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Category: cryptocurrencies – Page 37

U.S. investigators have recovered millions of dollars in cryptocurrency that Colonial Pipeline paid hackers last month to end a ransomware attack on its systems.

Deputy Attorney General Lisa Monaco announced Monday afternoon that the Department of Justice “found and recaptured the majority of the ransom” paid to the DarkSide network, the group responsible for the attack.

Paul Abbate, the deputy director of the FBI, said the bureau successfully seized the ransom funds from a bitcoin wallet that DarkSide used to collect Colonial Pipeline’s payment.

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The Nvidia 170HX could offer an Ethereum hash rate way in excess of an RTX 3090 for less power.

The latest rumours point to a brand new Nvidia cryptocurrency mining processor that’s capable of an Ethereum mining hash rate 164MH/s. If you’re not familiar with the hash rates of cryptocurrency mining, that make it an absolute whopper of a card—the GeForce RTX 3090 is somewhere in the region of 120-130MH/s. Wild, right?

It’s called the 170HX, says Twitter leaker 9550Pro, and it will feature 4480 CUDA Cores and run at 250W. Its secret, how it manages to out mine a beefier card in the 350W RTX 3090, is the choice of memory. There’s just 8GB of it on the reported card but that 8GB is made up of HBM2e, the HBM in which literally stands for High Bandwidth Memory.

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Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on bitcoin mining and trading, sending the digital currency tumbling.

Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of them.

A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday — the first time the council has targeted virtual currency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply. read more

Huobi Mall, part of cryptocurrency exchange Huobi, said in a statement on Monday that it has suspended crypto-mining services to mainland Chinese clients, and will focus on overseas businesses.

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Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

Read our special report, “The Future of Banking” : https://econ.st/3tuTT8y.

Sign up to our newsletter to keep up to date: https://econ.st/3a6aZmv.

Read more of our coverage on Finance & Economics: https://econ.st/3b0g3cs.

Listen to Economist’s podcast “Money Talks: the age of free money”: https://econ.st/3eUduK3

Is digital yuan set to transform both Chinese and international banking? https://econ.st/3eYqcYb.

Continue reading “Could digital currencies put banks out of business? | The Economist” | >

Let the farming games begin.

Chinese motherboard manufacturer Onda (via ZOL) has launched the brand’s new Chia-D32H-D4 motherboard. The model name alone is enough to tell you that this motherboard is aimed at farming Chia cryptocurrency, which has already caused hard drive price spikes in Asia.

Designed for mining, rather than to compete with the best motherboards for gaming, the Chia-D32H-D4 is most likely a rebranded version of Onda’s existing B365 D32-D4 motherboard. It measures 530 × 310mm, so the Chia-D32H-D4 isn’t your typical motherboard. In fact, Onda has produced a special case with an included power supply for this specific model. The unspecified 800W power supply arrives with the 80Plus Gold certification, while the case features five cooling fans.

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