Search
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...
Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving
30.12.2020
Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning...
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
28.12.2020
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital...
Venezuelan Government Signs Agreement to Establish Guidelines for Granting Licenses to Crypto Miners
11.12.2020
The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto mining activities across the country. Venezuelan Government...
Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
1.12.2020
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims...
Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’
30.11.2020
The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip....
Alleged crypto-Ponzi operator arrested after failed sea-scooter escape
18.11.2020
The alleged ringleader of a Ponzi scheme that solicited $35 million for crypto mining and other investments has been arrested after attempting to flee FBI agents using a “sea scooter.”
Grin network hit with 51% attack while GRIN token remains resilient
8.11.2020
An unknown mining group currently controls more than half of the Grin blockchain’s hashing power
Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector
3.10.2020
Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis. Now,...
Former government contractor avoids jail for mining crypto at work
20.9.2020
Just don’t use work resources for personal gain
Ex-Government Employee Narrowly Avoids Prison After Mining Crypto on Supercomputers
18.9.2020
A former contractor for Australian science agency CSIRO was found to have mined around $7,000 in cryptocurrency
Most Attacks on Cybersecurity Firm’s Decoy Servers Aimed at Mining Crypto: Report
14.9.2020
An analysis of 16,371 cyberattacks on Aqua Security "honeypot" cloud servers found the majority of hackers involved mining crypto
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
28.8.2020
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets...
Miners on Decentralised Storage Network Compete For 4 Million Token Prize
23.8.2020
It’s a different kind of Space Race
Venezuela Tells Citizens in Gov’t Houses to Stop Mining Crypto
18.7.2020
The Venezuelan government is set to ban crypto mining in government-provided housing, per an official announcement.
The announcement was made in a video tweeted by state-owned television station VTV Canal 8.
In the video, Ildemaro Villarroel, the Minister of Housing, stated that the central...
Russian Police Arrest Former Post Office Branch Chief For Mining Crypto at Work
31.5.2020
Former chief of Russian Post local branch is arrested on suspicion of running a crypto mining farm inside the office for almost six months
Crypto Long & Short: Mining Derivatives Point to Growing Sophistication
18.5.2020
Noelle Acheson picks apart trends in global interest and trust in crypto asset technology, and revisits the growing financialization of bitcoin mining
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
5.5.2020
Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located...
Baidu Employee Jailed for Mining Crypto on 200 Company Servers
16.3.2020
The search engine developer downloaded monero mining scripts onto 200 of Baidu's servers
Ukraine Justice System Employee Caught Mining Crypto at Work
27.2.2020
The IT staffer is alleged to have illegally mined cryptocurrency and run websites from court administration servers