Cryptocurrency crime surges, losses hit US$4.4 billion by end-September: CipherTrace report
Today's attackers are patient and willing to spend more time waiting for a payou
Today's attackers are patient and willing to spend more time waiting for a payou
The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.
Cryptojacking is the unauthorized use of someone else’s computer to mine cryptocurrency. Hackers do this by either getting the victim to click on a malicious link in an email that loads cryptomining code on the computer, or by infecting a website or online ad with JavaScript code that auto-executes once loaded in the victim’s browser.
"It is a correction; it's not a setback," said Dante Disparte, head of policy and communications for the Libra Association, whose 21 remaining members held their inaugural meeting in Geneva.
Backers of Facebook's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.
PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses.
France and Germany said on Friday that Facebook's Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency.
The Office of the Australian Information Commissioner and its counterparts in the UK, US, Canada and EU have called on Facebook and its subsidiary Calibra will ensure personal information is protected when as the Libra cryptocurrency project is rolled out.
The Apple credit card being launched with Goldman Sachs will not allow the purchase of cryptocurrencies with the card, according to a customer agreement posted to Goldman's website on Friday.
Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin on Wednesday, insisting tough regulatory problems would have to be worked out first.
A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation.
In a sign of widening scrutiny after Facebook Inc's proposed Libra digital coin aroused widespread objection, the bill proposes a fine of $1 million per day for violation of such rules.
U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."
The U.S. Federal Reserve is looking carefully at Facebook's planned cryptocurrency Libra, and will hold it to high standards regarding protecting consumers and regulation, Federal Reserve Chairman Jerome Powell said on Tuesday.
Facebook said last week it wanted to expand into payments and launch its own coin, Libra, by next year.