Co-founder of Riot Games Marc Merrill had his identity stolen by a Singaporian national who used Merrill’s personal information to illegally access $5 million worth of computing power. The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for…
Read more
Kadena launched its mainnet alongside its Kadena token wallet, and is planning its third token sale for Nov. 5–Nov. 22. The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale. Kadena mainnet launch unlocks mining Kadena coins According to an…
Read more
What are the causes and dangers of centralization in mining, and how can geographical centralization affect the crypto space? The larger percentage of cryptocurrency enthusiasts that turn to mining pools, all the more dangerous this kind of mining is likely to become. The reason is simple: The potential rewards grow in correspondence with the number…
Read more
The WEF has teamed up with seven major metals and mining firms to develop responsible sourcing and sustainability practices using blockchain. Last week, the World Economic Forum teamed up with seven major mining and metals firms to develop responsible sourcing and sustainability practices using blockchain. Specifically, the “Mining and Metals Blockchain Initiative” will include building…
Read more
A veteran Chinese regulator urges those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. A veteran Chinese regulator has told those tasked with steering the strategic development of Sichuan province to tap surplus hydropower for the blockchain industry. Jiang Yang — former vice-chairman of the China…
Read more
China-based mining titan Bitmain Technologies has discreetly filed an application for an Initial Public Offering with the United States Securities and Exchange Commission. China-based mining titan Bitmain Technologies has discreetly filed an application for an Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC). According to an Oct. 29 report from…
Read more
Russian nuclear scientist jailed for using a national research facility’s supercomputer to mine Bitcoin. A Russian scientist and former employee at the nation’s premier nuclear research facility was jailed on Oct. 24, for his part in a scheme to secretly mine Bitcoin using the facility’s supercomputers. Stealing energy and computing power from your employer According…
Read more
A Redditor spotted a Bitcoin Cash miner that apparently now controls more than 50% of its hash rate and asks to de-list BCH. An unknown Bitcoin Cash (BCH) miner was apparently in control of more than 50% of the token’s hash rate for 24 hours. The miner seemed to mine 73 blocks from 10 am…
Read more
The country that tried to ban Bitcoin in 2013 is now home to some of the world’s most permissive ICO regulations. After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has…
Read more
BlackBerry Cylance researchers discover malicious code in WAV audio files that hackers use to mine cryptocurrencies. Threat researchers have discovered malicious code in WAV audio files, code that hackers use to mine cryptocurrencies. Hackers earn thousand of dollars per month On Oct. 16, researchers at BlackBerry Cylance, a software company that develops anti-virus programs, reported…
Read more
