Crypto Currency

Robert Mueller Won’t Testify Next Week After All

Israel responded to a Hamas cyberattack by blowing up the building that apparently housed the responsible hacking group, a new escalation in cyberwar doctrine. Google for the first time lets you limit how long it keeps your data—so go do that. And the CIA became the first intelligence agency to establish an official presence on…

Israel responded to a Hamas cyberattack by blowing up the building that apparently housed the responsible hacking group, a new escalation in cyberwar doctrine. Google for the first time lets you limit how long it keeps your data—so go do that. And the CIA became the first intelligence agency to establish an official presence on the Tor anonymous network. For some reason.

We also took a look inside China’s draconian surveillance of the Muslim Uyghur population, and explained why yet another major dark web takedown hasn’t actually rattled the underground internet drug trade. We explained why artificial intelligence doesn’t actually “hallucinate,” as had previously been thought, and what the practice known as application shielding does—and doesn’t—do to keep code safe from hackers. We traced the strange journey of a wicked NSA zero-day that multiple hackers got their hands on illicitly, and detailed the failings of the Computer Fraud and Abuse Act, currently being used to prosecute WikiLeaks founder Julian Assange.

Elsewhere, a new indictment raises questions about the motives behind major health care hack. And in perhaps the least surprising news of the week, major cryptocurrency exchange Binance got hacked to the tune of $40 million.

And there’s more! Each week we round up the news that we didn’t break or cover in depth but that you should know about. As always, click on the headlines to read the full stories. And stay safe out there.

Robert Mueller Won’t Testify This Week After All

While a firm date hadn’t been set, special counsel Robert Mueller had been widely expected to testify about his report on Russian election interference—and Donald Trump’s obstructive tendencies—as early as May 15. Alas, it’s not to be. After Trump himself flip-flopping on whether he’s OK with it and the Justice Department sending mixed

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Crypto Currency

Knaken Crypto Exchange Declared Bankrupt After €7 Million Customer Fund Shortfall

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Knaken, a Dutch cryptocurrency exchange, has filed for bankruptcy after a court in Rotterdam declared that the firm could not repay an enormous amount of funds to its customers. This comes after an investigation by the prosecutors found that about €7 million worth of customers’ funds were missing…
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From Bitcoin trading to financial super apps: what nine years of Binance reveal about crypto exchange evolution

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Nine years later, Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Its evolution from a spot cryptocurrency exchange into an integrated financial platform closely mirrors the broader maturation of the centralized exchange industry itself. A recent CoinDesk Research case study traces that transformation through five distinct phases…
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Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules

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Bitcoin Magazine

Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules
The Federal Reserve proposed requiring stablecoin issuers to verify customer identities before account opening or direct token redemption, extending bank-style anti-money laundering standards to stablecoins.
This post Federal Reserve Moves to Close Stablecoin Loopholes With New Customer ID Rules first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification

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CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
CME Group plans to sue the CFTC over its approval of bitcoin perpetual futures, arguing the contracts are swaps — not futures — under Dodd-Frank.
This post CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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