Tag Archives for " Mining "

Europol: Terrorists Still Use Banks, Fail To Abuse Cryptocurrencies

A new assessment by Europol this week reveals a growing schism between the use of cryptocurrencies by terrorists and other criminals. No European Terrorist Attacks Leveraged Crypto Funds In its Internet Organized Crime Threat Assessment (IOCTA), the organization highlights that while the use of Bitcoin in particular by cybercriminals is growing, terrorists still prefer conventional […]

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The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub

The Daily Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are “perfect” and must be understood; trying to better understand the crypto space, Cyprus has set up […]

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Czech Prime Minister Accuses Pirate Party of Mining Bitcoin

Bitcoin mining became the subject of an unexpected political clash in the Czech Republic. The Prime Minister accused his opposition, the Czech Pirate Party, for doing nothing useful in the IT sector other than mining Bitcoin. Ordinary Political Skirmishes According to Czech publication Hospodářské Noviny (“Economic Journal”), Czech Pirate Party member Jakub Michalek questioned Prime […]

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Iceland’s ‘Big Bitcoin Heist’: Suspects Charged With Over $2M in Stolen Mining Rigs

News Police in Iceland charged seven individuals for conspiracy, burglary, and theft for stealing from the region’s mining facilities. Iceland prosecutors are charging the suspects with over $871,000 in stolen goods, but the group of individuals are also being sued for $1.7 million in damages from three separate mining firms. Also read: James Bond-Like Villain in […]

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Japan’s GMO Launches Live Crypto Trading Platform, Adds Mining Facilities

Exchanges Japanese internet giant GMO has launched a live crypto trading platform via its subsidiary GMO Coin. This is the company’s third crypto exchange and trading service. Meanwhile, the group has established more mining facilities and has mined almost 3,000 BTC and over 660 BCH so far. Also read: 160 Crypto Exchanges Seek to Enter Japanese […]

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Iran Recognizes Cryptocurrency Mining as Industry

Iran has purportedly accepted cryptocurrency mining as an official industry. According to a high-ranking official, all related institutions have already agreed on it. A Breath of Fresh Air Iran has historically been fairly controversial in its stance towards cryptocurrencies. As Bitcoinist reported in April, the country banned banks from touching Bitcoin as well as other cryptocurrencies. […]

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Washington Mining Enclave to Be Hit with Increased Power Costs

Low energy prices from the local hydroelectric plant attracted many cryptocurrency miners to Grant County, Washington. But it seems like the gravy train may soon hit the buffers as authorities announced a series of price hikes. Evolving Industries International Business Times reports that a late-August meeting saw the Grant County Public Utility District (PUD) vote-in […]

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Did you forget about bitcoin? Here’s what’s going on

Leading cryptocurrency bitcoin BTCUSD, -0.13%   has been experiencing quite the extended hangover this year. After steadily climbing through the first three quarters of 2017 from a low of $776 in January, it partied hard at the close of the year, spiking from $4,395 at the start of the fourth quarter to a high of $19,343 in […]

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Anything Besides Bitcoin is ‘Useless’ – Tone Vays and Nouriel Roubini Square Off

David Drake, founder of LDJ Capital, was the moderator for a match up between Nouriel Roubini and Tone Hays. Drake was quick to note Roubini’s prediction of the 2008 economic crisis.  In the discussion, Roubini notes that his experience in blockchain stems from his ability to see a bubble when it exists. Vays responded with his outlook […]

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