The Criminal Investigation Service detained an organized Chinese group that was mining cryptocurrencies with cutting-edge computer technology inside an auto workshop, on the expressway, in Luanda.
According to what was revealed, the foreign citizens were accused of crimes of criminal association, money laundering, currency retention, trafficking, possession of prohibited weapons and ammunition and energy theft, using the workshop to explore mining and create cryptocurrencies. illegally.
During the arrest, those involved were found in possession of more than 70 million kwanzas, eight thousand dollars, two firearms, a Glock pistol, with 100 rounds of ammunition, among other means.
BUT: Luanda is the place with the most cryptocurrency mining, reveals SIC
Cryptocurrency mining is the name given to the process of validating and including new transactions in the blockchain, a huge public database that records the history of user movements. As a result, new digital currencies are created.
In other words, mining is responsible for putting more cryptocurrencies into circulation, just like a central bank does when “printing” money. The difference is that, in the case of digital currencies like Bitcoin, there is no authority that manages the process – everything is governed by algorithms.
