Chinese BTC Digital Acquires 220 New Bitcoin Mining Units
BTC Digital of China announced the acquisition of 220 additional Bitcoin mining units, bringing its total machine count to 2,174, each with more than 230PH/s of processing capacity. The transaction reportedly involved “two unaffiliated third parties” and Bitmain Antminer S19j Pro units. In return, the parties exchanged 276,572 common company stock units worth $968,800, according […]
Abu Dhabi Introduces DLT Regulatory Framework for DAOs
Abu Dhabi, the second-most populous emirate in the United Arab Emirates, has implemented a formal Distributed ledger technology (DLT) regulatory framework for decentralized autonomous organizations (DAOs) and other digital ledger entities. By enabling DAOs to function lawfully and distribute tokens to their members, the novel framework furnishes digital asset firms with regulatory certainty. In addition […]
Apple MacOS Malware Targets Blockchain Community Engineers
A newly detected malware on Apple’s macOS associated with the North Korean hacking group Lazarus reportedly targets blockchain engineers of cryptocurrency exchange platforms. Analysis by Elastic Security Labs reveals that the covert backdoor of the malicious software “KandyKorn” for macOS can perform the following operations: data retrieval, directory listing, file upload/download, secure deletion, process termination, […]
Block Generates $5.62B in Revenue, $44M in Bitcoin Profits in Q3
Block, a Bitcoin-focused fintech company led by Jack Dorsey, disclosed its third-quarter (Q3) earnings report, which indicated a successful quarter with Bitcoin revenue contributing as much as 43% of its total revenue. Solid revenue growth in Cash App and Square contributed to the company’s $5.62 billion in revenue for the third quarter of 2023. Profit […]
J5 Challenges Crypto Experts, Investigators to Tackle Tax Fraud
A global anti-tax fraud organization, the Joint Chiefs of Global Tax Enforcement (J5), hosted ‘The Cyber Challenge’ event, which aimed to apprehend tax fraud perpetrators and organizations by assembling investigators, cryptocurrency experts, and data scientists. The criminal intelligence communities of the United States, Australia, Canada, the Netherlands, and Trans-Canada comprise the J5 and work together […]