Russian authorities in the Republic of Buryatia have exposed an illegal cryptocurrency mining operation that was concealed inside a KamAZ truck and powered by stolen electricity meant for a local village. The discovery took place during a routine inspection of a 10-kilovolt power line in the Pribaikalsky District, according to
Mercurity Fintech Holding (MFH), a New York cryptocurrency and financial services company, said it is raising $800 million to create a Bitcoin treasury and construct a blockchain-based financial ecosystem. The effort is part of a larger push by the company to become a top player in the new digital financial
Malaysia’s been hit hard with RM3.4 billion gone, which comes out to around USD 723 million, all because of power being stolen for illegal crypto mining. That’s Ringgit Malaysia, the country’s own currency, just draining away while rogue miners run their setups off the grid and don’t pay a single
Ukrainian authorities have arrested a 35-year-old man from the Poltava region for allegedly hacking into thousands of hosting accounts and using the stolen access to mine cryptocurrency, resulting in more than $4.4 million in damages. The suspect is accused of running an elaborate cryptojacking operation that compromised servers from a
Nebraska is poised to join the growing list of U.S. states taking a firmer stance on crypto mining. On Tuesday, legislators voted unanimously to pass LB 526, legislation directed at curbing massive-scale cryptocurrency mining operations with high power consumption. The bill sailed through its last legislative hurdle with a 49-0
A state in the United States, Vilonia, Arkansas, has collectively rejected a proposal to set up a crypto mining facility within the city after receiving strong opposition from local residents. The local media reports mention that the decision came after some weeks of deliberation, in which citizens raised their voices
Belarus President Alexander Lukashenko has directed his government to assess the possibility of large-scale cryptocurrency mining using the country’s excess electricity. The Belarusian president’s comments come amid reports that the United States, under President Donald Trump, is considering a strategic national reserve for Bitcoin and other cryptocurrencies. “If it is
The Arkansas Senate Committee rejected a bill that is set out to ban crypto mining businesses near military zones in the state. It prohibits all the crypto mining business within a 30 mile radius from these facilities. With 6 votes out of 7 opposing the bill terms, the Senate Committee
Russia’s state-owned energy giant, Rosseti is spearheading an ambitious initiative to enter the Bitcoin mining sector. The company plans to maximize “underutilized power facilities” to power cryptocurrency mining operations, to improve grid efficiency and as a revenue stream. “The Rossetti Group is the largest grid company in Russia. We can
OKX crypto exchange announced the launch of Animecoin mining on the OKX Jumpstart platform. With the aim of offering access to high-quality blockchain projects investment, OKX Jumpstart announced Animecoin as its next crypto project. Unlike other cryptocurrencies and memecoins, Animecoin was created as a gratitude token for people who brought
