Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency

In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of … Read more

Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50%

AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffered a breach, leading to hackers stealing over $620 million from the blockchain-based trading and battling game. This came as ZIL was trading by over 50% higher during the session. Zilliqa (ZIL) Zilliqa (ZIL) was up by over 50% … Read more

As Bitcoin’s Hashrate Remains Elevated, BTC’s Mining Difficulty Expected to Reach a Lifetime High

During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours. … Read more

The Token is the Title: NuGenesis Announces Commodities Trading Platform with Serialized Digital Assets

To all those familiar with scalability issues plaguing the Ethereum network, the NuGenesis blockchain is a panacea. Existing distributed ledger and blockchain technology systems are primitive and incapable of scaling. To do so would require a complete dismantling of the existing blockchains. Now, NuGenesis has solved the scalability problem. Built with the end in mind, … Read more

This Metaverse Crypto Coin Gained Over 135% Today (Dotmoovs)

As cryptocurrency markets continue to trade sideways this week, several Metaverse crypto coins are showing significant bullish momentum. One such project is Dotmoovs (MOOV), a relatively low market cap Metaverse crypto coin gaining over 135% today. Let’s look at Dotmoovs and its token MOOV and see why the price is rising so much today. What … Read more