hack

US authorities charge three suspects in the massive Twitter hack.

A British man, a Florida man, and a Florida teen have been charged by US authorities in relation to the Twitter hack of prominent politicians, celebrities, and technology moguls to scam people around the globe out of more than USD 100,000 in Bitcoin, authorities said Friday. Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute him as an adult. The 17-year-old will faces 30 felony charges.  Hackers sent out fake tweets soliciting bitcoin from compromised accounts.  The hackers managed to access the

All Hope Not Lost; Court Grants Cryptopia Users Entitlement to Funds in New Ruling

Users of defunct New Zealand cryptocurrency exchange, Cryptopia, have finally gotten a reason to smile again after more than a year of losing their funds in multiple hacks. A new ruling by a high court today will ensure that victims receive part of the company’s assets worth over $100 million as compensation for their losses in the Cryptopia hacks. Justice David Gendall at the High Court in Christchurch declared that the users of the exchange are entitled to the assets they hold in Cryptopia accounts. He, therefore, decided that they

Japanese Tax System Not Equipped to Handle Cryptocurrencies

Japan is planning to enforce new cryptocurrency regulations in the country in May but its existing tax system may not be properly equipped to handle digital currency transactions. According to a top government official, the system still needs some tweaks before it can manage crypto taxes.Japanese taxation regime needs a changeRepresentative Shun Otokita of the Japan Innovation Party held a Q& A session at the Financial Statements Committee on April 6. Therefore, he talked about the value of market research before introducing a separate tax regime for digital currencies. He

Revised Crypto Laws in Japan to be Enforced Starting May 1

New laws for regulating cryptocurrencies in Japan will start to be enforced next month.The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially been set until last week.In the April 3 edition of an official government newsletter, it was announced that the revised versions of the PSA and FIEA would be enforced

Nodle Outgrows Stellar, Begins to Migrate to own Blockchain

Nodle Network, an IOTA (MIOTA) competitor, is in the process of migrating from Stellar (XLM) to its own blockchain network with the release of the Arcadia testnet.Nodle is a decentralized network provider that specializes in detecting and connecting the internet of things (IoT). It currently connects over five million active nodes with over 92 million detected devices. While Stellar has been able to handle Nodle’s heavy traffic of 1.3 million daily transactions to date, the company believes it needs to deploy its own blockchain to accommodate some of the advanced features