Security Analysts: New Crypto Mining Malware for Linux Was Discovered

Security Analysts: New Crypto Mining Malware for Linux Was Discovered

Cybercriminals are now exploring new platforms and ways to carry out crypto mining attacks using malicious software (also known as cryptojacking), along with ways to keep the malware undetected. One of such malware attacks has recently been identified by two threat-analysts. Skidmap, a new Linux malware, is not only capable of keeping the cryptocurrency mining hidden, but gives the attackers a backdoor access to the infected system through a “secret master password.” The discovery was…

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Bitmain Launches New Antminers: More Power-Efficient and Higher Hash Rate

Bitmain Launches New Antminers: More Power-Efficient and Higher Hash Rate

The crypto mining giant Bitmain has recently announced that it’s going to expand its Antminer 17 series with two new Antminers: S17e and T17e. The new Antminers are designed to be more power-efficient and could hit a higher hash rate; the new mining hardware is also equipped with software that detects malicious attacks. Bitmain has revealed the specifications and selling dates for newly Bitcoin mining hardware on its website. The China-based cryptocurrency mining giant, Bitmain,…

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US Senate Discussion: Crypto Miners Should Be Regulated Under Bank Secrecy Act

US Senate Discussion: Crypto Miners Should Be Regulated Under Bank Secrecy Act

Following a recent argument presented by David Murray, a human-trafficking expert, we can’t help but wonder if this is a regulatory scheme or an outright ban on a whole technology. In a written document delivered before a hearing on human trafficking at the Subcommittee on National Security and International Trade and Finance, Murray advised the U.S. Congress to erect a stricter regulatory framework than what we have today. He suggests that Congress should set up…

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Suspected Capital One Hacker Is Now also Accused of Cryptojacking

Suspected Capital One Hacker Is Now also Accused of Cryptojacking

Paige Thompson, suspect of the Capital One hacking, was charged with the crime of hacking cloud-computing servers and stealing the data of the company to mine cryptocurrency. She now faces up to 25 years in prison for wire fraud, computer fraud and abuse. Former software engineer at Amazon, Paige was arrested on July 29th for alleged hacking. She has presumably compromised data of more than 100 million people. In the official document, not all companies…

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Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

According to reports in the Chinese news media, a person close to the crypto mining giant Bitmain has divulged that the semiconductor manufacturing company has recently placed new hardware orders in the overall sum of 600,000 cryptocurrency mining machines. With these additional crypto mining chips, Bitmain is anticipated to increase its capacity by 50% in the next six months. Bitmain is a Chinese hardware company that designs application-specific integrated circuit chips for Bitcoin mining. The…

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Malaysian Bitcoin Miners Stole $25 Million Worth of Electricity

Malaysian Bitcoin Miners Stole $25 Million Worth of Electricity

A major power utility firm in Malaysia, Tenaga Nasional Bhd (TNB), has cried out following a huge lose it has recorded in the past months. TNB’s record shows that over $25 million was lost to Bitcoin(BTC)trade miners as of June this year. According to the report, TNB noted that some cryptocurrency miners used electricity for Bitcoin mining and then refused to pay. In a single state, Selangor, there were about 370 cases relating to Bitcoin…

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Mining Giant Bitmain Accuses Mangocoin of Exploiting its Brand Name

Mining Giant Bitmain Accuses Mangocoin of Exploiting its Brand Name

Bitmain, the Beijing-based major cryptocurrency mining company, has recently published in an official blog post a the little-known cryptocurrency ‘Mangocoin’ (MGC) has frequently used the ‘Bitmain’ brand name. This was apparently intended to sale the so-called product ‘Bitmain Cloud Miner’ and to promote Mangocoin on its website and applications. Bitmain has formally declared that the company has no affiliation whatsoever with Mangocoin. Bitmain confirmed that the mining hardware development company in no way associated with…

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Crypto Mining Firm Bitmain Lost $310 Million in Q1 2019

Crypto Mining Firm Bitmain Lost $310 Million in Q1 2019

Thanks to the revival in the entire cryptocurrency market this year, and Bitcoin specifically, things have started looking up for the cyrpto mining company Bitmain. Notwithstanding, the crypto mining giant reportedly recorded a loss amounting to $310 million in the first quarter of 2019. As bad as that may seem, the company is actually on its way up again. Despite the massive loss, Bitcoin reportedly made up to $315 million profit in the month of…

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Crypto Mining Manufacturer Canaan Creative Files for US Initial Public Offering

Crypto Mining Manufacturer Canaan Creative Files for US Initial Public Offering

The world’s second-largest manufacturer of crypto mining machines, Canaan Creative, has secretly filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission (SEC), with the goal of raising $200 million. Canaan Creative has become China’s first major manufacturer of Bitcoin mining machines to file for an IPO in the United States. Canaan Creative is a manufacturer of cryptocurrency mining machines based in China. It produces blockchain servers and designs ASIC microprocessor…

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Litecoin Mining: Everything You Need to Know

Litecoin Mining: Everything You Need to Know

While there have been a number of new cryptocurrencies that have attracted attention, none have come into the spotlight as much as the largest cryptocurrencies such as Litecoin (LTC)trade. In fact, there are talks that it may be the next big crypto thing after Bitcoin(BTC)trade. Maintaining its position in the top five digital currencies, Litecoin has gotten more fans now than ever, with many trying their hand at Litecoin mining. If you wish to get…

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