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Defense contractor CPI knocked offline by ransomware attack

A major electronics manufacturer for defense and communications markets was knocked offline after a ransomware attack, TechCrunch has learned. A source with knowledge of the incident told TechCrunch that the defense contractor paid a ransom of about $500,000 shortly after the incident in mid-January, but that the company was not yet fully operational. California-based Communications […]

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South Korea passes one of the world’s first comprehensive cryptocurrency laws

The South Korean National Assembly passed new legislation today that will provide a framework for the regulation and legalization of cryptocurrencies and crypto exchanges. In a unanimous vote during a special session of the legislature convened amidst the country’s worsening novel coronavirus situation, the representatives passed an amendment to the country’s financial services laws that […]

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Elizabeth Warren, big tech’s sworn foe, drops out of 2020 race

After a campaign characterized by early stratospheric highs and devastating recent lows, Massachusetts senator Elizabeth Warren will drop out of the 2020 Democratic race. Warren vaulted to the top of the contest in mid-2019, building early excitement by rolling out thoughtful plans for myriad campaign issues, including an aggressive proposal to regulate big technology companies. […]

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