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
Cryptocurrency remains one of the most exciting and profitable ways of investing money. In 2024, more and more people think about how to get rich with the crypto market, from long positions to passive income creation. Whether you’re a professional trader or just a beginner willing to enter this promising
The US presidential candidate Donald Trump has turned his focus on crypto mining according to sources on Wednesday. The former US president in a recent meeting has promised to advocate mining of the leading crypto asset. He has outlined Bitcoin mining as the final source of defense against CBDC. Trump
BluestoneMining is pioneering a transformative approach to the digital asset industry, democratizing the cryptocurrency mining space by introducing revolutionary cloud mining solutions. This groundbreaking development aims to make the process of mining digital currencies accessible to a wider audience by simplifying and removing human involvement. Founded in 2016, BluestoneMining is
