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SlowMist reports 80% of X comments related to phishing software

Cybersecurity company SlowMist analyzed social network X for malicious content. Scam sleuths came to the conclusion that over 80% of comments under publications of well-known projects are related to phishing software . In a report by SlowMist, scammers were found to be actively purchasing X accounts to use for scamming purposes. Users are usually sold in the Telegram messenger application, where there is an active market for this category of clients, experts claim. According to the study, attackers are typically offered a wide selection of accounts, among which there are accounts similar to the profiles of well-known crypto projects. Such a “product” may have a different number of subscribers and a long date of registration on the platform. After purchasing an account, scammers use advertising tools to increase trust on the social network. With their help, they increase the number of subscribers, likes and promote their profile on site X. Experts note that such services are off...

Bitcoin price and energy use for mining highly correlated: UN Report

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The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. A recent study conducted by the United Nations (UN) suggested a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. During this timeframe, the crypto ecosystem was undergoing a bull run, and Bitcoin rallied to mark its all-time high of $69,000. The UN report highlighted: “A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network.” At the time, fossil energy sources accounted for 67% of the electricity generated for Bitcoin mining. However, crypto entrepreneurs have ...