Compute North, Foundry Partner Up – Bitcoin Magazine

Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer M30S mining rigs from MicroBT to be hosted at Compute North’s North American colocation facilities. Compute North will commit 47 megawatts of power to these rigs beginning…

Read More

Titan Announces North American Bitcoin Mining Pool – Bitcoin Magazine

Cryptocurrency mining software provider Titan announced the creation of Titan Pool, a bitcoin mining pool based in North America. An announcement shared with Bitcoin Magazine emphasized the enterprise-grade services that participants in the pool would receive, as well as the importance of its geographic location. “Asia and Europe account for nearly all mining power on the Bitcoin network, with the vast majority of pools based in China,” per the release. “The Titan Pool offers a powerful North American alternative and a way for the continent’s Bitcoin miners to achieve the…

Read More

Ethereum researcher Virgil Griffith files motion to dismiss North Korea conspiracy charge

Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People’s Republic of Korea, filed a motion on Thursday to dismiss the charge against him on the grounds that prosecutors from the Southern District of New York have failed to properly state Griffith’s crime.  Griffith, 37, was arrested by FBI agents on Nov. 28th, 2019 following a presentation at a conference in North Korea in April.  Prosecutors allege that at the conference Griffith rendered services to the North Korean government in the form…

Read More

North Korea’s ‘Bureau 121’ Has an Army of 6000 Hackers

A report unveiled by the U.S. Army reveals that North Korea now has more than 6,000 hackers stationed in countries such as Belarus, China, India, Malaysia, Russia, among others. The operations of four sub divisions are overseen by Bureau 121, the cyber warfare guidance unit of the hermit nation. The report, named North Korean Tactics, suggests the hackers do not exclusively launch cyberattacks from North Korea itself, as the country lacks the IT infrastructure to deploy the massive campaigns. Financial crimes division The “financial crime division” called the Bluenoroff Group…

Read More

Former Ethereum Researcher Seeks a Change of Venue for North Korea Court Case

Ethereum Foundation researcher Virgil Griffith plans to request changes to a court case against him — the result of a trip to North Korea. Griffith “will now seek to get the case moved for lack of venue out of the U.S. District Court for the Southern District of New York,” the Inner City Press said in a July 23 report. Griffith’s court over previous months Griffith faced initial charges from the U.S. District Court for the Southern District of New York in January 2020 for travelling to North Korea where…

Read More

3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet

On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions through the use of digital currencies. Chainalysis Digs Into North Korea’s Relationship With Crypto This week Chainalysis published some findings on cryptocurrency usage in Iran, North Korea, and a Ponzi scheme called Futurenet. Mainstream media…

Read More