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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....
Bitmain Confirms Ousting of Micree Zhan, Threatens Legal Action
27.5.2020
Bitmain issued statements saying that Micree Zhan has been ousted and threatened him and employees supporting him with legal action for not complying
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
23.5.2020
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s...
Nvidia Disguised $1B in ‘Fickle’ Crypto Mining Sales as Gaming Revenue, Lawsuit Claims
19.5.2020
An amended lawsuit accuses the chip maker of concealing $1 billion in graphics processing unit sales to crypto miners to downplay risk to long-term profits
Microsoft Patents New Cryptocurrency System Using Body Activity Data
29.3.2020
Microsoft has patented a cryptocurrency mining system that leverages human activities, including brain waves and body heat, when performing online tasks such as using search engines, chatbots, and reading ads. “A user can solve the computationally difficult problem unconsciously,”...
Thousands of These Computers Were Mining Cryptocurrency. Now They’re Working on Coronavirus Research
19.3.2020
CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus. These graphics processing units (GPUs) will be pointed toward Stanford University’s Folding@home,...
Bitmain’s Market Dominance Challenged by MicroBT
18.2.2020
The Bitcoin mining unit manufacturer rapidly expanded its market share in 2019
Cybercriminals Hide Crypto Mining Script Behind Kobe Bryant Wallpaper
31.1.2020
Cybercriminals have been capitalizing on fans’ grief by hiding malicious coin mining scripts in Kobe Bryant desktop wallpaper
Has Quebec Missed the Ship for Attracting Cryptocurrency Miners?
23.1.2020
An uncertain regulatory regime regarding power distribution in Quebec has apparently drove crypto mining firms out of the province
A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners
8.1.2020
A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub
Bitmain to Launch the World Digital Mining Map This October
27.9.2019
During the World Digital Mining Summit (WDMS) - which will take place in Frankfurt on 8-10 October - Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).
The post Bitmain to Launch the World Digital Mining Map This...
5 Key Concepts from Day One at Bitcoin Cash City
5.9.2019
With day one of North Queensland’s Bitcoin Cash City all wrapped up, conference attendees were left with an overflow of big ideas to distill, process, and potentially integrate. These include underwriting merchant adoption, building tech parks and mining operations, BIP70 applications...
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
7 Unorthodox Ways to Mine Bitcoin
20.7.2019
Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest...
Australian Man Mined Bitcoin From Government Computers; Can Face Prison For 10 Years
22.5.2019
The increasing interest of people in Bitcoin is not surprising given the global popularity the #1 cryptocurrency enjoys. An Australian man based in Sydney, however, took his love for Bitcoin mining to another level. He tweaked the government IT systems to utilize them for Bitcoin mining...