North Korean hackers attacks South Korean cryptoindustry

The Korea Internet & Security Agency indicated a 360% increase in malware attacks in 2017
15 November 2017   522

The Korea Internet & Security Agency (KISA) has reported about on cyberattacks from North Korea, targeted to South Korean cryptoindustry, digital currency users and service providers. Main weapon of hackers is malware. This is reported by the Yonhap News.

According to the latest report, dated mid-November 2017, KISA indicated a 360% increase in malware attacks in 2017, in comparing to 2016. These attacks shows that the hackers put real efforts to brake daily operation of cryptocompanies and steal cryptocoins.

Cryptocurrencies such as Bitcoin and Ethereum have been claimed as the perfect tool for cybercrimes in the past.

Hackers are boldly spreading malicious code not only to hunt for bitcoins but to directly attack Internet sites. Such attacks are likely to continue.

The Korea Internet & Security Agency

According to the KISA report, 5,366 ransomware attacks were recorded in South Korea from January to September 2017. One of the main reasons behind this attack is considered to be the ongoing struggle between North and South Korea.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   82

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.