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Is Seneca Lake Being Warmed By Bitcoin Mining? Not Quite.

Greenidge Generation has made millions of dollars mining somewhere between 3.8 to 4 Bitcoin per day at its Dresden, NY facility. Critics have argued the facility damages the local environment, and even undermines New York State’s climate goals. Last week brought further controversy for Greenidge, after NBC News reported on claims that Seneca Lake—which is …

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Ransomware Attackers Made Off With $33M in Bitcoin This Year

Hackers behind ransomware attacks have raked in about $33 million worth of Bitcoin since the start of the year, data by Ransomwhere shows. This amount can rise dramatically should Russian-speaking cybercrime syndicate REvil receive the $70 million it demanded from some 200 US companies hit by a massive ransomware attack earlier this month. A relatively …

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Tether Is Hiring a ‘Reputation Manager’

Tether Operations, the company behind the Tether stablecoin (USDT) that purports to be fully backed by U.S. dollars, is looking for a reputation manager.  The primary duty for the successful candidate is to “Become an advocate for the company in social media spaces, engaging in dialogues and answering questions where appropriate,” according to the listing, …

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FinCEN Appoints First Chief Advisor for Crypto

The United States Treasury’s Financial Crimes Enforcement Network (FinCEN) is upping its focus on cryptocurrency. Michele Korver, who previously worked for the Department of Justice, will be FinCEN’s first Chief Digital Currency Advisor, the government agency said today in a statement. Korver will work to prevent “illicit financial practices and exploitation,” according to FinCEN, which …

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