Attacker Installs Crypto Mining Malware on Over 170,000 Devices

Attacker Installs Crypto Mining Malware on Over 170,000 Devices More than 170,000 devices in Brazil were targeted in a cryptojacking attack last month. According to a blog post published by security firm Trustwave, a wide-scale cyberattack was launched on MicroTik routers late last month. The effort led to the installation of the Coinhive mining software in a “mass” infection of…

WinMiner is Bringing Mining to the Masses with a One-Click Solution that Makes You Money Even When You Walk Away

WinMiner is Bringing Mining to the Masses with a One-Click Solution that Makes You Money Even When You Walk Away WinMiner is announcing the official launch of its platform with over 160,000 registered users, returning mining to the decentralized ethos blockchain was founded on. With WinMiner, users can earn iTunes and Amazon gift cards, cryptocurrency,…

Sony Patent Filings Hint at Work on Crypto Mining Hardware

Sony Patent Filings Hint at Work on Crypto Mining Hardware Japanese technology giant Sony wants to patent two hardware approaches for hosting and maintaining blockchains, newly published documents show. Sony’s two filings are entitled “Electronic Node and Method for Maintaining a Distributed Ledger” and “Device and System,” revealing for the first time that the company…

Washington Utility Stops Accepting Applications for Crypto Mining

Washington Utility Stops Accepting Applications for Crypto Mining A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical…

Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report

Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report Jihan Wu, the co-CEO of crypto mining hardware giant Bitmain, is reportedly planning to conduct an overseas initial private offering (IPO), Fortune’s crypto-focused section The Ledger reports July 30. Bloomberg had reported in June that Wu was “open” to holding an IPO in a market with U.S. dollar denominated shares…

Vietnam: Crypto Mining Firm CEO Allegedly Flees With $35 Mln in Investor, Company Funds

Vietnam: Crypto Mining Firm CEO Allegedly Flees With $35 Mln in Investor, Company Funds The CEO of Vietnamese cryptocurrency mining firm Sky Mining has reportedly disappeared with investor and company funds worth an alleged $35 million, local media outlet VNExpress reported July 29. According to VNExpress, Sky Mining CEO Le Minh Tam disappeared a week ago, appearing to organize a cleanout…

Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion

Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion Canada-based DMG Blockchain Solutions has launched the installation of an 85-megawatt substation for crypto mining expansion, according to an official statement July 26. The DMG crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricityproviders. DMG Blockchain Solutions is a multi-sector…

Ex-Programmer of Russian Payments Firm Qiwi Used Company Equipment to Mine 500K Bitcoins, CEO Claims

Ex-Programmer of Russian Payments Firm Qiwi Used Company Equipment to Mine 500K Bitcoins, CEO Claims The CEO of Russian payment services provider Qiwi Sergey Solonin has claimed that an ex-employee of the company used its payment terminals to mine bitcoinsin 2011. The programmer, who has not been named by Solonin, has managed to mine 500,000 bitcoins, according to a…

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner…

Texas Regulator Issues Cease and Desist Order to a Network of Crypto Companies

Texas Regulator Issues Cease and Desist Order to a Network of Crypto Companies The Texas State Securities Board has taken an emergency action to stop a network of crypto-related companies from illegally offering investments in the state. A token offering and a mining firm are among those targeted by the securities board as selling fraudulent…