State employee is arrested for mining at job

IT Manager is held pending trial and with a bail of $5,000
14 March 2018   1409

Today Florida local outlet reported an arrest of Matthew McDermott, an IT Manager  for Florida's Department of Citrus - a state government agency that administers citrus industry. Florida Department of Law Enforcement, according to Tampa Bay Times jailed the state employee for supposedly exploiting office computers to mine cryptocurrency.

Mr. McDermott reportedly was mining bitcoin and litecoin with the department's computers resources, and is charged with grand theft and official misconduct.

FDLE analyzed the utility bills October 2017 through January 2018 and discovered a sudden and significant increase by over 40% - another evidence of the prolific cryptocurrency mining. Moreover, the IT Manager also acquired 24 units of GPU using the office account with the overall charge resulting in approximately $22,000. As GPUs have much faster computing characteristics, that comes at a cost of power consumption - a parallel with the utilities bill surge.

This case follows news of last week reported investigation on another state - Louisiana: Bureau of Investigation had allegedly discovered hardware that could have been used for mining cryptocurrency. In 2017 two similar cases were sighted: Federal Reserve's Office of the Inspector General and New York's Department of Education

Bitfury to Unveil BTC's Lightning Network Tools

An open-sourced LN wallet, software and hardware payment acceptance solutions, etc
23 January 2019   77

Bitfury Group presented a number of tools designed to foster the development of the Lightning Network (LN), CoinDesk reports.

Among them: an open-sourced LN wallet, software and hardware payment acceptance solutions for merchants and payment processing. The company also introduced tools for developers and an open-source LN node called The Peach.

According to Bitfury representatives, all these tools are designed to make working with a second-level network easier and more convenient for companies and ordinary users. New products created by the Lightning Peach team.

By providing these products to the market, Bitfury is encouraging worldwide adoption of this technology and providing unparalleled support to consumers and merchants.

Valery Vavilov

CEO, Bitfury

Among other things, last week Bitfury added support for LN solutions on the BTCBIT cryptocurrency exchange.