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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...
Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US
21.8.2020
Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential...
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...
Hyperblock Bitcoin Mining Servers and Datacenter Infrastructure to Be Auctioned off in Public Sale
20.5.2020
Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased...
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
26.4.2020
Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing...
Hundreds of Darknet Listings Are Selling Masks and PPE Products for Bitcoin
9.4.2020
According to a recent research report written by the blockchain surveillance firm Elliptic, there’s been a massive influx of darknet market (DNM) vendors selling personal protective equipment (PPE) like masks and coronavirus test kits. The spike in medical equipment sales on the invisible...
Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades
16.3.2020
Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff
Crypto Embraces VR as Virtual Conferences Replace Physical Events
12.3.2020
Remote bitcoin events have been boosted by the postponement or cancellation of real world crypto conferences due to the coronavirus outbreak. With many employees now working from home where possible, firms have begun switching to virtual meetings, prompting renewed interest in VR equipment...
Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment
12.2.2020
A key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
9.1.2020
Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks...
Bitcoin Mining Equipment Giant Canaan Fails to Raise USD 100 Million
21.11.2019
The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated.
While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market...
Cryptocurrency Mining Equipment Seized by Ukrainian Authorities from Nuclear Power Plant
22.8.2019
The Ukrainian authorities have seized mining equipment for cryptocurrency from a site of the nuclear power station. As reported by the local media, SBU (the Security Service of Ukraine) has confiscated an optical fiber cable, portion of a network cable, and a media converter on 10th July 2019,...
Authorities Seize Crypto Mining Equipment from Nuclear Power Plant
21.8.2019
Two raids of the South Ukrainian Nuclear Power Plant uncovered GPUs, hard drives, and cooling equipment used to mine cryptocurrencies
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment
12.6.2019
Pan-African insurance firm Old Mutual will not provide coverage for crypto mining equipment due to the unregulated nature of the industry
Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash
2.6.2019
Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan...