‘WebCobra’: McAfee Spots Russian Malware Mining Monero and Zcash

‘WebCobra’: McAfee Spots Russian Malware Mining Monero and Zcash

Advertisement Twitter Facebook LinkedIn Researchers at computer security firm McAfee Labs discovered a lethal new cryptojacking malware called “WebCobra,” which steals victims’ computing power to mine the cryptocurrencies Monero or Zcash secretly. The spike in cryptocurrency prices has inspired a new wave of cybercriminals, who use malware to cannibalize unsuspecting victims’ computers to mine crypto.…

Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

Advertisement Twitter Facebook LinkedIn A new paper indicates that the energy required to mine cryptocurrencies is more than what is consumed when excavating for metals of equivalent dollar value. In the paper which was published on November 5 by the Nature journal, researchers at the Cincinnati, Ohio-based Oak Ridge Institute noted that bitcoin consumes more…

To the Moon? Ethereum Startup ConsenSys Acquires Asteroid Mining Firm

To the Moon? Ethereum Startup ConsenSys Acquires Asteroid Mining Firm

Advertisement Twitter Facebook New York-based blockchain software technology startup and Ethereum development studio ConsenSys has acquired asteroid mining company Planetary Resources, Inc. through an asset-purchase agreement. Following the acquisition, Planetary Resources President and CEO Chris Lewicki and General Counsel Brian Israel will be joining the team at ConsenSys, according to an official press release. Before…

Russian Church Forced To Pay For Crypto Mining

Russian Church Forced To Pay For Crypto Mining

Advertisement A court ruling in Russia recently determined that a church must pay higher electricity fees, due to the fact that they are running cryptocurrency mining hardware on the property.  Although this is an isolated court ruling, it certainly has implications for private citizens, who are mining in their own homes. Church Investigated “Grace”, the…

PSA: Fake Flash Updates are Hiding Cryptocurrency Mining Malware

PSA: Fake Flash Updates are Hiding Cryptocurrency Mining Malware

Advertisement It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid,…

Monero Launches Initiative to Combat Cryptocurrency Mining Malware

Monero Launches Initiative to Combat Cryptocurrency Mining Malware

Advertisement Earlier this week, the Monero (XMR) community announced the launch of a new website that aims to educate users on cleaning up crypto-jacking malware and ransomware. Easing Malware Victims’ Confusion and Frustration The ease of mining and privacy of Monero are standout features for the coin. However, the features attract bad actors who use the…

Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

Japanese Tech Firm GMO Releases ‘Free’ Zcash Mining Software

Advertisement Japanese tech firm GMO is expanding its nascent cryptocurrency mining operation beyond bitcoin through the release of a software client designed to mine zcash and other Equihash-based cryptocurrencies using general-purpose GPU chips. Japanese Firm Releases Zcash Mining Software Dubbed Cryptoknocker, the software has specifically been developed for mining rigs composed of Nvidia graphics cards…

Gov’t of Uzbekistan to Licence Crypto Exchanges, Mining Centers, and ICOs

Gov’t of Uzbekistan to Licence Crypto Exchanges, Mining Centers, and ICOs

Advertisement The Korean Blockchain Business Association (KOBEA) and the government of Uzbekistan have signed a memorandum of understanding (MoU) to establish the country’s first government-licensed crypto exchange. The National Agency of Project Management (NAPM) under the president of the Republic of Uzbekistan settled a direct partnership with KOBEA to facilitate the growth of the country’s…

Japanese Bitcoin Mining Firm GMO Stops Mining Bitcoin Cash

Japanese Bitcoin Mining Firm GMO Stops Mining Bitcoin Cash

Advertisement GMO Internet, a leading Japanese bitcoin mining firm, has informed investors that it has stopped mining bitcoin cash, documents purportedly distributed by the company show. Those documents, made public by “The Bitcoin Knowledge Podcast” host Trace Mayer, indicate that the Tokyo-based GMO mined 0 BCH in July, down from a high of 287 in…