Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

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Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day … Read more

Hackers Cryptojack Tesla’s Cloud to Mine Monero

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According to RedLock, a boutique tech security consultancy, crypto-jacking is set to become one of the biggest security concerns for enterprise computing worldwide. RedLock’s latest research noted a changing security context; one that underpins a changing landscape from data theft to computational power theft. Tesla, a RedLock client, was reportedly a victim of a serious crypto-jacking … Read more