UK to ban public sector from making ransomware payments
The UK will prohibit its public sector, such as its health service and local councils, from paying ransomware in a bid to “smash the cyber criminal business model.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The UK will prohibit its public sector, such as its health service and local councils, from paying ransomware in a bid to “smash the cyber criminal business model.”
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
KB Kookmin Bank plans blockchain cross-border payments service next month
KB Kookmin Bank's blockchain service could revolutionize cross-border payments, enhancing efficiency, reducing costs, and minimizi...
EU expands HTX crackdown as Russia-linked crypto network keeps shifting its financial rails
The European Union has sanctioned HTX, widening a Russia crackdown that has already affected counterparties beyond the exchange. T...
CLARITY Act splits Wall Street and crypto as Goldman Sachs breaks with banks and Charles Hoskinson backs Warren
The revised CLARITY Act is exposing unusual divisions across Wall Street, Washington and the crypto industry as lawmakers struggle...
The Velocity of Value: How Blockchain is Reshaping Micro-Payments
Blockchain has opened up payment models that were awkward and/or uneconomic under older rails. This is especially true for digital...
Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt
KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a...
Bitcoin is about to give miners a 16% lifeline, but $19 billion in AI deals is luring them away anyway
Bitcoin could lower mining difficulty by roughly 16% when its next adjustment arrives around July 26, handing the machines that re...