American crypto-mining outfit Compass Mining is selling off about $30 million worth of hardware in Siberia after the US government sanctioned rival BitRiver over its Russian operation, Bloomberg …
New York Man Arrested for Alleged $1.8M Crypto Mining Scam
The Federal Bureau of Investigation arrested a 37-year-old man on Wednesday it says defrauded more than a dozen victims out of a total of $1.8 million in a long-running crypto mining scam. Between …
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IMF Warns of Crypto Mining as Possible Dodge on Russia Sanctions
Countries such as Russia and Iran may eventually use cryptocurrency mining to evade sanctions, the International Monetary Fund warned in a report. There’s a risk that sanctioned nations will leverage …
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Intel says its new crypto chip is designed to be energy-efficient
Intel is investing in blockchain technology with a new chip designed to mine cryptocurrency (via Reuters). The company is focusing on sustainability, and plans on “developing the most energy-efficient …
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Intel Announces Bitcoin Mining Initiative, Bonanza Mine Chips Ship This Year
Intel's Raja Koduri penned a blog post that officially announces the company's plans to enter the cryptomining/blockchain market with a roadmap of specialized energy-efficient accelerators. Intel will …
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In Win For Crypto Stakers, IRS Offers Refund on Untraded Token Rewards
A decision to refund a Nashville couple taxes related to unsold Tezos tokens is set to clarify the IRS tax treatment of staked cryptocurrency. In a win for cryptocurrency stakers and miners, the IRS …
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Cryptocurrency expert pleads guilty to helping North Korean government use blockchain to evade sanctions
Virgil Griffiths, a cryptocurrency expert, has pleaded guilty to helping North Korean officials evade sanctions through the use of blockchain technology and cryptocurrency in 2019 in the latest update …
Bug hunter finds cryptocurrency-mining botnet on DOD network
Last month, a security researcher who was searching for bugs as a part of a bounty program discovered a cryptocurrency mining botnet inside a web server operated by the US Department of Defense. The …
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