Crypto-Mining

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents

<div class=”featured_image_container”> </div> <strong>The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation.</strong> Rigs …

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Cryptojacking Activity Decreased for the First Time Since 2018, Says Intelligence Report

<div class=”featured_image_container”> </div> <strong>Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results.</strong> Report Focused on Cryptojacking Incidents With Monero According to Unit 42 in their “Cloud Thread Report,” cryptojacking attacks …

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Hackers Target Github Server Infrastructure to Mine Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly.</strong> Attacks Exploit ‘Github Actions’ According to The Record, a Dutch security engineer, Justin Perdok, …

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Abkhazia Plans to Criminalize Crypto Mining as Energy Crisis Deepens— Extends Temporary Ban

<div class=”featured_image_container”> </div> <strong>Crypto mining in Abkhazia is still a hot potato for the de facto state government, which is now determined to criminalize such activities. Continuous massive power disruptions, in parallel, are fueling the anger of the people towards crypto miners.</strong> Public Officials to Face Bigger Penalties According to a report published by E …

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South Korean Officials Notice a Sudden Rise in Crypto Mining Rigs Imports- Over 41 Shipments Intercepted in 3 Months

<div class=”featured_image_container”> </div> <strong>Crypto adoption is a hot topic in South Korea, and recent figures have been proving it. However, crypto mining activity is also starting to gather interest across the country, per the latest reports from local media outlets.</strong> A Single Rig Should Worth $150 ‘or Less’ to Be Considered for Personal Use According …

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AMD Could Release Its Own Crypto GPU to Mine Ethereum to Calm Down the Skirmish Between Miners and Gamers

<div class=”featured_image_container”> </div> <strong>A U.S. multinational semiconductor company could be preparing the ground to release its own series of cryptocurrency mining processors. AMD is reportedly looking to introduce a GPU for mining Ethereum.</strong> AMD Navi 12 Won’t Have Video Outputs According to PC Gamer, the AMD Navi 12, a graphic processing unit (GPU) first introduced …

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Argentinean Startup Accelerator Launches Crypto Mining Farm in Mar Del Plata

<div class=”featured_image_container”> </div> <strong>The Technological District of Mar del Plata, Argentina, will host a massive crypto mining operation backed by a domestic startup accelerator. Lothal Mining is the company that will run the operations of the mining firm in the Argentinean city.</strong> Firm Will Mine Ethereum During the First Stage Per local newspaper La Capital, …

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Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud

<div class=”featured_image_container”> </div> <strong>A major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week.</strong> A District Court Rejected to Launch a Criminal Case Against the Firm in …

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South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic

<div class=”featured_image_container”> </div> <strong>The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining.</strong> A PC Bang Owner Made …

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Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO

<div class=”featured_image_container”> </div> <strong>While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States.</strong> Report: Sources Say Northern …

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