Is Egypt Covertly Mining Cryptocurrency on Citizens’ Computers?

The Citizen Lab, an interdisciplinary laboratory at the University of Toronto, published a report on Friday strongly suggesting that Egypt has been mining cryptocurrency secretly on its citizens’ computers. The report explained that Sandvine/Procera Networks Deep Packet Inspection (DPI) devices were used “to covertly raise money through affiliate ads and cryptocurrency mining in Egypt.” Sandvine Corporation was acquired in September of…

Continue Reading

BitFury Suggests Creating More Bitcoins Would Not Effect Value

Bitfury is the world’s largest bitcoin “mining” company, and George Kikvadze is a board member and advisor of BitFury. Kikvadze asserted during an interview on CNBC’s “Squawk Box” that creating more bitcoins would not harm the value of bitcoins. He compared it to when the government simply prints more money. There are currently 12.6 million bitcoins in circulation. However, the…

Continue Reading