Cybercriminals are increasingly abusing legitimate administrative software to access corporate networks, making malicious activity harder to detect. Attackers are blending into normal operations by relying on trusted workforce and IT management tools rather than custom malware.
Recent campaigns have repurposed ‘Net Monitor for Employees Professional’ and ‘SimpleHelp’, tools usually used for staff oversight and remote support. Screen viewing, file management, and command features were exploited to control systems without triggering standard security alerts.
Researchers at Huntress identified the activity in early 2026, finding that the tools were used to maintain persistent, hidden access. Analysis showed that attackers were actively preparing compromised systems for follow-on attacks rather than limiting their activity to surveillance.
The access was later linked to attempts to deploy ‘Crazy’ ransomware and steal cryptocurrency, with intruders disguising the software as legitimate Microsoft services. Monitoring agents were often renamed to resemble standard cloud processes, thereby remaining active without attracting attention.
Huntress advised organisations to limit software installation rights, enforce multi-factor authentication, and audit networks for unauthorised management tools. Monitoring for antivirus tampering and suspicious program names remains critical for early detection.
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BlockFills, an institutional digital asset trading and lending firm, has suspended client deposits and withdrawals, citing market volatility as Bitcoin experiences significant declines.
A notice sent to clients last week stated the suspension was intended ‘to further the protection of our clients and the firm.’ The Chicago-based company serves approximately 2,000 institutional clients and provides crypto-backed lending to miners and hedge funds.
Clients were informed they could continue trading under certain restrictions, though positions requiring additional margin could be closed.
The suspension comes as Bitcoin fell below $65,000 last week, down roughly 25% in 2026 and approximately 45% from its October peak near $120,000. In the digital asset industry, withdrawal halts are often interpreted as warning signs of potential liquidity constraints.
Several crypto firms, including FTX, BlockFi, and Celsius, imposed similar restrictions during prior downturns before entering bankruptcy proceedings.
BlockFills has not specified how long the suspension will last. A company spokesperson said the firm is ‘working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform.’
Founded in 2018 with backing from Susquehanna and CME Group, there is currently no public evidence of insolvency.
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Bison Bank plans to integrate Bison Digital Assets into its core operations, moving closer to becoming Portugal’s first cryptobank. The investment bank plans to support client-led asset tokenisation projects, signalling a wider move into regulated digital finance.
The strategy is backed by the EU’s MiCA framework, which provides legal clarity and regulatory certainty for cryptoasset firms. Regulatory approval under MiCA allows the bank to operate in Portugal while dealing in and investing in cryptoassets on behalf of clients.
Alongside the structural integration, the bank outlined three initiatives: issuing the first stablecoin by a Portuguese bank, advancing tokenised asset offerings, and completing its transition into a cryptobank.
Tokenisation is designed to enable fractional ownership, continuous trading, improved liquidity, and transparent settlement for assets ranging from real estate to bonds.
Although no official launch date has been confirmed, chief executive António Henriques indicated that the new services are expected to become available in the first half of the year, subject to final regulatory and operational steps.
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Efforts to reform US cryptocurrency regulation have hit another delay, as Senate senators pushed back the crucial markup of the CLARITY Act. The vote has been moved to the last week of January to secure bipartisan support.
Disagreements persist over stablecoin rewards, DeFi regulation, and regulatory authority between the SEC and CFTC. Without sufficient support, the bill risks stalling in committee and losing momentum for the year.
The CLARITY Act aims to bring structure to the US digital asset landscape, clarifying which tokens are classed as securities or commodities and expanding the CFTC’s supervisory role. It sets rules for market oversight and asset handling, providing legal clarity beyond the current enforcement-focused system.
The House passed its version in mid-2025, but the Senate has yet to agree on wording acceptable to all stakeholders. Delaying the markup gives Senate leaders time to refine the bill and rebuild support for potential 2026 reform.
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Ghana has formally legalised Bitcoin and cryptocurrency trading after parliament approved the Virtual Asset Service Providers Bill, 2025, closing a long-standing regulatory gap in the country’s digital asset market.
The legislation establishes a licensing and supervisory regime for crypto businesses under the Bank of Ghana. The central bank will oversee the sector, prioritising consumer protection and financial stability, while unlicensed operators may face sanctions or closure.
Under the new framework, individuals can trade crypto legally, while companies must meet reporting and compliance requirements. Officials say the law responds to fraud and money laundering risks while acknowledging the scale of crypto adoption nationwide.
Around 3 million Ghanaians have used cryptocurrency, with transactions totalling roughly $3 billion by June 2024. Licensing rules will be introduced gradually in 2026, as Ghana aligns with a broader African shift toward formal crypto regulation.
