Tag Archives for " Mining "

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 […]

Continue reading

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 […]

Continue reading

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. […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

New Bill Clarifies Crypto Taxation in Poland

Taxes A new draft introducing amendments regarding the taxation of crypto incomes has been published in Poland. The bill differentiates between decentralized cryptocurrencies and centralized virtual money, and clarifies the tax regime applicable to crypto trading and mining.   Also read: Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened Draft Distinguishes Between Cryptos and Centralized […]

Continue reading

Bitcoin Mining is Big Business in Montana: US Senator Works to Protect Industry

Mining Bonner and Butte, Montana are home to two of the largest bitcoin mining facilities in North America. They’re also subject to a major energy producer in the state, the Colstrip power plant, which is due to be shut down. Bitcoin mining has become such a potential windfall for the state economy, one of its […]

Continue reading

EXCLUSIVE: 3D Gun Proponent Cody Wilson Defiant, Offers Firearm Blueprints for Sale

Featured In an exclusive interview with Matt Aaron of the Bitcoin.com Podcast Network, Cody Wilson of Defense Distributed explains how he planned all along to defy US lawmakers. The same US District judge who last month prevented Mr. Wilson and his company from publishing 3D firearm blueprints online for free download has issued a more […]

Continue reading