Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

There is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of …

Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, …

Bitcoin Mining Apps Still Live on Google Play Despite Ban

Google is reportedly hosting cryptocurrency mining applications in Play Store, despite a ban imposed last month. Google’s revised terms of service states that, “We don’t allow apps that mine cryptocurrency on devices.” However, the search engine giant mentioned last month that apps that remotely manage cryptocurrency mining are permitted. Despite the ban, few digital currency mining …

Rogue Qiwi Employee Mined 500,000 Bitcoins [Then Lost Them All]

Qiwi, a large Russian payments company, has played a pioneering role in blockchain development in that country, largely driven by its CEO and major shareholder, Sergey Solonin. The reason for Solonin’s interest in cryptocurrency recently came to light during a lecture he gave at the Moscow School of Communications, according to Rubase. In 2011, Solonin …

Chinese Authorities to Shut Down ‘illegal’ Bitcoin Mining in Autonomous Region

Xinjiang Uyghur, an autonomous region in northwest China, has warned local Bitcoin mining enterprises to close their operations before August 30, 2018. Chinese news outlet Jinse published the notice posted by the Xinjiang Economic and Information Commission on July 21. These mining companies will also have to report to the commission. As explained in the notice, one of the …

New Presidential Decree Will Hasten Cryptocurrency Legalization in Uzbekistan

A new decree signed by the President of Uzbekistan will encourage the integration and development of cryptocurrency and blockchain technology in the country. On July 3, Uzbekistan president Shavkat Mirziyoyev signed a decree to advance efforts toward building a digital economy that embraces blockchain technology and the mining, trading, issuance and adoption of cryptocurrencies. The …

Cybercriminals Are Moving from Ransomware to Cryptojacking: Kaspersky Lab

According to a report published by Kaspersky Lab, a global cybersecurity company, there has been a significant shift from ransomware-related attacks to crypto-mining malware. The report claims that this type of attack — known as cryptojacking — has become a more profitable prospect for hackers and is the reason for the decline in ransomware attacks. …

Second Bitcoin Mining Manufacturer Plots Hong Kong IPO

China-based bitcoin mining hardware manufacturer Ebang Communication has filed to go public on the Hong Kong Stock Exchange (HKEX). The company, the third-largest producer of application-specific integrated circuit (ASIC) chips for bitcoin mining, on Monday filed an application to hold its initial public offering (IPO) on HKEX. The news was first reported by regional industry …

‘Netflix of Cryptocurrency Mining’ to Hold IPO on London Stock Exchange

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! A cryptocurrency mining startup is reportedly making a foray into becoming the first industry firm to be listed on the London Stock Exchange. Argo Blockchain, a mining-as-a-service provider, just announced it intends to sell shares of its common stock …

Monero Mining Malware Hits Apple Macs

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. A new Mac-based cryptojacking attack was reported this past week on Apple’s forums, forcing users to unwittingly run software that mines privacy coin monero. According to a Malwarebytes Labs blog post, the software was discovered when a user noticed that a process …