, reputational, financial and recovery risks associated with issuing, owning and storing digital currencies. These … Continue Reading

The FCA Speaks Out on Initial Coin Offerings

The initial coin offerings (ICOs) regulatory map has begun to take shape with the U.S. Securities and Exchange Commission (SEC), the Canadian Securities Administrators (CSA), the UK’s Financial Conduct Authority (FCA), Singapore, Hong Kong, China and Australia offering their opinions on ICOs.  The FCA recently stated that ICOs are “very high-risk, speculative investments.”  The Dubai … Continue Reading

Busy Summer for Distributed Ledger Technology

Distributed Ledger Technology (DLT) and cryptocurrency have been a hot topic this summer.  DLT has begun its transition from a proof-of-concept phase, to a real world deployment. Some of the changes over the last six weeks include: Bitcoin splitting into two currencies; the Securities Exchange Commission (SEC), the Canadian Securities Administrators (CSA), and the Monetary … Continue Reading

Ransomware in the Spotlight with Recent Attacks

This month’s WannaCry ransomware attack is the latest example of how these targeted attacks can cripple operating systems, with the bitcoin payments the price for alleged relief. In the attack, the WannaCry ransomware computer worm targeted the Microsoft Windows operating system, infecting more than 230,000 computers in 150 countries. The ransomware was allegedly spread through … Continue Reading
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