Search Results for: North

Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

The hashrate of various Bitcoin (BTC) mining pools dropped due to the blackout impacting Northwest China. Pseudonymous Chinese reporter tweeting under “Wu Blockchain” explained: “The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpools fell by 24.5%, BTC.com fell by 18.9%, Poolin fell by 33%, Binance pools fell by 20%. The reason is that Northwest … Continue reading Bitcoin Mining Pools Negatively Impacted as Northwest China Undergoes a Complete Blackout

BTC Surges after Elon Musk Discussed With North American BTC Miners

The price of bitcoin (BTC)  rose by about 4% after Elon Musk, the founder and CEO of Tesla Inc., tweeted that he held active conversations with North American Bitcoin miners discussing the sustainability of the cryptocurrency. Bitcoin advanced its value to trade around $39,000 following the tweets on Monday, May 24. The largest cryptocurrency by … Continue reading BTC Surges after Elon Musk Discussed With North American BTC Miners

Sub-Saharan Africa Dethrones Northern America as the Top Bitcoin Adoption Spot

Sub-Saharan Africa has been the top Bitcoin adoption spot for 181 consecutive weeks after edging out Northern America, as revealed by Arcane Research. The crypto insight provider explained: “Booming African Bitcoin adoption as Sub-Saharan Africa now holds the most vibrant P2P market globally. Northern America has been dethroned by Sub-Saharan Africa as the leading region … Continue reading Sub-Saharan Africa Dethrones Northern America as the Top Bitcoin Adoption Spot

North Korea Targets Crypto Exchanges to Fund Missile Programs: UN Report Reveals

North Korea stole more than $50 million in cryptocurrency between 2020 and mid-2021 to fund the country’s missile programmes, an excerpt from a United Nations report stated. The North Korean cyber-attacks targeted at least three cryptocurrency exchanges in North America, Europe and Asia. The report findings – reportedly handed to the UN’s Security Council North Korea … Continue reading North Korea Targets Crypto Exchanges to Fund Missile Programs: UN Report Reveals

Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions

The strong hands of the law have been stretched to Virgil Griffith, an American national and one of the Ethereum core programmers, who is sentenced to 63 months in jail by U.S. District Judge P. Kevin Castel for allegedly helping individuals in the Democratic People’s Republic of Korea (North Korea) evade the US imposed sanctions. The … Continue reading Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions

Nestle Rolls Out First NFTs in the Middle East & North Africa for a Humanitarian Cause

Nestle, a Swiss multinational food and drink processing conglomerate, has launched an exclusive limited series of two non-fungible tokens (NFTs) called TRIX Globe for a charitable cause in the Middle East & North Africa (MENA). To commemorate the rollout of the TRIX Breakfast Cereal brand in MENA, Nestle released the NFTs on Opensea.io, with bidding … Continue reading Nestle Rolls Out First NFTs in the Middle East & North Africa for a Humanitarian Cause

2 Europeans Charged in Connection to Virgil Griffith's North Korea Case

The U.S. Department of Justice announced on Monday the indictment of two Europeans for allegedly collaborating with Virgil Griffith, a cryptocurrency researcher who was recently sentenced to prison for providing cryptocurrency and blockchain technology services to North Korea, Reuters reported. The two defendants are Alejandro Cao de Benos from Spain, who founded a pro-Pyongyang affinity organization, … Continue reading 2 Europeans Charged in Connection to Virgil Griffith's North Korea Case

US Seizes $500K in Crypto Paid as Ransom to North Korean Hackers

The U.S. Justice Department has revealed seizing crypto funds worth $500,000, which were paid as a ransom to North Korean hackers. The seizure was conducted after the FBI filed a warrant in May this year. The seized funds were paid as a ransom by health care providers in Colorado and Kansas.  Lisa Monaco, the deputy attorney … Continue reading US Seizes $500K in Crypto Paid as Ransom to North Korean Hackers

Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North

Compass Mining, a Bitcoin mining hosting and brokerage services firm based in Delaware, US, announced the completion of a partnership with colocation provider Compute North to secure at least 75 megawatts (MW) of energy capacity for its TIER 0™ data center in Granbury, Texas. The agreement with the colocation provider also includes the ability to expand Granbury’s … Continue reading Bitcoin Miner Compass Mining Establishes 75 MW Hosting Partnership with Compute North

Applied Blockchain Refinances $15M Credit Facility from a North Dakota-based Bank

U.S. bitcoin mining company Applied Blockchain, Inc has announced that it has entered into a credit agreement with a North Dakota-based bank for a $15 million loan that will expand its crypto mining operations to take advantage of opportunities emerging in the current bear market. Applied Blockchain disclosed that the funds obtained will be used … Continue reading Applied Blockchain Refinances $15M Credit Facility from a North Dakota-based Bank

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