Crypto News
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency minersSource link
UK Sells Monero Tokens ‘Seized’ From Convicted Drug Dealer
A convicted dark web drug dealer transferred his Monero holdings to UK authorities to avoid additional prison time. Now they've been sold.Source link
Judge ‘Surprised’ by Coinbase Subpoena Request Targeting SEC Chair Gensler—But ‘Not in a Good Way’
As the crypto exchange fights an SEC lawsuit, the federal regulator says Coinbase’s demands are an overreach.Source link
Worldcoin Launches World Chain Developer Preview, Targets Increased Scalability
Worldcoin, the biometric ID and UBI project, has announced the launch of the developer preview of World Chain, a new blockchain that will allow it to scale beyond the numbers currently achieved. This developer preview will serve as a platform for developers to reach 10 million users across 160 countries, starting to build apps beforeSource link
Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler
A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday.Source link