In its 2020 survey, Acronis revealed the growing concerns of cryptojacking and ransomware among IT experts. Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking. According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT…
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While a 29% drop in Bitcoin’s hash rate might be due to the miners’ capitulation, analysts point to other factors that could have had a bigger impact. The Bitcoin (BTC) network hash rate took a steep dive on March 26, dropping by a whopping 15.95%, which is a 45% sink from its peak highs of…
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The Canadian firm HIVE has doubled its global mining capacity by acquiring a 30 M/W Bitcoin mining facility in Quebec. HIVE Blockchain Technologies, a Canadian publicly-traded ether (ETH) mining firm, has announced on March 30 the acquisition of a dedicated cryptocurrency mining operation with access to 30 megawatts of low-cost green power. The transaction was…
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Riot Blockchain has included COVID-19 in 18 pages of risk factors to the business listed in its annual Form 10-K report to the SEC. Nasdaq-listed cryptocurrency mining firm, Riot Blockchain, filed its Form 10-K annual report to the United States Securities and Exchange Commission (SEC), March 25. Among a long list of other potential risk…
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Russian police seized a bitcoin mining farm for the alleged theft of $200,000 in monthly electricity costs. Russian police have caught bitcoin miners who were stealing $200,000 worth of electricity each month in their efforts to mine cryptocurrency. According to a statement released by the Russian Interior Ministry, a Saint Petersburg suspect has been arrested,…
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Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving. Although the cryptocurrency markets have slightly recovered following massive sell-offs in mid-March, Bitcoin’s (BTC) faltering price has led to notable miner instability and closures. Soon after Bitcoin dropped below the $4,000 threshold on March 13, DPW Holdings,…
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Microsoft files crypto-based patent which would enable individuals to mine crypto using body activity data. Tech giant, Microsoft, is looking to develop a cryptocurrency system which enables individuals to mine cryptocurrency using their body activity data, eliminating the need for specialized mining machines. Microsoft published a patent dubbed “Cryptocurrency system using body activity data” on…
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Bitcoin mining’s difficulty will decrease tomorrow, and it may be an ominous sign for the coin’s price. On March 25, Bitcoin (BTC) mining difficulty will decrease. The last time a downward adjustment took place, Bitcoin price plummeted more than 50% percent. Bitcoin difficulty Bitcoin’s difficulty is designed to adjust every 2016 blocks — or approximately…
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The alleged operators of the $722 million BitClub Network Ponzi scheme have requested their release from a New Jersey jail amid concerns over the coronavirus. Two alleged crypto Ponzi scheme operators have requested that a New Jersey federal court grant their release from jail over concerns that the facility will soon host a COVID-19 outbreak.…
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Holding funds to receive rewards while contributing to the operations of a blockchain might be the answer to today’s mining problems. For a tech that was supposed to be democratic and distributed in order to free financial systems from the grip of government-influenced banks and return control of the money supply to the people, cryptocurrencies…
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