Tag Archives for " Mining "

Major Venezuelan Department Store Chain Accepts Cryptocurrency

Economics The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain […]

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The Ledger: Bitcoin Predictions, Tim Draper, Elon Musk Crypto Ads

Two-thirds of The Ledger team—including me and Robert Hackett—were in Lisbon, Portugal last week for the massive Web Summit conference, where we spent much of our time talking blockchain and fintech (in between samplings of the city’s delicious egg tarts, pasteis de nata). I had the opportunity to interview two people who made some of […]

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Cryptocurrency Miners Vanish in Sweden, Leaving Big Electricity Bill

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives. The companies involved have simply disappeared leaving only unpaid bills in their wake. Above the Arctic Circle, Sweden The most northerly Swedish county, over half of Norrbotten’s area lies within the arctic circle. Cool conditions for mining cryptocurrency, […]

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BCH Hard Fork: Bitcoin SV Winning ‘Hash War’ Against Bitcoin ABC

The upcoming Bitcoin Cash hard fork has generates some buzz with pre-fork trading suggesting Bitcoin SV may have the lower price, but more miner support, according to the latest data.  Bitcoin ABC vs. Bitcoin SV The opinions on this BCH hard fork are very different. The community appears legitimately split between the two paths open […]

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Don’t Worry Vitalik, Captain Kirk Has Ethereum’s Back

William Shatner defended Vitalik Buterin against ‘literal scammer’ claims on Twitter this week. The USSS Enterprise’s very own James T Kirk appears to have found a deep love of Ethereum. Vitalik Not a Star Wars Fan? It would appear one of the best ways is simply to say that there is a rumor. You can even admit […]

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Canadian Bitcoin Miner Hut 8 Reports Q3 Loss

Mining Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading […]

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BitFury $80M Funding Round Attracts Galaxy Digital’s Novogratz

Bitcoin mining infrastructure company BitFury Group has closed a private funding round worth $80 million from both global and cryptocurrency-focused investors. Cash To Fund ‘Hardware And Software’ Objectives In a press release November 6, BitFury, which is also rumored to be planning an IPO, revealed Mike Novogratz’s Galaxy Digital to be among the participants in […]

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Should Paraguay invest its energy wealth in bitcoin ‘mining’ or fighting poverty? | Global development

Shotgun-toting guards patrol an anonymous warehouse on the outskirts of Ciudad del Este. Perched on the triple border where Paraguay meets Brazil and Argentina, the melting-pot city is often associated with smuggling, cartels and drugs. But inside, a new hot commodity is piling up by the second. Dozens of dismantled CPUs and internet-connected circuits whirr […]

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Ebang IPO Challenged by Criminal Probe, Plattsburgh Passes New Mining Guidelines

Regulation In recent regulatory news, a criminal investigation may prevent Ebang from conducting an initial public offering, Plattsburgh has passed new regulations governing commercial mining operations, and Ron Paul has endorsed precious metals and cryptocurrencies as a viable alternative to fiat currency. Also Read: Another Token Project Launches on the Bitcoin Cash Network Criminal Accusations Pose Hurdle […]

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Turkish Police Detain 11 Suspects in Bitcoin Theft Case

News The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.   Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates               Hackers Steal $80,000 Worth […]

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