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Thai authorities raid illegal Bitcoin mine behind local power outages

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Thai authorities have conducted a raid on an illegal Bitcoin mining operation, uncovering a significant source of power outages in the region. The crackdown, which took place this week, targeted a large-scale, unauthorized mining facility suspected of using an excessive amount of electricity.

Officials from Thailand’s Energy Regulatory Commission (ERC) and local police carried out the operation in response to mounting concerns about the impact of unregulated mining activities on the local power grid. The illegal mine, located in an industrial area, was reportedly consuming power far beyond legal limits, contributing to frequent blackouts and power disruptions in surrounding neighborhoods.

During the raid, authorities seized numerous mining rigs and other equipment used in the operation. The facility, which was operating without the necessary permits or approvals, is alleged to have caused substantial strain on the electrical infrastructure, exacerbating existing power supply issues in the region.

This action is part of a broader effort by Thai regulators to address the challenges posed by unregulated cryptocurrency mining. With the surge in Bitcoin mining activities globally, local governments are increasingly focusing on the environmental and infrastructural impacts of these operations.

Thai authorities have warned that similar illegal activities will face strict penalties, and they are stepping up their enforcement efforts to ensure that all mining operations comply with national regulations and energy consumption limits.

The raid highlights the need for balanced regulation in the cryptocurrency sector, aiming to prevent such unauthorized operations while supporting legitimate and sustainable industry practices.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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