Monthly Archives: October 2021

What’s happening? At the Texas Blockchain Summit, U.S. Senator Ted Cruz linked natural gas flares with a potential energy source for bitcoin mining. Why is this important? From the words of U.S. Senator Cruz: “The beauty of Bitcoin mining is that if you can connect to the internet, you can use that energy and derive […]

What’s happening? A survey released this week by Price Waterhouse and Cooper says that 69% predict a rise in cyber spending in 2022. More than 25% say cyber spending will be more than double digit growth. Why is this important? Last year’s study showed only 55% thought there would be a rise in cyber spending. […]

What is happening? U.S. House and Senate members are advocating for standalone cybersecurity committees to “address mounting threats and streamline an increasingly bogged down process to approve legislation. “ Why is this important? As Congress does, so will your states. How will this be important? Increase focus on cybersecurity addresses notice requirements for businesses, blockchain, cryptocurrency […]

What is happening? The Department of Justice has created the National Cryptocurrency Enforcement Team that will investigate cryptocurrency through the lens of cyber crimes and money laundering. Why is this important? The announcement also included ties to ransomware as ransoms are usually in cryptocurrency. How will this be important? Look to this enforcement hierarchy to […]

What’s happening? Pac-Sun will be the 1st major retailer to accept cryptocurrency at its retail establishments. Why is this important? PacSun will utilize blockchain payment provider, BitPay.  How will this be important? The primary consumer for Sunpac is GenZ. The retailers decision making is driven by it’s GenZ customer base. 54% of current or former crypto owners […]

What’s happening? S2666 (1117th Congress) would require businesses with more than 50 employees to notify Cybersecurity and Infrastructure Security Agency that a ransom had been paid within 24 hours. A business’ failure to comply could hinder federal contracts. Why is this important? Its a blue print for state legislation How will this be important? This […]

What’s happening? Miami has partnered with CityCoin to accept MiamiCoin for tax purposes and other city purposes. The mining and exchange generates revenue for Miami. Why is this important? Annually the program is expected to generate $60 M and the mayor believes it will turn Miami into an innovation hub as the first city to […]

What’s happening? Miami adopted Miamicoin, a cryptocurrency that can pay city employees, and be accepted for city taxes.  Miami is partnering with CityCoins, a nonprofit and opensource protocol that allows people to hold and trade cryptocurrency representing a stake in a municipality. Why is this important? In a week that saw China ban all cryptocurrency, […]

What’s happening? Hong Kong passed a doxxing law that prohibits the public release of information identifying an individual or organization Why is this important? The legislation is a reaction to the 2019 mass pro-democracy protests that resulted in some law enforcement officers’ home addresses and children’s schools being exposed by anti-government protesters, leading to threats. […]