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Chinese Cybersecurity Company Develops Crypto Mining Monitor for Government

News Snapshot:

China’s crackdown on cryptocurrency mining has been swift and heavy-handed over the past few months and the government has decided to leave no stone unturned as it now seeks assistance from cybersecurity giant Qihoo 360 to help track down any instance of crypto mining in the country. The Chinese cybersecurity company took to WeChat to announce a breakthrough system earlier this week through which the company claims to be able to monitor cryptocurrency mining operations and stated that it will be assisting the Chinese government in its mission to weed out crypto mining activities. First reported by Coindesk, Qihoo 360’s…

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