A Russian man accused of operating a network of infected computers used by cyber criminals has been extradited to the United States from Spain and will make an initial court appearance on Friday, the U.S. Department of Justice said. U.S. prosecutors said Peter Levashov, 37, ran the Kelihos botnet, a network of more than 100,000 infected devices used by cyber criminals to distribute viruses, ransomware, phishing emails and other spam attacks.
Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, amid worries about a regulatory clampdown globally. This week’s slump brought the total market value of cryptocurrencies down to around $400 billion, half the high it reached in January, according to industry tracker Coinmarketcap.com. The market value of cryptocurrencies is calculated by multiplying the number of digital coins in existence by their price, although many question whether that is the right way to value them.
The US military wants to revamp its nuclear arsenal and develop new low-yield atomic weapons, largely in response to Russian actions in recent years, the Pentagon said in a policy statement released Friday. The so-called Nuclear Posture Review outlines the Pentagon’s nuclear ambitions under President Donald Trump and is the first time since 2010 that the military has spelled out how it foresees nuclear threats in the coming decades. “The strategy develops capabilities aimed at making use of nuclear weapons less likely,” Trump said in a statement.
By Michelle Nichols UNITED NATIONS (Reuters) – North Korea violated United Nations sanctions to earn nearly $200 million in 2017 from banned commodity exports, according to a confidential report by independent U.N. monitors, which also accused Pyongyang of supplying weapons to Syria and Myanmar. The report to a U.N. Security Council sanctions committee, seen by Reuters on Friday, said North Korea had shipped coal to ports, including in Russia, China, South Korea, Malaysia and Vietnam, mainly using false paperwork that showed countries such as Russia and China as the coal origin, instead of North Korea.
By Jonathan Stempel NEW YORK (Reuters) – A judge has dismissed a lawsuit by a federal credit union in Manhattan that sought to block U.S. President Donald Trump from installing Mick Mulvaney as acting director of the U.S. Consumer Financial Protection Bureau. In a decision made public on Friday, U.S. District Judge Paul Gardephe in Manhattan said the Lower East Side People’s Federal Credit Union lacked legal authority to sue, rejecting what he called the plaintiff’s “fear-based theory of standing.” Gardephe said the credit union failed to show that any actual or expected policy changes under Mulvaney, who is also White House budget chief, would undermine its ability to fulfill its mission of improving the health of underserved communities.