Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals
Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing Covid pandemic still leading the headlines around the world, the topic has lost some prominence in the cyberthreat landscape since the beginning of this year. At the same time, threats related to cryptocurrencies have increased....
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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 hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept Most Chinese Mining Rigs The influx of Chinese miners in several countries which either provide certain regulatory clarity or offer cheap energy has been accompanied by a large transfer of mining....
Increasing ransomware and other cyberthreats have got top executives concerned about their companies. The New York State Department of Financial Services recently released a draft dictating new cybersecurity regulations for finance sector. Hailed the first of its kind in the United States, it has received a fair share of criticism as well. The Bitcoin companies in the region come under NYDFS, which makes these new regulations applicable to them as well. These challenging regulations, once implemented may turn out to be the savior of millions of customers, especially at the time when....
As the Russo-Ukraine war rages on, crypto has remained in the forefront of the war on both sides. President Vladimir Putin’s regime has been sanctioned by the West, led by the United States and the European Union, which included denying Russia access to foreign reserves. Soaring energy and commodity prices have harmed the global economy, […]
Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals.
Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles
Data centers mining cryptocurrencies in Russia’s oil fields have a combined power rating of 85 megawatts, which is 23% of the market, according to analysts at Vygon Consulting, an independent consultancy working on the development of....
Scams have started exploiting the desire of many in the crypto community to support Ukraine’s efforts to withstand Russia’s military assault and help its citizens endure the conflict. As the country is raising millions in bitcoin, a report has indicated that fraudulent schemes luring donors to “help Ukraine” with cryptocurrency are on the rise.
Crypto Scams Entice Prospective Donors to Support Invaded Nation
People who wish to send cryptocurrency to the Ukrainians defending their country against a military operation launched by Russia, may fall into a....