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A recent FinCEN advisory has stated that the re-imposition of economic sanctions on November 5 could drive Iran to get more serious about the cryptocurrency experiments it began in 2013. Could Iran Follow North Korea’s Lead Evading Sanctions Using Crypto? Iran has made little secret of its interest...
South Korean intelligence officials are pointing toward North Korea as being the responsible party behind a string of cryptojacking cases across the country. North Korea Continues to Mine for Crypto on South Korean Computers According to a new intelligence gathering report, prompted by an upcoming visit to North...
Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of...
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly...
A new, highly targeted ransomware attack has been affecting large businesses. The Ryuk operation demands that victims make large Bitcoin payments for the return of their files. Is Ryuk Ransomware Connected to North Korea’s Lazarus Group? The Ryuk ransomware attack has been exposed by security company Check Point....
Bithumb, South Korea’s biggest cryptocurrency exchange alongside UPbit, has banned digital asset trading in North Korea, Iran, Iraq, Sri Lanka, and seven other countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative. Beginning May 28, the Bithumb team stated that to prevent...
North Korea seemingly wants to bypass the sanctions imposed upon the nation by the US government. Doing so will require a very creative approach. So far, it seems the country’s government leans toward using bitcoin for this specific purpose. North Korea and Bitcoin It is evident there are...
Cybercrime experts are attributing the most recent Bitcoin heist to North Korea. The Wall Street Journal report that the South Korean cryptocurrency exchange YouBit is the latest victim of a malicious hacking, and that their northern neighbours are to blame. YouBit have been forced to declare themselves bankrupt...
Strong evidence is emerging that an elite team of hackers operating out of Pyongyang are stealing Bitcoin. It’s thought that the totalitarian nation is hoping to negate the effect of recent global trade embargos levied against them. As the UN sanctions tighten around the rogue state, it seems...
Bitcoin is the most valuable cryptocurrency of all times. The first cryptocurrency has always been leading the pack of altcoins, irrespective of how low or high its price has fluctuated. At the same time, the universal decentralized nature of Bitcoin makes it an ideal asset for people, irrespective...
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