Mining

After announcing an official ban on cryptocurrency use in 2014, the Kyrgyz Republic seems to be reconsidering its legal frameworks around crypto trading and mining.

If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.

A new law to institutionalize Bitcoin (BTC) and cryptocurrency mining will be dealt with in the House of Representatives of Kazakhstan.

On May 20, an anonymous user moved 50 Bitcoins from a wallet that remained idle since February 2009. The community was in turmoil, while the BTC price dipped instantly. Was that Satoshi Nakamoto?

A hacker identified as Sanix is reported to have been arrested and detained by Ukrainian law enforcement over the sale of a database that contained at least 773 million email addresses and 21 million unique passwords.

Iran, a country badly hit by US economic sanctions, now looks to crypto and blockchain technology investments as an alternative. Namely, it creates really favourable conditions to boost its cryptocurrency mining industry and attract companies from all over the world.

On May 3, a group of hackers breached popular blogging platform Ghost to mine cryptocurrency on its underlying infrastructure, Salt. This case adds up to a number of other crypto attacks, which became increasingly proliferated since the beginning of global pandemics.

The Ukrainian Ministry of Energy offered the Energoatom energy generating company to explore the possibility of cryptocurrency mining using the potential of nuclear power plants.

Some well-known industry players, such as Google and Apple, have to take up extra measures to shield cryptocurrency users from scams during pandemics. Their efforts will now be directed at blocking malicious advertisements on the internet as well as protecting mail users from phishing emails.