Cryptocurrency Mining

In the past few years, Tencent Holdings Ltd and Ant Group Co. have digitized the Chinese currency. In addition, the companies have set up substantial private payment networks and cryptocurrency mining operations that have led to the global bitcoin boom. The two companies broke from the aggressive Chinese financial centralization, which has been in China's history for years. The issue comes as China is focused on distributing the digital currency before the 2022 Beijing Winter Olympics. According to Chinese officials,…

In operation known as “Coin Breaker,” the Hong Kong authorities arrested four men in a suspected cryptocurrency laundering scheme worth $155 million (HK$1.2 billion). According to the South China Morning Post, these men aged between 24-36 years have been in operation from February 2020 to May 2021. How they Managed the Scheme The authorities believe that the syndicate operated in various bank accounts where they made transactions through virtual currency exchanges. According to the Syndicates Crime Investigation Bureau of Custom…

As per a June 22 Twitter post by Bloomberg Crypto, chipmaker Nvidia pushes a chip dedicated to crypto mining. The move is meant to ease the shortage of the most popular video gaming cards, which crypto miners are increasingly using amid the ongoing digital currency craze. Nvidia plans to make a chip dedicated to crypto mining to leave its top graphics chips just for gamers https://t.co/4GFzUFLRhQ — Bloomberg Crypto (@crypto) June 22, 2021 The company has now urged non-gaming customers…

NortonLifeLock (NLOK), an international leader in consumer Cyber Safety, announced on Wednesday morning the launch of Norton™ Crypto. It’s a new feature designed to enable consumers to safely and efficiently mine cryptocurrency using its trusted Norton™ 360 platform. Vincent Pilette, CEO of NortonLifeLock, said that the crypto economy had become a more vital part of their customers' lives. He added that they want to empower them to mine cryptocurrency with Norton, a brand they trust. Norton 360, at its core…