BitHarp Scam Update: Misleading Specs and Falsified Information

Scam	2019-10-2 15:19

Last week, BTCManager reported that a new mining rig from BitHarp was set to revolutionize mining with an efficiency that is an order of magnitude above anything else in the market. It has come to our attention that this is indeed a fraudulent product offering with vastly deceiving specs and information, October 2, 2019.

With sincerity,Read MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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Источник: btcmanager.com

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Bitharp’s Newest Cryptocurrency Miners are a Resounding Success

New Zealand-based cryptocurrency mining equipment manufacturer Bitharp on September 22, 2019, stated that its two newly released crypto mining rigs – Lyre Miner and Harp Miner – are becoming increasingly popular in terms of return on investment among both, seasoned and amateur digital currency miners.

2019-9-23 11:00	New Zealand
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Bitcoin’s Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

Hash power on the Bitcoin network has been soaring since May of this year. In the last month alone, Bitcoin has gone from a hash rate of 63. 79 million EH/s to 102. 85 EH/s. This massive increase directly signals major interest in mining as the block reward halving approaches with less than a year to go,Read MoreRead More.

2019-9-20 02:00	ethereum
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Moscow: The Blockchain Life 2019 Forum Welcomes 6000+ Attendees and Top Companies at its 4th Edition

Blockchain Life 2019 highlights four significant topics: Blockchain, Cryptocurrencies, StartUps, and Mining. More than 6000 people from 70 countries join the leading forum to discuss the latest trends and all ways of earning money in the crypto market.

2019-9-9 15:26	Sponsored
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Sustainable Bitcoin Mining Bolstered by German Company

Northern Bitcoin AG, a German company specializing in the manufacturing of sustainable infrastructure for cryptocurrency mining, has announced the competition of testing for their newest product: an air-cooled mining container.

2019-9-9 15:00
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Ukrainian Authorities Arrest Bitcoin Miners at Nuclear Energy Plant

Security Service of Ukraine (SBU), the nation’s primary law enforcement authority, has arrested several individuals for illegally mining bitcoin (BTC) and altcoins at the state’s nuclear power plant (NPP), reports RT on August 22, 2019.

2019-8-23 21:00
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China: Massive Floods Shatter Mining Facility in Sichuan Province

According to videos published on Twitter on the morning of August 21 by Poolin, a cryptocurrency mining facility has been severely damaged due to a massive flood that hit China’s Sichuan province in the last weeks.

2019-8-22 23:00
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Report: Researchers Discover New Cryptojacking Malware for Mining Monero

Varonis, a data security and analytics company, has discovered new strains of cryptojacking malware that hijacks a victim’s computer resources to mine monero (XMR), and a mysterious web shell while investigating the cause of a cryptomining infection for a client.

2019-8-15 19:00	XMR
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U.K. Advertising Authority Labels BitMEX Bitcoin Advert as Misleading

As part of efforts to commemorate the 10th anniversary of the mining of Bitcoin’s genesis block, BitMEX placed an advert on the front page of a national newspaper in the U. K. , showing the bitcoin price movement between January 2009 to January 2019.

2019-8-15 11:30
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HIVE Partners With Blockbase to Optimize Mining

HIVE Blockchain has entered into a strategic agreement with Blockbase to be the HIVE’s software and maintenance service provider for mining operations in Sweden, as per a press release, August 13, 2019.

2019-8-14 15:00	sweden
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Blockstream Reveals Secret Mining Project Geared at Improving Bitcoin Decentralization

On August 8, Canadian company Blockstream unveiled Blockstream Mining, a new solution to host and manage Bitcoin mining equipment at facilities located in Quebec and the United States. The project also includes a mining pool based on the BetterHash protocol.

2019-8-10 01:00	United States
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Malaysian Electricity Authority Nab Illegal Bitcoin Miners

Tenaga Nasional Bhd (TNB), Malaysia’s state-owned electricity company has raided 33 buildings illegally using its energy for bitcoin mining operations that gulped RM3. 2 million (roughly $763k) worth of power whereas they only paid a bill of only RM219 ($52), according to a report by local news source, malaymail August 7, 2019.

2019-8-9 17:00
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Maltese Bitcoin Miner Wins Lawsuit Against Mining Equipment Seller

Malta’s Consumer Claims Tribunal (MCCAA) has ordered Dario Azzopardi, a retailer of Bitcoin mining machines to refund $2,239 (€2,000) to a client who claimed that the machine they had purchased from the firm generates a lot of noise and massively consumes electricity, reports Malta Today on August 6, 2019.

2019-8-7 05:00	Malta
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Bitcoin (BTC) Breaks all-time high Network Hash Power

Currently sitting at its all-time high (ATH) of 72. 46 EH/s, the Bitcoin network has literally never been as secure as it has at this moment, as per data from the BTC. com mining pool. Although BTC.

2019-8-6 13:00	Mining
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Around The Block With Jeff And Dave – August 6, 2019

Find out the latest in Bitcoin news. IRAN BAN BITCOIN, Roger Ver QUITS Bitcoin. Com as they launch an Exchange;, Cryptocurrency mining firm ORDERED to refund its investors, more Americans are buying Bitcoin than ever before with $365m+ in Q1.

2019-8-6 01:56	Walmart
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Cryptocurrency Mining Firm Ordered to Return Investors Money

The Texas Securities Commissioner has ordered AWS Mining, a mining firm operating in the state, to repay their investors any money they had put into mining contracts. In Texas, the state securities regulators went on a statewide crackdown of illegitimate cryptocurrency businesses that were soliciting investors from Texas.

2019-8-4 13:19	texas
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Bitcoin Mining Plant in Colorado Keeps Neighbors Awake at Night

The City of Colorado Springs is facing complaints about a mining plant who is struggling to comply with the city noise ordinance. This according to a report from Colorado Springs Independent, July 24, 2019.

2019-7-25 13:00	Cryptocurrency
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Iran: Cryptocurrency Industry now “Official” in the eyes of the Government

Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U.

2019-7-23 02:18
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Iran to set Electricity Tariffs for Bitcoin Mining

Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019.

2019-7-23 19:00	Иран
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Former Bitmain CEO Jihan Wu Unveils New Cryptocurrency Startup

According to a report by Bloomberg on July 8, 2019, former Bitmain co-founder and CEO, Jihan Wu, unveiled a new cryptocurrency startup that would offer over-the-counter (OTC) trading and lending services.

2019-7-9 13:00
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Amid Strengthening Fundamentals, Bitcoin’s Best Is yet to Come

Bitcoin’s (BTC) hash power just crossed 65 EH/s to break its previous high for network hash power. Unspent transaction outputs (UTXO) have also been steadily rising, along with mining revenue on BTC higher than ever, and the bull cycle is only just starting.

2019-6-30 21:00
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Iranian Authorities Impound 1,000 Bitcoin Mining Machines

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June 28, 2019.

2019-6-29 01:00	Иран
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Bad Actors Hijack Ukraine’s Government System to Mine Monero

Hackers have planted cryptocurrency mining malware on the computers of the Ukrainian State Judicial Administration (SJA), secretly minting privacy-centric monero (XMR) altcoin for over six months, reports Finance Magnates on June 24, 2019.

2019-6-25 21:00	XMR
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New Rate for Energy Consumption in Colorado Raises Doubts over Crypto Mining

Colorado has guaranteed the emission of low-cost energy to large industrial or commercial customers. The new legislation, however, raises questions about how the cryptocurency mining industry might hurt the state’s clean energy goals.

2019-6-25 11:00	Regulations
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Hackers Planting Cryptocurrency Mining Malware on Android Smartphones

Hackers have found a way to exploit loopholes in open Android Debug Bridge (ADB) ports, a client-server program used in the development of Android applications, to mine blockchain-based digital assets.

2019-6-24 17:00	security
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India’s Anti-Crypto Stance is Boosting its Bitcoin Trading Value

India is continuing its battle against cryptocurrencies. Nevertheless, after a supposed draft bill to ban cryptocurrency in India and up to ten years in jail for mining, holding, or using crypto, the government is not seeing the expected results.

2019-6-24 01:00	Regulation
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Bitmain Resurrects IPO Plans amidst Bitcoin Price Surge

Bitcoin mining behemoth, Bitmain, may likely revive its initial public offering (IPO) plans following bitcoin’s price surge. According to a Bloomberg report on Jun 21, 2019, the company this time around, would be making its filing in the United States instead of Hong Kong.

2019-6-22 17:00	BTC
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28 Ethereum EIPs Are Preparing for Istanbul Hardfork

Ethereum’s developers are working to deploy another hard fork called Istanbul. At the moment, there are 28 proposals (EIPs), which include changes to the mining algorithm, code execution, pricing mechanism, and data storage process.

2019-6-18 01:00
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Russia Contemplates Ban on Mining Public Blockchain Tokens

In an interview with a Russian media outlet, Chairman of the State Duma Committee on Financial Markets, Anatomy Aksakov, revealed that Russian lawmakers might potentially introduce a penalty for mining cryptocurrency on an open blockchain, as reported by Finance Feeds on June 10, 2019.

