Mining

The National Bank of Kazakhstan has prepared amendments to the legislation aimed at tightening regulation of bitcoin and altcoins in the country. In particular, the institution intends to prohibit the purchase and sale of virtual coins for fiat currency on cryptocurrency exchanges, as well as any kind of mining.

Georgian cryptocurrency mining company Ambit Mining has just announced plans to further expand its top notch infrastructure with a crowdfunding campaign to be launched next month, starting with a pre-sale event on April 10th, 2018.

Intending to use the global interest in digital currency to benefit the country’s budget, Belarus has officially presented information containing cryptocurrency accounting standards, as the recent document issued by the Ministry of Finance states. The document has outlined the ways of categorizing virtual coins that are obtained from organizations.

The fintech statistics show that cryptocurrency mining, though a hit on the financial markets, has started to evolve many concerns. Microsoft has recently published research presenting the fact that cryptocurrency mining has become the top instrument for malware attacks, in particular after the rapid increase of Bitcoin price experienced in 2017.

The Australian Federal Police (AFP) has placed two workers of the Bureau of Meteorology under investigation for illegal usage of the institution’s super-powerful equipment for mining different cryptocurrencies. There have been no charges yet but the investigation is ongoing.

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The government institutions or affiliated structures of Egypt broke the Internet connection of the country’s citizens using the "AdHose" program, which redirects traffic to Monero mining or shows extra advertisements. This information was published in a report by the explorers of the University of Toronto on Friday.

First Crypto ETF, the world’s first exchange-traded fund for cryptocurrencies, will establish a Dash masternode and distribute the rewards earned through the masternode to First Crypto ETF token holders.

One of the biggest thefts ever recently happened on the Icelandic cryptocurrency market. 600 powerful computers that mined Bitcoins and some other digital currencies were stolen. 11 suspects have been arrested so far in connection with this nefarious incident.