New York Crypto Miners to get Power at Higher Rate?

Ledn, First in Canada to Offer Crypto-backed loans.

As per new electricity rate scheme in New York, crypto miners need to pay more than other consumers. New York State Department of Public Service Chair John Rhodes said in a statement:

“We must ensure that business customers pay a fair price for the electricity that they consume. However, given the abundance of low-cost electricity in Upstate New York, there is an opportunity to serve the needs of existing customers and to encourage economic development in the region.”

On the other hand in Quebec, Canada provincial utility Hydro-Quebec proposed a new regime under which blockchain companies will be required to bid for electricity and quantify expected job creation and investment.

FIFA Gambling – Police Seize $1.5 Million in Crypto

$1.5 Million in Crypto During FIFA Gambling

$1.5 million worth of cryptocurrencies were seized by Local police officials in China as part of a crackdown on gambling during the 2018 FIFA World Cup. As Xinhua reported the unnamed gambling platform in May following advertisements that claimed it would “accept international recognized cryptocurrencies including bitcoin, ether, and litecoin” to draw in users. Over the course of eight months, some 333,000 users used the site, which reportedly saw an estimated transaction volume of at least $1.5 billion.

Stronghold, a crypto exchange platform, secured $3.3m in seed funding.

The company aims to utilize the funds to enhance the trading experience, endure the growth and development of its platform. The firm also plans to add more assets and liquidity onto Stellar’s network through its platform and develop its cryptocurrency asset management platform further. Stronghold offers a trading platform built on the Stellar network, it connects banks, payments systems and people, enabling them to move money quickly, reliably, and at almost no cost.

Bitcoin mining costs hit the skies despite the fall in coin’s value

Bitcoin mining costs to outpace Bitcoin price — Bitcoin mining costs hit the skies

Bitcoin mining community is in a state of panic as the Bitcoin hash rate is shooting up rapidly irrespective of the coin’s price. In fact, the difficulty of adding a block has increased significantly over the past one year. While the Bitcoin price [as of today $6,410] has been fluctuating, the hash rate hasn’t reduced, in the last four months, it has increased by 100 %. If the trend continues, the cost of mining one Bitcoin could very well cross the value of one Bitcoin itself.

Russian Kaspersky Lab Prevents 100K Crypto Theft Attempts in 2018

Kaspersky Lab said in a report that they had prevented over 100,000 crypto theft attempts since the beginning of 2018. The experts from the firm tracked 1,000 Ethereum wallets where users were scammed to transfer over ETH 21,000, which is the equivalent to about $10 million based on current rates. The report also highlights phishing as another act quite popular to get probable investors email address and then send them an official mail to transfer funds to criminals accounts. The study also states that the success of cybercriminals is dependant on the skillful exploitation of the “human factor.”