Polish Bitcoin Adoption Escalating with Strong Ecosystem

All of this goes to show the financial sector remains insecure despite all of the recently issued warnings. Criminals often use malware to attack financial institutions around the world. In most cases, these efforts are more than successful, creating a strain on the financial ecosystem. Things are getting out of hand in Poland, though, as the financial regulator allegedly infected various banks with malware. A rather disturbing development seemingly orchestrated by foreign hackers. It is not often a financial regulator infects banks with malware. It appears the Polish financial regulator....

Earlier this week, the Polish government opened up the floor to bitcoin and blockchain issues, with an open meeting organized by a member of parliament that saw participation from the Polish Bitcoin Society. In a first of its kind meeting this Monday, October 3rd, an open televised session organized by economist and member of parliament Mirosław Suchoń saw a discussion and lectures that saw bitcoin and blockchain under the spotlight. The state of legislative regulation concerning companies in the bitcoin ecosystem in the country was among the main concerns bought forward by industry....

Shares of the Polish company inPay S. A. are available for purchase in public offering using the digital currency Bitcoin. The sale has launched on the Polish equity crowdfunding site Beesfund.com. With the public offer of the company's shares, the inPay team want to acquire financing for the quick development of the InPay system in Poland and Europe. InPay S. A. is selling 5,000 company shares, i.e. 5% of the total share capital, priced at 40 PLN each (about US $13). Arkadiusz Regiec, president of Beesfund S. A., said: "For crowdfunding platforms like Beesfund, Bitcoin seems to be the....

Palo Alto Networks has discovered a unique malware family that can mine bitcoins via the victim’s CPUs and GPUs. The malware, called PWOBot, is completely written in Python and compiled via PyInstaller, generating a Microsoft Windows executable, according to a Palo Alto Networks posting. The malware has affected European organizations, mainly in Poland. A Polish file-sharing service delivers the malware. The malware can download and execute files, log keystrokes, execute Python code and mine bitcoins via the affected computers’ GPUs and CPUs. The malware has been noticed as far back as....

According to the latest report, the lower house of Poland’s parliament has failed to overturn the President’s veto of the Crypto-Asset Market Act. Earlier this week, the Polish President, Karol Nawrocki, vetoed a bill aimed at setting strict rules in the country’s digital assets market. Why Did The Polish President Veto The Digital Asset Bill? […]