2019-6-11 19:00	Russia
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India’s Crypto Ban: Breaking Down the FUD

A recent article by Bloomberg Quint reveals pictures of a supposed draft for a bill to ban cryptocurrency in India and offer a 1-10 year jail term for mining, holding, or using crypto. The India crypto community outraged at this speculation as it was published without citing a legitimate source, June 7, 2019.

2019-6-7 20:15
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Jihan Wu’s Bitcoin Trading and Custody Firm to Launch in July

Matrix, the bitcoin trading and custodial platform co-founded by the ex-employees of bitcoin mining heavyweight, Bitmain, including Jihan Wu, is reportedly set to commence operations within a month and the firm will also offer over-the-counter (OTC) trading, as well as crypto-backed lending service to its clients, according to The Block on June 5, 2019.

2019-6-7 09:00
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Iran’s Skyscraper Combines Bitcoin Mining with Vertical Water Park

While the sanctions imposed on Iran by the United States has undoubtedly taken a severe toll on the nation’s economy, the embargo has also stimulated the creativity in Tehran civil engineers. According to June 3, 2019, reports from ArchDaily, they have now built an innovative skyscraper that doubles as a cryptocurrency mining facility and aRead MoreRead More.

2019-6-5 17:00	Regulations
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BlackSquid Malware Exploiting Web Servers to Mine Monero (XMR)

Cybersecurity researchers have discovered BlackSquid, a new malware family that exploits unpatched loopholes in web servers, network drives, and removable drives to mine privacy-centric monero (XMR), according to a TrendMicro report on June 3, 2019.

2019-6-5 09:00	XMR
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Monero Hard Fork: Battling Mining Centralization with ASIC Resistance

The anonymous cryptocurrency Monero plans to carry out a hard fork to make the network resistant to ASIC miners in an attempt to promote network decentralization. The erstwhile Cryptonight algorithm is likely to be removed in favor of RandomX to keep mining centralization at bay, June 4, 2019.

2019-6-4 17:00	XMR
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How Qu’s Industrial History Is Making Way for Bitcoin Mining

The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste.

2019-5-24 21:00	Regulations
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Australian Worker Faces Jail Term for Illegal Bitcoin Mining

Despite the fact that the price of bitcoin and other digital assets are just trying to recover from the winter of 2018, the crypto fever remains as hot as ever. Now, the Australian Federal Police (AFP) have charged a 33-year-old Sydney man for illegally mining cryptos with the federal government agency’s computers, reports local newsRead MoreRead More.

2019-5-22 11:00	Mining
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Hackers Exploit Confluence Vulnerability to Plant Crypto Mining Malware

As bitcoin (BTC) and other digital assets keep growing in value and use case, cyberpunks are also upping their game with each passing day, formulating new ways of enriching themselves with ‘dirty crypto.

2019-5-13 17:00	monero
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Exploring the Viability of Crypto Mining in the Renewable Energy Future

With the world going green, we explore the high cost of crypto mining and if it is sustainable in the long-term. It is no secret that the world runs on energy and for the last few years, there has been a conscious effort all over the globe to make sure that the energy being usedRead MoreRead More.

2019-5-10 01:00
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Mining firm Hut 8 Announces $136 Million Loss in 2018

Canadian mining firm Hut 8 Mining has published its financial statements and results for 2018. Hut 8 announced a net comprehensive loss of $136 million, adding to the list of companies negatively affected by the best market, in a press release on May 8, 2018.

2019-5-9 18:00	Mining
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The Malware that Hacks Computer Servers to Mine Cryptocurrency

In an exclusive report to TechCrunch, Boston-based security firm, Threat Stack, revealed the discovery of a new variation of the Shellbot malware that was capable of breaking into crypto miners’ computers and using their resources to mine cryptocurrencies.

2019-5-3 09:00	XMR
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Meet the New King of GPU Mining

Tech Radar reports the new AMD Radeon VII graphics card is able to achieve a hash rate of 90 MH/s. The highest GPU hash rate prior to this was 69 MH/s on the AMD RX Vega 64. This is expected to greatly affect the efficiency of Ethereum mining.

2019-5-2 01:00	Mining
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3,000 Attendees Gathered at Blockchain Life Forum in Singapore

On April 23 to 24, 2019, more than 3,000 attendees from 70 countries gathered in the world’s blockchain capital — Singapore. Top crypto companies (Binance, Huobi, Listing. Help, crypto messenger ELVN and others), world famous experts (Tim Draper, Roger Ver, Alex Reinhardt and others), mining giants (Bitmain, Btc.

