North Dakota hopes to double the $3B of clean crypto mining in the state

North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence […]

North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions

Virgil Griffith, a former Ethereum (ETH) developer has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea use blockchain technology in contravention of economic sanctions imposed by the United States. On Tuesday, April 12, U.S. District Judge Kevin Castel of the Southern […]

Ethereum Developer Gets 5 Years In Prison For Teaching North Korea Skirt Sanctions Using Crypto

An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanctions through the use of cryptocurrencies. The United States forbids its nationals from traveling […]

Former Ethereum Developer Virgil Griffith Sentenced to 5+ Years in Prison for North Korea Trip

Klein also informed Judge Castel of a recent psychological assessment of Griffith, done in prison, which apparently found him to be suffering from two personality disorders, Narcissistic Personality Disorder (NPD) and Obsessive Compulsive Personality Disorder (OCPD). His defense said the disorders explained his “obsession” with North Korea and his disregard for the warnings of his […]

Bitcoin Miner Crusoe Mostly Not Affected by North Dakota Oil Site Explosion

Crusoe Energy, which recently was recognized for its “innovative” solution to generating energy by the World Bank’s Global Gas Flaring Reduction Initiative report, has several sites across the U.S., including in North Dakota, Montana, Wyoming and Colorado, where it uses wasted natural gas to power bitcoin mining rigs. Crusoe’s customers include Devon Energy (DVN), Kraken […]

North Korean Hackers to Launch a Global COVID-19 Phishing Campaign

A study by cybersecurity vendor, Cyfirma, warned about a massive phishing campaign that will be launched by the North Korean hacker group, Lazarus, on June 21. The campaign will allegedly target six nations and over 5 million businesses and individuals. According to the report published on June 18, Lazarus will subject Singapore, Japan, India, the […]

Crypto Community Fears North Korean BTC Sell-Off Amid Rumors of Kim Jong Un’s Death

Following rumors that North Korea’s supreme leader Kim Jong-Un is either in declining health or dead, reports started circulating that the country’s Bitcoin (BTC) reserves will be sold. According to a March 2019 report, at the time North Korea already held about $670 million in crypto assets. Many believe this non-trivial amount of cryptocurrency to […]