Day: March 7, 2023

Argo increases Bitcoin production despite BTC difficulty growth

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Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty. During February, Argo mined 162 Bitcoin or BTC equivalents, translating to 5.7 BTC per day, which the firm announced in an operational update on March 7. Argo’s daily Bitcoin production rate in February surged 7% from 5.4 BTC per day produced in January, despite a 10% month-over-month increase in average network difficulty. Bitcoin mining difficulty is a measure defining how hard it is to mine a BTC block. A higher…

Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison – Bitcoin News

Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence for Cryptocurrency Theft in Russia A court in the Russian city of Omsk has issued a verdict in a criminal case against three men from Moscow who extorted a large amount of digital currency from a man in Siberia. Two of them have been found…

Algodex reveals wallet infiltrated by ‘malicious’ actor as MyAlgo renews warning: Withdraw now

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Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved. Update: Funds are still being actively drained from MyAlgo users. https://t.co/fzkS9PFkAm pic.twitter.com/cgrWigu2Wn — ZachXBT (@zachxbt) March 6, 2023 Meanwhile, decentralized exchange Algodex has revealed a malicious actor infiltrated a company wallet on Mar. 5 in what “appears to be similar to what is currently happening in the Algorand ecosystem,” it said in a Twitter post. In a Mar. 6 post, Algodex explained that during the early…

EOS price turns bullish following EVM launch

EOS blockchain recently announced plans to incentivize its developer community in anticipation of the launch of the Ethereum Virtual Machine (EVM), scheduled for next month. The price of EOS has increased by nearly 8% in the past week. EOS to give $50,000 in incentives ahead of EVM launch The EOS blockchain, launched in 2018 is aiming to go back to the top again after failing to live up to its hype over the years.  According to CEO Yves La Rose, the EOS Network foundation is preparing a scheduled upgrade of…

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

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The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said. The comments from Wiles came on Mar. 6, the third day of hearings regarding a plan by Voyager to issue a repayment token and sell $1 billion of assets to Binance.US. The SEC earlier argued that the repayment token would constitute an unregistered security offering, while Binance.US is operating an unregulated securities exchange. In a…

Wallet tied to Uranium Finance hacker reawakens after 647 days, shifting $3.3M

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One of the wallets associated with the $50 million exploit of Uranium Finance in April 2021 appears to have awoken after 647 days of dormancy, with funds headed towards crypto mixer Tornado Cash. The sudden move was highlighted on Mar 7 by cybersecurity firms PeckShield and CertiK on their respective alert accounts on Twitter. #PeckShieldAlert After 647 days, @UraniumFinance hacker started move 2250 ETH (~$3.35m) stolen funds into @TornadoCash. On April 28, 2021, the hacker drained approximately $50 million worth of tokens from Uranium’s “pair contracts”. https://t.co/mBhMxmAdS5 pic.twitter.com/OOF3R0w3ll — PeckShieldAlert…

Spain a Hotbed for Cryptocurrency Real Estate Deals, According to Study – Bitcoin News

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A recent study indicates that Spain is one of the hottest countries regarding real estate offerings that can be paid with cryptocurrency. The report, prepared by Forex Suggest, found that Spain is the country with the most properties available for crypto, followed by Thailand, Portugal, and the UAE. Spain Ranks First Among Countries With Properties on Sale for Crypto A recent study made by Forex Suggest, which examined which countries had the most properties on sale for cryptocurrency, found that Spain was the hottest destination for real estate…