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Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: report

The report said the actors usually gained access to Cloud accounts because of “poor customer security practices” or “vulnerable third-party software.”

Continue ReadingHackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: report

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting…

Continue ReadingRussia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com

On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will…

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While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High

During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated…

Continue ReadingWhile BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High

‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev

In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.

Continue Reading‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev