Blockchain Archives

ADCG’s Privacy Predictions for 2023 Continued with a Series of Legislative Analyses

February 2, 2023
Editorial Team
Blockchain, Israel, Legislation, Social Media, Weekly Update
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Blockchain Rules Will Emerge On January 9, a group of 28 Blockchain technology companies released an open letter to U.S. legislators requesting they protect citizens’ safety, right to self-determination, freedom of press, and “other rights that compose the core of…

With Crypto Scams on the Rise, Legislators Debate Regulations

December 29, 2021
Michael Reinhardt
Blockchain, Congress, Cryptocurrency, Cybersecurity

Cryptocurrency scams are on the rise, and will become even more prevalent in 2022 according to security firm Lookout. That prediction is supported by data from the U.S. Federal Trade Commission, which found that from October 200 to May 2021, consumers reported losing more than $80 million to cryptocurrency scams—an increase of nearly 12 times…

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Fintech Cybersecurity: A Plan for Innovation with Risk Mitigation

November 18, 2021
Editorial Team
Artificial Intelligence, Banks, Blockchain, Cybercrime, Cybersecurity, Financial Services, FinTech

As the fintech industry rushes ahead to integrate new technologies, it’s leaving the door open for cyber attackers. The financial technology (fintech) industry is evolving at breakneck speed, driven in large part by its rapid adoption of innovative new technologies like artificial intelligence and blockchain-powered assets. By 2026, the current global fintech market is projected…

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Opinion: How the U.S. Government’s Efforts Can Improve Data Privacy and Protection in 2021

November 4, 2021
Shamsh Hadi
Artificial Intelligence, Blockchain, Compliance, Congress, Cybersecurity, Data Governance, Data Privacy, Data Protection, DHS, Digital Identity, Financial Services, Legislation, NIST, Op-Ed, Privacy, US Data Privacy Legislation

This year, cybersecurity incidents, such as data breaches, have led to the proliferation of identity theft and fraud, facilitated by a lack of digital identity verification credentials. Additionally, data privacy legislation has gained momentum at the state level and become a key area of concern for lawmakers and citizens alike. Meanwhile, artificial intelligence and blockchain…

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DOJ Announces National Cryptocurrency Enforcement Team

October 12, 2021
Editorial Team
AML, Blockchain, Cryptocurrency, Cybercrime, Department of Justice, Federal Agencies, Financial Services, Penalties and Enforcement, US Regulatory

On October 6, the Department of Justice (“DOJ”) announced the creation of a National Cryptocurrency Enforcement Team (“NCET”). The DOJ press release is set forth in part below, without further commentary, other than to observe that the NCET’s stated goals are to address issues on which we repeatedly have blogged: crypto exchangers and their AML…

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