Police in the Malaysian state of Jahor have detained several suspects for theft of electricity for Bitcoin mining.
Malaysian police have seized 1746 Bitcoin mining rigs across 21 premises in raids this week.
Earlier this week, authorities in Johor, Malaysia, arrested seven men for stealing millions of dollars worth of electricity for bitcoin mining.
An operation involving local electricity company Tenaga Nasional Berhad (TNB) and Johor police led to the arrest of the suspects, aged between 24 and 64, according to a Malay Mail report on Wednesday.
The investigation revealed that the gang had stolen 8.6 million Malaysian ringgit ($2.13…
For PayPal, as for other fintech companies, the COVID-19 quarantine proved to be a time of upheaval. And the rapid rise in popularity of cryptocurrency trading has caused PayPal to turn its attention to digital assets as well.
The big payment operators are turning towards cryptocurrencies, but they are doing so too slowly, without noticing that participants in the cryptosphere itself are already actively integrating their capabilities.
In the past few months, payment giants Visa, Mastercard and PayPal have dramatically changed their attitude towards cryptocurrencies and blockchain technology, announcing their intention to integrate cryptopayments into their systems. This is about…
Faced with public outcry over chronic power cuts and rising pollution, Iranian officials have targeted energy-intensive cryptocurrency mining farms.
Cryptocurrency miners in Iran say they are being scapegoated for power outages and pollution.
Iran’s active mining of cryptocurrencies has led to an energy collapse. Power plants are running out of gas and some have switched to fuel oil. The Iranian capital is covered in smog because of this. The country’s authorities have already confiscated around 45 000 cryptocurrency mining rigs.
According to the country’s largest newspaper, Hamshahri, there is an energy crisis in Iran. One of its main causes is…
It looks like Australia is becoming a super haven for cryptocurrency and blockchain activity. According to a new survey, it appears that roughly 20 percent of its residents have either owned cryptocurrency in the past or possess it at the time of writing.
Australia’s overall crypto perception improved in 2020 but adoption among women is still lacking.
According to the Independent Reserve Cryptocurrency Index (IRCI) for 2020, the overall sentiment towards cryptocurrencies in Australia has improved significantly compared to 2019. …
Cryptocurrency holders can now cash out their bitcoin at 16 000 ATMs across the UK thanks to a collaboration between East London-based Cryptocurrency company BitcoinPoint and independent cash machine operator Cashzone.
According to a recent announcement, Bitcoin users can now convert their cryptocurrencies into cash across over 16 000 ATMs in the UK.
Bitcoin owners will now be able to sell their bitcoins at 16 000 Cashzone ATMs across the UK under an agreement reached with London-based cryptocurrency company BitcoinPoint.
Under the terms of the agreement, once registered, Cashzone users will be able to enter a withdrawal amount on BitcoinPoint’s…
Tech reporter once traded $300 000 worth of Bitcoin for a sushi dinner.
In 2013, this reporter spent 10 BTC, worth $1000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it.
On December 16, Bitcoin surpassed $20 000 level for the first time, hitting an all-time high. Against this backdrop, The New York Times journalist Kashmir Hill recalled how in 2013, even before the cryptocurrency boom, she spent 10 bitcoins at a sushi bar, paying for dinner with 60 strangers. …
Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.
Description: CI Financial Corporation, one of the biggest mutual fund managers in Canada, has recently completed a $72 million fundraise through the Initial Public Offering (IPO) of its Bitcoin Fund.
Northern Trust, a major investment company with $1.2 trillion in assets in Canada, the US and the European Union, is entering the cryptocurrency market. …
JPMorgan has completed a live, blockchain-based intraday repo transaction using an in-house developed application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days.
Description: JP Morgan has announced a successful blockchain-based repo transaction — with the potential to reduce such payments to hours rather than days.
JPMorgan says it has completed an operational intraday repo transaction using a blockchain solution, with a commercial launch soon to follow. The bank said on Thursday that the repo transaction was between broker-dealer JPMorgan and the banking institution. …
Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets.
Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $100 million worth of the digital token.
Massachusetts Mutual Life Insurance has invested $100m in BTC and $5m in an equity stake in New York Digital Investments Group (NYDIG). According to a press release, both investments give MassMutual direct entry into the cryptocurrency industry. NYDIG is one of the fastest growing institutional cryptocurrency investment companies with $2.3 billion under management. …
SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection.
SWIFT announces the activation of the world’s first live gpi Instant connection, a new service that enables consumers and businesses to send payments in seconds across borders, around the clock via their financial institutions.
SWIFT and Lloyds Banking Group announce the world’s first gpi Instant connection, a new service that will allow consumers and companies to send payments abroad through their financial institutions 24 hours a day, 7 days a week.
The first financial institution to implement the new service was Lloyds Banking Group. At the…
Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.