Mining Giant Glencore to Trace Cobalt Using ‘Responsible Sourcing’ Blockchain Consortium
Glencore, one of the world’s largest cobalt producers, will use a Hyperledger Fabric blockchain to responsibly source its supply chain. Source
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Mining
Government of Abkhazia to Intensify Identification of Crypto Mining Farms
Abkhazia, an autonomous region in northwest Georgia, is planning to intensify the works on the identification of cryptocurrency mining farms in the region.According to a news release published on the Cabinet of Ministers’ website on Dec. 12, Prime Minister of Abkhazia Valeri Bganba held a meeting dedicated to the
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$722M Crypto Mining Scam ‘the BitClub Network’ Busted; 4 Men Arrested
U.S. Attorney Craig Carpenito announced the arrests of four men who were accused of defrauding investors during an investigation of a crypto Ponzi scheme called the BitClub Network. The fraudulent scheme was based on a whopping $722 million cryptocurrency mining scam.Yes, you’ve been reading it right, seven hundred and twenty
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Wu Jihan Takes Full Control of Crypto Mining Manufacturer Bitmain After Ousting Co-CEO
Just weeks after announcing the departure of the company’s co-founder, Micree Zhan, Bitmain’s chief executive officer Wu Jihan has taken full control of crypto mining equipment manufacturer. Jihan held a private client meeting last weekend for the first time since Micree Zhan left and addressed Bitmain’s executives regarding the company’s
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From Health Care to Mining, Central Asia Stays on the Blockchain Beat
Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in politics and governance.The
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US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme
According to a press release, Matthew Brent Goettsche, 37, of Lafayette, Colorado; Jobadiah Sinclair Weeks, 38, of Arvada, Colorado; and Joseph Frank Abel, 49, of Camarillo, California were indicted on charges of conspiracy to commit wire fraud (Goettsche and Weeks) and conspiracy to offer unregistered securities through their participation in
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Crusoe Energy Systems Builds Gas-to-Computing Crypto Mining Farm
Adding to the increasing number of major cryptocurrency facilities in the global crypto ecosystem, the Denver-based energy company Crusoe Energy Systems is set to launch a new Bitcoin mining farm after raising $70 million.Crusoe Energy Systems is well known for its role in the oil and gas industry. As a
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Nvidia Denies Offering False Crypto Mining Data to Investors
Nvidia, a technology company which designs graphics processing units for games, has been under fire for allegedly having deceived its investors regarding cryptocurrency mining. The company has recently responded by claiming that the case filed against them by the company’s investors is baseless and has asked the US judge handling
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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services.
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MARKETS DAILY: Casualties Ahead in the Cryptocurrency Mining Arms Race
Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is
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