The German police busted a large mining operation for stealing upto 222,000 euros worth of electricity since 2017 in the city of Klingenthal. The investigating team of officers also found about 49 computers at PGH Elektro, formerly an electrical services company. A press statement said 30 computers were equipped with specialized hardware for mining […]

A central bank digital currency (CBDC), according to a report published by the Bank of Korea (BoK), can harm South Korea’s financial system. In May 2018, the BoK had been looking at the possibility of issuing a CBDC. However, it was also worried about the digital currency destabilizing the nation’s financial system. The report highlights […]

Linux systems are under attack by a malware campaign to mine Monero (XMR), a privacy-centric coin. It uses a new version of Shellbot trojan to bridge a tunnel between the infected system and a C&C server, which is operated by the attackers. Jask Special Ops researchers described the Shellbot as an Internet Relay Chat (IRC) […]

Invstr the investing app has publicized on Tuesday, 6th February that they will launch a crypto trading index. The crypto index launched by Invstr is targeted to help the investors to track the price of cryptocurrencies. Presently the list is available with the app user. The price comparison of an exact virtual currency can also […]

German police have arrested six suspects from the town of Klingenthal, Germany. They are suspected of using stolen electricity for running a crypto mining company. The police found that the mining operation was conducted using at least 49 computers from the premises of PGH Elecktro, an electrical service company. Out of these 49 computers 30 […]

The world’s fastest growing young economy, India fears that cryptocurrencies will strike off the weakening rupee. Though aware about its popularity and accelerating growth, India is unsure. The high-level panel committee led by top bureaucrat, Subhash Chandra Garg is very hesitant about adopting the digital currencies. Indian experts are more worried about cryptocurrencies toppling the […]

Japan’s three largest banks have ditched the peer-to-peer remittance service program and are now working towards developing their own cryptocurrencies. The remittance service program, launched in 2017, had been taken up by Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group. They were developing a blockchain-powered system to facilitate money transfers between […]

Sheikh Saeed bin Ahmed Al Maktoum has given cryptocurrencies a much needed ‘royals touch’ as he backs Invao, the Liechtenstein-based firm to catch the attention of more investors. Launched in 2018, Invao has been boosted by the Shiekh’s Private Office. In less than a year, Invao has invested more than $1 million and made a […]

The Philippines will be placing regulation for the digital assets with some new rules to protect the investors and encourage modernization. The new regulation is aimed to cover the areas like acquisition, together with utility and security of the crypto token as laid down by DATO and approved by CeZa, the regulatory authority of the […]

Six banks from the Saudi and UAE will be joining for a cross border virtual currency transaction project named “Aber” as reported by the Saudi monetary portal Argaam on 5th of February. The mission of the venture is to make a financial transaction between the two countries easier by using the digital currencies as reported […]