Tag Archives: Bitcoin

GSA Offering Over 7 Bitcoins During End of Season Auction; Thomas Meiron Quoted

Cryptocurrency Auction

The General Services Administration (GSA) has announced eight auction lots of a combined 7.85 bitcoins estimated to be worth over $360,000 as part of its End of Season sale. The cryptocurrencies, the last from GSA Auctions for 2021, are up for bidding until Wednesday, with an option for extension to take in last-minute offers, the agency said Monday.

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Law Enforcement Officials Retrieve $2.3M in Ransomware Payments From Colonial Pipeline Hackers; Paul Abbate Quoted

Ransomware

Officials from the FBI and the Department of Justice (DOJ) announced Monday the recovery of $2.3 million in bitcoin paid to a group of cyber hackers responsible for the ransomware attack on Colonial Pipeline. Paul Abbate, deputy director of the FBI, said agents identified the digital currency wallet used by the DarkSide group to collect ransomware payments from the oil company.

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CISA’s Nitin Natarajan: Tighter Cryptocurrency Regulations Won’t Deter Ransomware Attackers

Nitin Natarajan

Nitin Natarajan, deputy director of the Cybersecurity and Infrastructure Security Agency (CISA), said a crackdown on cryptocurrency would not hamper threat actors from launching ransomware attacks. “Criminals have always found an innovative way to continue the attack [through] some mechanism so if we were to magically flip a switch and make Bitcoin for instance completely transparent, they're going to find another way to do it,” said Natarajan.

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GSA to Hold Auction for Excess Cryptocurrency Assets

Bitcoin Auction

The General Services Administration (GSA) will hold its second-ever cryptocurrency sale on March 29th as part of the federal government’s clearinghouse operations for excess bitcoin assets. GSA Auctions will open commission-free bidding activities at 4 p.m. CT. Winning bidders must have a digital wallet and are required to make payments through wire transfer by April 2nd.

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NIST Report Aims to Help Businesses Understand Blockchain

The National Institute of Standards and Technology has issued a draft report on blockchain in an effort to give businesses a “straightforward” description of the technology. The nearly 60-page document titled, “Draft NIST Interagency Report 8202: Blockchain Technology Overview” includes information on the concept of blockchain, its use in electronic currency and …

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DoD Eyes Blockchain Tech to Secure Military Platforms

The Defense Department has begun to consider using the blockchain technology as a method to protect U.S. military platforms, communications and procurements from potential cyber attacks, The Washington Times reported Thursday. Blockchain works to support digital transactions that involve the online currency bitcoin. The Defense Advanced Research Projects Agency has …

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