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Visa survey data points to a significant shift in holiday shopping behaviour, with AI now embedded in everyday purchasing decisions. Nearly half of US consumers report using AI tools, mainly to discover gift ideas and compare prices more efficiently.
Digital currencies are also moving closer to the mainstream. More than one in four respondents would welcome cryptocurrency as a gift, while interest among Gen Z rises sharply. Expectations surrounding stablecoins are growing, with many consumers anticipating their wider adoption over the next decade.
Gen Z continues to lead adoption of digital-first commerce, favouring biometrics, social media shopping, overseas purchases and crypto payments.
Digital wallets are gaining parity with physical cards among younger shoppers, signalling a shift in payment method preferences.
Despite enthusiasm for new technologies, trust remains a central concern. Consumers still value human customer service and want clearer insight into how AI uses personal data, while concerns about online scams remain widespread during the holiday season.
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The move follows Governor Greg Abbott signing Senate Bill 21, allowing the comptroller’s office to create a public crypto reserve. states, such as New Hampshire and Arizona, have passed similar bills, but Texas is the first to execute an actual purchase.
The ETF acquisition acts as a temporary measure while the state finalises a contract with a cryptocurrency custodian. Comptroller representatives called the purchase a ‘placeholder investment’ while reviewing bids for a permanent custodian.
Lawmakers have allocated $10 million to the reserve, a small portion of Texas’ $338 billion budget, yet supporters argue it marks an important step for the growing crypto industry.
Bitcoin prices have fluctuated significantly this year, peaking above $126,000 in October before dropping to around $85,000 recently. The state’s purchase at roughly $87,000 per bitcoin reflects ongoing market volatility.
Advocates see the investment as forward-looking, citing potential long-term benefits in job creation, tax revenue, and digital asset adoption.
Critics remain sceptical, warning that public crypto investments carry high risk and may favour industry interests over taxpayers. Some economists criticised the move as conflicting with Texas’ conservative fiscal approach and risky government speculation.
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The United Kingdom has introduced a landmark legal change by formally recognising cryptocurrencies and stablecoins as personal property. The Property Act, which secured royal assent this week, establishes a clear statutory framework for digital ownership after years of fragmented court rulings.
Industry bodies hailed the development as a decisive boost for legal certainty. Groups such as Bitcoin Policy UK and CryptoUK stated that the new rules enhance protection, facilitate token recovery, and clarify uncertainty over ownership and inheritance.
Lawmakers followed guidance from the Law Commission, which urged the creation of a dedicated category for digital assets that did not fit traditional definitions of personal property.
Regulators view the shift as part of a broader effort to reinforce Britain’s ambitions as a digital finance hub.
Ministers are reviewing a possible ban on cryptocurrency donations to political parties. They are also assessing reforms to the taxation of decentralised finance, which could prevent users from triggering capital gains when using lending protocols or liquidity pools.
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Bank of America is expanding cryptocurrency access for its wealth management clients, recommending a 1–4% allocation of digital assets across portfolios. The move brings crypto exposure to a broader range of clients, beyond the bank’s previously ultra-wealthy clientele.
Starting January 5, the bank will cover four of the largest Bitcoin ETFs, including Bitwise Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Trust, and BlackRock’s iShares Bitcoin Trust, which collectively manage over $94 billion in assets.
The recommendation aligns with a broader trend among traditional financial institutions encouraging crypto adoption.
Firms such as Morgan Stanley, BlackRock, and Fidelity have issued similar guidance in the past year. Vanguard recently opened its brokerage platform to ETFs and mutual funds that primarily hold cryptocurrencies.
Chris Hyzy, Chief Investment Officer at Bank of America Private Bank, said that a modest allocation of 1–4% in digital assets may suit investors who are comfortable with high volatility and interested in thematic innovation.
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A South Tyneside family has spoken publicly after an elderly man lost almost £3,000 to a highly persuasive cryptocurrency scam, according to a recent BBC report. The scammer contacted the victim repeatedly over several weeks, initially offering help with online banking before shifting to an ‘investment opportunity’.
According to the family, the caller built trust by using personal details, even fabricating a story about ‘free Bitcoin’ awarded to the man years earlier.
Police said the scam fits a growing trend of crypto-related fraud. The victim, under the scammer’s guidance, opened multiple new bank accounts and was eventually directed to transfer nearly £3,000 into a Coinbase-linked crypto wallet.
Attempts by the family to recover the funds were unsuccessful. Coinbase said it advises users to research any investment carefully and provides guidance on recognising scams.
Northumbria Police and national fraud agencies have been alerted. Officers said crypto scams present particular challenges because, unlike traditional banking fraud, the transferred funds are far harder to trace.
Community groups in Sunderland, such as Pallion Action Group, are now running sessions to educate older residents about online threats, noting that rapid changes in technology can make such scams especially daunting for pensioners.
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