Russia legalizes Bitcoin and cryptocurrency mining
    09 Aug 2024
    74 Views

    Russian President Vladimir Putin approved legislation to reduce its reliance on the United States dollar in international trade. The law will take effect in November 2024 and allow approved mining firms to register through a state database to mine crypto. Small, individual miners can also mine digital currency without officially registering if their energy consumption…

    Miner profitability falls to record lows — Blocksbridge
    09 Aug 2024
    58 Views

    Miner hashprice, a metric that gauges mining profit margins, has fallen below $36 petahash per second (PH/s) — a record low according to a recent Blockbridge report. The storage infrastructure company predicts a dismal outlook for miner profitability if the upcoming difficulty recalculation is not adjusted lower. The report also noted that despite the price…

    ‘Dark Skippy’ method can steal Bitcoin hardware wallet keys
    09 Aug 2024
    78 Views

    Security researchers have discovered a troubling new method that hackers can use to extract private keys from a Bitcoin hardware wallet even with only signed two transactions, which they’ve named “Dark Skippy.” The vulnerability potentially affects all hardware wallet models — though it can only work if the attacker tricks the victim into downloading malicious…