The Federal Bureau of Investigation (FBI) jointly with the Cybersecurity and Infrastructure Security Agency (CISA), and the Department of the Treasury, released an advisory on North Korea's cyber-threat to cryptocurrency and on suggestions for mitigating.
The cost of Bitcoin on Tuesday hopped above $50,000, carrying its year-to-date gain to 74%. Ongoing interest from Wall Street institutions has added to the momentum. Bitcoin rose by as much as 4.9%, to $50,547.70. The cryptocurrency at that point pared gains slightly, exchanging at $48,853.99 as of 9 a.m. ET. After ending last year with a fourth-quarter surge of 170% to around $29,000, Bitcoin token leaped to $40,000 seven days after the fact. It took just nearly a month and a half to breach the latest threshold, buoyed by endorsements from the likes of Paul Tudor Jones, Stan Druckenmiller, and Elon Musk. Bitcoin exchanged for a few cents for quite a long while after its introduction more than a decade ago.
The Minister of Digital Transformation Mikhail Fedorov said that his department is in contact with the team of the developer of the Telegram messenger Pavel Durov.
According to Fedorov, he is familiar with Durov's team. Employees of the Ministry of Digital Transformation received advice on bills related to virtual assets and cryptocurrency
"I know Durov's team. I know all its management, we communicate, consult even on bills related to cryptocurrency, virtual assets, and so on."
The Minister said that he actively uses the Telegram messenger for fast communications. However, the information exchanged by officials is protected as much as possible, and all documents pass through electronic document management.
"Of course, questions of national importance do not need to be sent in messengers, this is understandable," added Mikhail Fedorov.
Answering the question about which of the messengers is the safest for him, the head of the Ministry of Digital Transformation noted that he most often uses Telegram and WhatsApp.
Recall that on December 2, the Verkhovna Rada of Ukraine in the first reading adopted as a basis the draft law "On virtual assets" regulating operations with cryptocurrencies in the country. The bill classifies virtual assets (VA) as an intangible good.
The function of the market regulator is assigned to the Ministry of Digital Transformation, and in some cases to the National Bank and the National Commission on Securities and Stock Market.
According to experts, the daily volume of cryptocurrency transactions in Ukraine is about $150-200 million. One of the authors of the document, Deputy Oleksiy Zhmerenetsky, noted that the bill will allow cryptocurrency companies to pay taxes and allow specialized foreign firms to cooperate with Ukrainian banks and invest in the industry.
Ukraine did not follow the Russian path of banning virtual assets, because this market is a growth point for Ukraine's GDP and an opportunity to become one of the world's technology leaders. In addition, it makes no sense to prohibit something that is technically impossible to control, as we have already seen in the case of blocking Telegram in Russia.
Recall that Roskomnadzor has added the site of the Binance crypto exchange to the list of banned sites in Russia.
“The need for our collaboration is clear and undeniable,” he stated.He further delved into the cyber crimes occurring because of COVID-19 as much of the population and government employees are working from home these cybercriminals are attacking vulnerabilities in remote applications like VPN (virtual private networks) and remote desktop protocol in order to steal information. Blanco advised companies to pay due diligence and advise the same to the customers.