Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin
Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried out between Feb.15 and Feb.16, the Malay Mail reported. The miners are claimed to be worth a combined 2.6 million ringgits ($650,000). ● Seven local...
Study: Top-Tier Cryptocurrency Exchanges Increased Their Market Share by 13% Since October 2020
A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows. Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider cryptocompare.com, top-tier crypto exchange gained 13% market...
IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.” CBN Acting in the Interests of Financial Sector...
NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February
PRESS RELEASE. While Ethereum has given way to a brave new world of decentralized financial applications that are completely permissionless, accessible and groundbreaking in many ways. However, it has done so on an experimental basis and with great costs. Ethereum provides a foundation on which these decentralized applications can be built upon but it is not ready for worldwide spread adoption. Simple transactions on the Ethereum...
Bulgaria Asks United States to Help Shut Down Torrent Tracker Zamunda
The US Trade Representative (USTR) placed Bulgaria on the ‘Special 301 Watch List’ between 2013 until 2017, because its copyright policies and enforcement were reportedly lagging behind. The USTR uses this annual report to motivate foreign countries to take action, which can often pay off. This also appears to be the case in Bulgaria, where law enforcement agencies have actively pursued various piracy cases in recent years. This...
