Russian Nuclear Engineers Arrested for Mining Cryptocurrencies

Mining Russian nuclear scientists working at a top-secret nuclear center have been arrested for allegedly using the center’s computer facilities for the purpose of mining cryptocurrencies. Also Read: Russia’s Largest Bank Caught Employees Mining For Crypto   Russian Nuclear Engineers Arrested for Secrectly Mining Cryptocurrencies Engineers working for the All-Russian Research Institute of Experimental Physics at the Federal Nuclear Centre in Sarov have been arrested for using the power of a supercomputer to mine cryptocurrencies. The Federal Nuclear Center in Sarov is a restricted area, with the Soviet Union’s…

Zap Beta Wallet for Bitcoin’s Lightning Network Enters the Testing Phase

The Lightning Network is somewhat of a Holy Grail for the Bitcoin network. Without proper scaling, the world’s leading cryptocurrency will not go very far. It is evident a solution needs to be found sooner rather than later. With the Lightning Network, a lot of problems can effectively be solved. A beta version of the Zap LN wallet is now available on the testnet as we speak. This is a positive development, although a lot of testing is needed, for obvious reasons. A lot of people have high hopes for…

Bosch Invests in IOTA, Outlines Blockchain Plans

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Robert Bosch Venture Capital is investing in IOTA. The firm is also joining the network’s advisory board. Digging In Deep With Data Bosch is a 131-year-old company, yet it’s on the cutting edge of crypto and IOTA’s tangle-style platform. Clearly, the firm desires to go deeper into data rather than stick to its old business model and profit from hardware. Selling data is the future and Bosch views IOTA and autonomous cars as a great way to…

Mario Draghi Claims European Banks Will Show a Positive Interest in Bitcoin Soon

Bitcoin is of great interest to a lot of people. Even financial institutions are paying a lot of attention. This is happening despite their clear negative attitude toward Bitcoin and similar cryptocurrencies. According to Mario Draghi, it is a matter of time until banks start holding Bitcoin as well. Whether or not this will bring more credibility to the industry, remains to be seen. Mario Draghi has been a remarkable individual for many different reasons. Most people know him as the president of the European Central Bank. He has some…

Is Darknet Done With Bitcoin? | News

A new study by Recorded Future has found that Bitcoin is losing its position as the number one currency on the Darknet markets. The Internet tech company analyzed 150 of the most active message boards, marketplaces, and illicit service providers and noticed that the Darknet communities sentiments toward Bitcoin have taken a turn. The Darknet economy The Darknet is an Internet that uses non-standard communication protocols and ports to make it a bit more difficult for the digital identities of users to be revealed. The Darknet requires users to run…

Hong Kong Regulators Send Warnings to Non-Compliant Cryptocurrency Exchanges

Regulators in Hong Kong have issued a strict warning to exchanges doing business with Chinese customers about trading tokens deemed as securities. In an announcement today, Hong Kong’s Securities and Futures Commission (SFC) said it has sent letters to seven Hong Kong exchanges and firms attempting to fundraise through initial coin offerings (ICOs), warning them about the legalities of selling digital tokens with the characteristics of securities. Most of those receiving the letter confirmed compliance with the SFC’s regulatory regime or delisted tokens in question. The agency said it had…

Russia’s Largest Bank Caught Employees Mining For Crypto

Mining Russia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Sberbank Claims It’s Not Mining Crypto The state-controlled Sberbank is the largest bank in Russia and the third largest in Europe. The bank is in possession of a large quantity of graphics cards that can be used for cryptocurrency mining. The bank’s senior vice…

Bitcoin Cash Price Surge Makes Competitors Look bad

A lot of interesting things are happening in the cryptocurrency world. While a lot of markets are in the green, the biggest gainers are rather peculiar. Litecoin, Bitcoin, and Ethereum are all gaining but only ever so slightly. All of the money seems to be heading to Bitcoin Cash as of right now. This leads to some interesting speculation as to why this is happening right now. It is evident Bitcoin Cash is still a strong contender in the cryptocurrency world. Although it lost a lot of value, so did…

Bitcoin’s Volatility Is a Feature, Not a Bug

Op-Ed Another suicide has made its way to media scrutiny, and crypto markets plummeting was promptly highlighted as the ultimate cause. It’s time to consider our mental health as investors in light of bitcoin’s infamous feature – volatility. Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners  Bitcoin’s ”Death” Is Not the End of the World Dear Reader, perhaps you’re considering a jump into the bitcoin investing pool. The waters, while choppy, seem warm and inviting. They are in a lot of ways. Prior…

A New All-in-One Mining Platform Promises Leading Tech… | News

At the time of writing, it could take over a thousand years to mine an entire block on the Bitcoin Blockchain using consumer grade hardware. One whole block is the minimum amount required to mine in order to receive adequate compensation for your work. To address this issue, Oasis Mining, a new pool-mining platform promises the lowest costs, and highest Return On Investment (ROI). Joining forces If you live in the Western Hemisphere, it is likely that electricity costs are high enough that the prospect of getting involved in Bitcoin…