Crypto Breaks the Rules. That’s the Point

Cryptocurrency treats regulatory arbitrage as a feature, not a bug. The arbitrage conveys the message that the old regulations need to change. In the post-COVID world, software automatically issues crypto tokens, based on smart contracts that specify conditions for issuance. Standard US regulatory practice typically focuses on regulating host firms and intermediaries,…

‘Cryptojacking’ Attacks on Financial Firms on the Rise; Systems Used to Mine Cryptocurrencies, Report Says

Criminals are using cryptojacking attacks to target financial firms like banks and trading houses, to use their systems to mine cryptocurrencies, according to a cybersecurity firm. In a report published on Tuesday, SonicWall revealed that the number of these events rose 30 percent to 66.7 million. Hackers are distributing malware across corporate servers and other dev…