2019-4-28 21:00	Sponsored
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Bitfury Join Forces with Final Frontier to Launch Bitcoin Mining Fund

Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24, 2019.

2019-4-25 01:00	Mining
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China Bitcoin Mining Ban Could Take Years to Implement

The reports of China looking to ban Bitcoin mining could take many years to implement. However, the proposed plan is further proof of Beijing’s anti-cryptocurrency stance as the country appears to eliminate all forms of crypto-related activities.

2019-4-9 14:20	Regulations
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Crypto Mining Firms Must Invest in Green Energy, Says Montana County

In a pushback against power-heavy crypto mining, it has been reported on April 4, 2019, that the Montana County of Missoula has passed a motion requiring all new crypto mining projects to invest in renewable energy.

2019-4-8 13:00
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Bitcoin Mining Firm Hut 8 Lays Off More Employees

Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operationsRead MoreRead More.

2019-4-7 15:00	News
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Japan: SBI Holdings Announces Entry into Crypto Mining Chips Business

Japan-based financial services giant SBI Holdings on March 22, 2019, announced that it has established a new cryptocurrency mining sister company named SBI Mining Chip Co. Ltd. (SBIMC). The newly christened company will manufacture and develop crypto mining chips and mining equipment.

2019-3-24 22:00
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Nvidia Hopes to Increase Profits after Selling Crypto Mining Inventory

Hope might be on the horizon for Nvidia, as the chip maker is on track to sell off all their built up inventory by the first quarter of 2019 according to a March 19, 2019 report. Clearing Stock and High Hopes When the crypto winter came fell upon the industry in 2018, it touched everyRead MoreRead More.

2019-3-22 22:00	Nvidia
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Banks May Refuse Deposits from Crypto Firms, Says Israeli Court

An Israeli court has ruled that Union Bank of Israel cannot close the bank account of a crypto mining firm but can refuse certain deposits, as reported on March 17, 2019. Illegal Closure Despite consistent collaborations with various banks around the world, the blockchain industry has continuously faced the challenge of not being able toRead MoreRead More.

2019-3-19 22:00	Regulations
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The Rise of Cryptojacking: Prevent it, Detect it and Recover from the Malware

As cryptocurrencies grew in acceptance as well as value and cryptocurrency mining became a lucrative business, cryptojacking has become the latest jackpot for cybercriminals. Thousands of websites globally that are operated by government agencies and the most recognized organizations are compromised by malicious con artists who harvest their victims’ CPU power for covert mining operations.

2019-3-16 12:00
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From Russia With Fraud: ‘Crypto Queen’ Diverts Funds To Ukrainian Army

A detained social media influencer could be heading to a Russian penitentiary and staying there for about 10 years to live out her sentence for committing crypto fraud. Valeria Fedyakina, dubbed the “Crypto Queen,” is at the center of multiple charges of large-scale swindling activities that reportedly included funding the Ukrainian military amid the ongoing […]

$1.7M Lost In Bedrock DeFi Exploit Amid Rising Crypto Hacks In 2024

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Binance Says It Helped India's Enforcement Directorate Trace $47.6M Related to a Gaming Scam

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Crypto scammer pleads guilty to AI trading bot scam

A cryptocurrency scammer has pleaded guilty to defrauding multiple individuals by promising lucrative gains via an artificial intelligence-powered trading bot. According to a report from 5news, Kolin Lukas Deshazo, a resident of Springdale, California, orchestrated a cryptocurrency investment scam involving…

Accidental $6.8m transfer lands Crypto.com user in prison

After a two-year trial, Jatinder Singh has been sentenced to three years in prison following a case in which Crypto.com accidentally sent him over $6.5 million. In a high-profile case involving one of the world’s leading crypto exchanges, an Australian…

Canadian regulator finds crypto platform ezBtc diverted over $9m in assets

The B.C. Securities Commission has ruled that the crypto platform ezBtc defrauded its customers, diverting $9.4 million to gambling, personal use. A panel from Canada‘s British Columbia Securities Commission has found that a crypto trading platform based in British Columbia,…

Crypto scammers target Indian doctor via ‘drugs in parcel’ scam

A doctor in India was duped by crypto scammers into transferring funds worth over $35,000 as a part of a drugs-in-parcel scam. According to reports from local media, the victim, a resident of the state of Maharashtra, received a call…

2019-10-2 15:19

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