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Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
10.7.2020
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....
Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining
10.7.2020
The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States?
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
10.7.2020
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him
Switching Bitcoin to 100% ASIC Mining Could Increase Security 2000X
10.7.2020
ASIC miners are the best option for Bitcoin network security well into the future, new research has found
Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion
9.7.2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police...
BitClub Programmer Admits Mining Scheme Stole $722M in Bitcoin
9.7.2020
The Romanian programmer pleaded guilty to wire fraud and the offer and sale of unregistered securities
Bitcoin Miner Maker Canaan Drops 3 Directors in Possible Boardroom Coup
9.7.2020
Sources speaking to Chinese media said a dispute at Canaan Creative has led to a power grab by now-Executive Director Nangeng Zhang
BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom
9.7.2020
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin
Researcher: Exchanges Could Fight Hackers By Renting Mining Power
9.7.2020
A researcher suggested that exchanges could “rollback” hacks by renting mining power from online marketplaces
Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines
8.7.2020
Venezuelan authorities confiscated 315 Bitcoin mining systems
Venezuelan Soldiers Stop Truck Full of Antminer 9 Bitcoin Mining Rigs
8.7.2020
The intercepted truck. Source: Twitter/@GNB_CZBolivar
The Venezuelan military says it has intercepted a truck full of 315 cryptocurrency mining rigs.
Per a tweet from the army’s official account, which also posted photos of the Chevrolet 350 truck – and its illegal cargo – the driver was unable...
Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain
8.7.2020
A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd
Liquidity Mining is 'Like Uber' Giving Shares to Early Drivers & Riders
7.7.2020
DeFi's latest hit is yield farming with millions of dollars worth of tokens distributed each month. It's boosted by liquidity mining, which today is like Uber giving shares to early drivers and riders, argued a researcher.
DeFi (decentralized finance) commonly refers to the protocols, digital...
Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
7.7.2020
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details
Iran Gives Crypto Miners One Month to Register With the State
6.7.2020
The government wants to "eliminate the confusion of cryptocurrency activists" with its call for mass mining registration
Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining
4.7.2020
“The vulnerability does not allow the stealing of RVN or assets that you own and control, but the minting did create RVN that should not exist,” said developer Tron Black
Vulnerability in Ravencoin Creates Extra 1.5% of Maximum Supply for Hackers
3.7.2020
An issuance vulnerability resulted in the creation of an extra 5% of Ravencoin’s current supply
Multibillion Investor Doubles Down on Bitcoin Mining
3.7.2020
US-based multibillion investment manager Horizon Kinetics (HK) just doubled down on its Bitcoin (BTC) mining strategy.
After tripling the number of miners it hosts with Core Scientific (CS), a US-based blockchain hosting provider, HK has now agreed to upgrade the miners to the Antminer S19 and...
Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
3.7.2020
While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%
$5.3b Asset Manager Invests in US-Hosted Antminer S19s
3.7.2020
Two weeks after announcing it had purchased a record 17,595 Antminer S19 ASICs, Core Scientific has announced an expanded partnership with a multi-billion hedge fund