The Colonial Pipeline cyberattack fallout: why a crypto crackdown is not the answer

By Eray Arda Akartuna AML, Blockchain & Cyber Analyst For those connected to the cyber-world (pretty much everyone), trading in cryptocurrency or in dire need of petrol in North Carolina, last week was nothing short of a catastrophe. The 7 May 2021 ransomware attack on the 5,500-mile Texas-New York Colonial Pipeline suspended its operations forContinue reading “The Colonial Pipeline cyberattack fallout: why a crypto crackdown is not the answer”

Quantum vs blockchain: a looming showdown?

By Eray Arda Akartuna AML, Blockchain and Cyber analyst During the Covid-19 pandemic, interest in cryptocurrencies has massively increased, sending Bitcoin (the original cryptocurrency) surging to new all-time highs[1]. Already, financial institutions such as Citibank are predicting that Bitcoin might become the preferred currency of the future[2]. As a fast, anonymous, decentralised and global paymentContinue reading “Quantum vs blockchain: a looming showdown?”

Cryptocurrencies: The pandemic’s new haven for criminals and terrorists (and what we can do about it)

By Eray Arda Akartuna AML/CFT & futures analyst In the world of new and disruptive technologies, trends that are set in motion can be hard to stop. The Bitcoin frenzy, which has revolutionised not only payments but also entire industries, is just one of many examples. Presenting a secure transparent network, the underlying Blockchain technologyContinue reading “Cryptocurrencies: The pandemic’s new haven for criminals and terrorists (and what we can do about it)”