Thai authorities raid illegal Bitcoin mine behind local power outages
Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs
Related Posts
IBM Partnership Uses Blockchain, IoT to Combat Drought in California
A collaborative IBM project using blockchain and the Internet of Things (IoT) to tackle drought is underway in the United States state of California, according to a press release published Feb. 8.IBM Research and sensor tech provider SweetSense have reportedly partnered with non-profit organization The Freshwater Trust (TFT) and the University of Colorado Boulder to…
Bitcoin’s Price Crashes $1,500 in 24 Hours, is $7,500 Next?
Tuesday Sept. 24 — Bitcoin's price has retraced rapidly from $9,800 to $8,150 in less than a day for the first time in months.Bitcoin 24-hour price chart. Source: Coin360Bitcoin prices crashed hard — dropping almost $800 in a few minutes to show double-digit losses. It was down 11.4% and trading at $8,150 as of publishing time. According to data from Coin360, Bitcoin investors are…
Blockchain Phones Calling the Future of Telecommunications
The emergence of blockchain technology has piqued the interest of a number of different sectors across global society. From finance, politics, economics, automotive and technology, blockchain is starting to take root. It is now being seen that communications could be the latest sector to benefit from this technological revolution. There has been a predictive report…
Bitcoin is of ‘national strategic importance’ says US Space Force officer
The United States needs to formally investigate using proof-of-work networks such as Bitcoin (BTC) to protect the country from cyber-inflicted warfare, according to Jason Lowery, a member of the United States Space Force.In a four-page letter to the U.S. Defense Innovation Board on Dec. 2, Lowery explained that while Bitcoin is mostly seen as a “monetary system”
Canada Seizes $1.4 Million Bitcoin Holdings in Reportedly Largest Ever Forfeiture
A Toronto judge has ruled an online drug dealer must pay his entire $1.4 million Bitcoin (BTC) holdings to the state in what is reportedly Canada’s largest ever forfeiture, local daily news outlet The Star reported April 3.Matthew Phan, who dealt in illegal narcotics online, had tried to convince law enforcement he had amassed his…
Blockchain in Health Insurance: More Accuracy, More Transparency and More Efficiency
The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that's received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375…
Paradigm co-founder feels ‘deep regret’ investing in SBF and FTX
The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried. In a Twitter post on Nov. 15, Matt Huang, co-founder and managing partner of Paradigm said the firm is “shocked” by the revelations surrounding the two companies and their…
Spanish Railway Infrastructure Threatened by Ransomware
REvil is reportedly behind the attack against the Spanish railway manager ADIF and claimed to have stolen over 800 GB of data. 1856 Total views 17 Total shares Ransomware gang REvil stole over 800 GB of data from ADIF, the Spanish state-owned railway infrastructure manager, after a successful attack deployed on their systems.According to El…