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 …

47% of South Africans Plan to Invest in Cryptocurrencies

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the …

Those 600 Missing Iceland Bitcoin Miners Could Be in China

Join our community of 10 000 traders on Hacked.com for just $39 per month. With an inquiry to police in China, Icelandic authorities are checking to see if the 600 missing bitcoin miners from Iceland’s ‘Big Bitcoin Heist’ have surfaced in Asia. According to a report by the Icelandic National Broadcasting Service (RUV), the country’s …

‘Big Bitcoin Heist’ Suspect Regrets Fleeing Iceland after Jailbreak

Join our community of 10 000 traders on Hacked.com for just $39 per month. Sindri Thor Stefansson, a 31-year-old man who escaped from prison in Iceland and was rearrested two weeks ago in the Netherlands, has expressed regret for the jailbreak and his decision to flee the country, where he was a suspect in a …