War: Bitcoin Cash Startup Launches Mining Pool to Attack Altcoins & BCH Forks

A prominent bitcoin cash startup has launched a mining pool designed to attack altcoins and BCH forks that it does not believe fulfill Satoshi Nakamoto’s original vision for the cryptocurrency. SharkPool: Supporting Bitcoin Cash by Attacking other Networks Dubbed “SharkPool,” the service aims to conduct a two-pronged attack on other cryptocurrency networks, exclusively mining empty The post War: Bitcoin Cash Startup Launches Mining Pool to Attack Altcoins & BCH Forks appeared first on CCN

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Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency

Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates, The post Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency appeared first on CCN

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Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, The post Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid appeared first on CCN

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New York Firm Gives Aging Hydroelectric Dam New Life as Bitcoin Mining Farm

DPW Holdings Inc. will use power generated by the Valatie Falls, New York hydroelectric dam for a bitcoin mining farm that is expected to become operational in the fourth quarter. Valatie Falls Hydro LLC bought the 1-megawatt dam in March 2018 using debt financing from Digital Power Lending, a DPW subsidiary. DPW’s Super Crypto Mining The post New York Firm Gives Aging Hydroelectric Dam New Life as Bitcoin Mining Farm appeared first on CCN

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Cybercriminals Are Moving from Ransomware to Cryptojacking: Kaspersky Lab

According to a report published by Kaspersky Lab, a global cybersecurity company, there has been a significant shift from ransomware-related attacks to crypto-mining malware. The report claims that this type of attack — known as cryptojacking — has become a more profitable prospect for hackers and is the reason for the decline in ransomware attacks. … Continued The post Cybercriminals Are Moving from Ransomware to Cryptojacking: Kaspersky Lab appeared first on CCN

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47% of South Africans Plan to Invest in Cryptocurrencies

South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the world. The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South The post 47% of South Africans Plan to Invest in Cryptocurrencies appeared first on CCN

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‘Big Bitcoin Heist’ Suspect Regrets Fleeing Iceland after Jailbreak

Sindri Thor Stefansson, a 31-year-old man who escaped from prison in Iceland and was rearrested two weeks ago in the Netherlands, has expressed regret for the jailbreak and his decision to flee the country, where he was a suspect in a crime dubbed the Big Bitcoin Heist. Stefansson confessed his feelings about the jailbreak during The post ‘Big Bitcoin Heist’ Suspect Regrets Fleeing Iceland after Jailbreak appeared first on CCN

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