BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme
50-year-old Joseph Abel pleaded guilty to securities and tax related offenses. Source
Read More
Mining
Tron Foundation Announces Genesis Mining of SUN Token
Being a DeFi community governance token, the SUN token is a ‘meme’ coin designed with encryption and artistic expression in focus.The Tron Foundation has announced the launch of its DeFi governance token dubbed SUN named after the foundation’s CEO Justin Sun. Per the foundation’s open letter to the community about
Read More
Protection Over Profit: What Early Mining Patterns Suggest About Bitcoin’s Inventor
New research from RSK/IOV’s Sergio Demian Lerner reveals that Patoshi, an early Bitcoin miner assumed by many to be Satoshi Nakamoto, mined using an algorithm that was not included in Bitcoin’s first client release.This finding finally explicates why Patoshi’s hashing patterns are so much different than other, early Bitcoin miners,
Read More
Energy Giant Equinor to Cut Gas Flaring With Bitcoin Mining: Report
Equinor will use digital flare mitigation tech from Crusoe Energy at its Bakken oilfield operations in the U.S. Source
Read More
Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia
Over 20 bitcoin mining farms in China’s Inner Mongolia have been stripped of electricity perks after a clampdown by the local government. A document issued by the Department of Industrial and Information Technology of the Inner Mongolia Autonomous Region on Aug. 24, obtained by CryptoX, shows the government agency has required
Read More
Marathon to Buy Fastblock Mining for About $22M in Stock
The company gains 3,304 ASIC miners through the merger. Source
Read More
Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High
Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,102-$11,786.BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.Bitcoin trading
Read More
Botnet Distributed Denial of Service Attacks are Mining for Your Bitcoin
Distributed Denial of Service is known for damaging enterprises for over $2.3 million and negatively affecting the reputation of companies that
Read More
Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan
The 180 megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September. Source
Read More
Ethereum Classic Labs Plans ‘Defensive Mining’ Strategy as Hashrate Plummets
Ethereum Classic’s hashrate has dropped precipitously since January and continues to decline after two successful 51% attacks on the network earlier in August. In light of the vulnerability, Ethereum Classic Labs, self-described as “stewards” of the blockchain, detailed a plan to protect and revitalize the fledgling network in a blog
Read More