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Bitcoin Cash Crunch: Bitmain IPO Makes Crypto Industry Uneasy

Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. Bitcoin Cash Bets As Bitcoinist reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion. дальше »

2018-8-13 14:00


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‘Delusional’ Paul Krugman Says Bitcoin Sets Monetary System Back 300 Years

Cryptocurrency industry figures are reacting with scorn after US economist Paul Krugman likened Bitcoin to “setting the monetary system back 300 years. ” Bitcoin Is No Evolution, Suggests Krugman In an opinion piece for the New York Times July 31, Krugman took aim at the high cost of Bitcoin mining and the “speculatory” nature of its users, claiming it undermined stability compared to fiat currency. дальше »

2018-8-1 19:00


Crypto mining applications are no longer being accepted by the Washington Utility

A customer-owned utilities company in rural Washington has stopped accepting applications for electricity from crypto mining and similar blockchain operations, the Seattle Times reported July 30. The Franklin Public Utility District commissioners (PUD) have approved a moratorium that will allow time for staff to investigate the impact of cryptocurrency mining on the electrical system before дальше »

2018-7-31 10:15


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Cryptocurrency Mining Firm Founder Swindles $35 Million of Investor Funds after Citing Low Profitability and Rising Expenses

The founder of a Vietnamese cryptocurrency firm has allegedly fled after swindling investors to the tune of millions, as reported by VNExpress on July 29, 2018. Millions Stolen Investors and board members of the Ho Chi Minh City-based mining company, Sky Mining, are claiming to be victims of a fraud case after the company’s founder, Le Minh Tam, went missing. дальше »

2018-7-31 09:00


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Cryptocurrency Mining Firm Founder Swindles $35 Million of Investor Funds After Citing Low Profitability and Rising Expenses

The founder of a Vietnamese cryptocurrency firm has allegedly fled after swindling investors to the tune of millions, as reported by VNExpress on July 29, 2018. Millions Stolen Investors and board members of the Ho Chi Minh City-based mining company, Sky Mining, are claiming to be victims of a fraud case after the company’s founder, Le Minh Tam, went missing. дальше »

2018-7-31 09:00


Ripple’s Cory Johnson on XRP versus Bitcoin [BTC] tech, mining in China and more

On 26th July, the Chief Market Strategist of Ripple, Cory Johnson tweeted an Instagram picture of the Fox Business panel and him, prior to his interview with the channel. During the interview, Johnson talked about XRP and its use case in the remittance industry in comparison with Bitcoin [BTC] and Ethereum [ETH]. Starting off with […] дальше »

2018-7-28 08:18


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Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Rockdale, a town in central Texas, has made headlines due to plans of converting their town from mining coal, into mining bitcoin according to local reports on July 20, 2018. Bitmain Invades, Again In a post-industrial society, many areas that relied on the extraction of raw resources such as coal are beginning to face an economic struggle. дальше »

2018-7-27 01:00


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Bitmain reveals their Mining and Shipping policies to share their new ‘Fair and Transparent Ecosystem’

Chinese mining hardware giant Bitmain, one of the leading Bitcoin (BTC) mining firms worldwide, announced its policies for mining practices, according to an official blogpost July 25. The recent list of policies intend to show Bitmain’s commitment to providing a “fair and transparent cryptocurrency ecosystem” in terms of policies for mining hardware shipping as well дальше »

2018-7-26 07:37


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Amidst Bear Market, Crypto Miners Repurpose Mining Equipment

A growing number of cryptocurrency miners are finding other ways to put their equipment to use as depressed digital asset prices make it increasingly difficult to stay afloat in the market. This is the theme of a special report in the Los Angeles Times July 17, 2018, which outlines amongst other things, how a surplus in computing power is making crypto. дальше »

2018-7-20 13:00


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Bitcoin Mining Firm Opens Massive Farm In Canada Despite Declining Prices

On July 16th, Hut 8, one of Canada‘s foremost Bitcoin mining firms, announced that the construction of its newest mining facility was complete. The press release issued by the company states that its new Bitcoin mining facility, located in the small Canadian city of Medicine Hat, has been recently completed, including the recent electrification of […] The post Bitcoin Mining Firm Opens Massive Farm In Canada Despite Declining Prices appeared first on Ethereum World News. дальше »

2018-7-20 00:12


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SEC Stops Kodak-Branded “KashMiner” Bitcoin Mining Scheme

The U. S. Security and Exchange Commission (SEC) has put a stop to a Kodak-branded cryptocurrency mining scheme including a Kodak KashMiner device, the company confirmed on July 16, 2018. The KashMiner “Scam” Spotlite USA, the company behind the product, first put the bitcoin mining computer named Kodak KashMiner on display at the Kodak booth at the Consumer Electronics Show (CES). дальше »

2018-7-19 20:00