The US government is boosting its cybersecurity efforts by targeting 280 cryptocurrency accounts linked to North Korea hackers. According to the Reuters report, the U.S. authorities are making efforts to seize crypto accounts believed to have been used by North Korean hackers to steal millions of dollars worth of cryptocurrencies from two virtual exchanges. This […]
Huge Bitcoin Hash Rate In China In Jeopardy After Local Authorities Increase Electricity Tariffs For Mining By 33%
Bitcoin miners in Inner Mongolia can no longer enjoy subsidized electricity rates for their crypto-mining operations, according to chinese news outlet Weixin. The authorities insist that mining companies have not directly benefited the wider Mongolian regions and local government. And now a large number of Chinese miners operating within the border of Inner Mongolia, electricity […]
Trend Picks Up Pace After Snappa And Tahinis Firms Switch To Bitcoin Investment As Reserve Assets
Two Canadian business firms, Snappa and Tahinis, have recently joined the growing number of business firms investing in Bitcoin as a reserve asset. In a blog published on 24 August 2020, Christopher Gimmer, CEO and founder of Snappa, revealed that the company had allocated a considerable amount of money from its cash reserves to purchase […]
Deputy Prime Minister of Japan Tips Blockchain Technology As A Possible Solution In Combating Rampant Covid-19 Pandemic
Deputy Prime Minister of Japan Taro Aso has come forward and tipped Blockchain technology as a vital tool in global efforts to counter the raging COVID-19 pandemic. Aso, who also serves as the finance minister of the country, talked about this during the Blockchain Global Governance Conference held in Tokyo, the nation’s capital, on 24 […]
U.K. Financial Watchdog Registers Gemini Crypto Exchange Firm
The U.K. financial watchdog has given the green light to U.S. crypto exchange firm Gemini to run its operations in the United Kingdom. The cryptocurrency exchange founded by the Winklevoss twins has registered its U.K. branch with the Financial Conduct Authority. The Financial Watchdog rolled out mandatory risk assessments for exchanges in January this year […]
Former Top Central Bank Official Tips Cryptocurrencies To Co-exist With Upcoming State-Owned Digital Currencies
Former Governor of the Reserve Bank of India, Raghuram Rajan, sees the future of Bitcoin and Libra cryptos long after central banks around the world start issuing their own digital currencies. In a formal statement to CNBC on 19 August 2020, the vocal economist speculates that Bitcoin will work side by side with Central Banks digital […]
Crypto Bull John McAfee Leaves the Ghost, the Privacy Centric Crypto Project.
Cybersecurity veteran and cryptocurrency advocate John McAfee has revealed through Twitter that he will not be affiliated with the privacy Ghost Token project that he launched in April. According to him, the ineptitude of the management team forced him to abandon the project. https://twitter.com/officialmcafee/status/1296172479308869635 John McAfee leaves Ghost token project McAfee’s move to abandon the […]
DoJ Arrested Five People for Allegedly Running a $20 Million Crypto Mining Scam
According to a statement by the United States Department of Justice (DoJ) on August 18, five individuals were detained in connection with a crypto mining scam that ended up defrauding investors to the tune of $20 million. The suspects allegedly urged investors to invest in their cryptocurrency trading and mining firm, AirBit Club, which in […]
Two Bulgarian Bitcoin Miners Charged For Siphoning $1.5 Million Worth Of Electricity In Illegal Bitcoin Mining Operations
Two Bulgarian nationals were charged for siphoning electricity worth $ 1.5 million which was used in illegal Bitcoin mining operations. Sofia ‘s two suspects aged 31 and 38 are said to have based their operations in Kyustendil, a small town. They had been caught illegally channeling power to their crypto-mining farms. Authorities suspect the two […]
Alabama and Texas Bans South African Firms After Crypto Credit Card Scam
Securities watchdogs in both Alabama and Texas issued a cease and desist order following a crypto credit card scam promoted by South African firms. Accordance to a joint order issued by both the Texas State Securities Board (TSSB) and the Alabama Securities Commission (ASC), companies such as the South African Liquidity Gold Trust, Liquidity Gold Solution and […]