Sources: Virgil Griffith Wanted to Ship Ethereum Mining Equipment to North Korea

Sources: Virgil Griffith Wanted to Ship Ethereum Mining Equipment to North Korea

Virgil Griffith, a US citizen, a programmer and a cryptocurrency expert, was arrested last week on the grounds of aiding North Korea in violating international sanctions placed on the country. Now, new report indicates that he had previously told his peers about his plans to arrange a shipment of crypto mining equipment into North Korea to create new Ethereum (ETH)trade coins. According to close sources to Griffith, the 36-year-old Ethereum Foundation employee was working on…

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Bitmain Introduces S17+ and T17+ Antminers: More Efficiency, More Hashrate

Bitmain Introduces S17+ and T17+ Antminers: More Efficiency, More Hashrate

The China-based crypto mining hardware manufacturer, Bitmain, was one of the highlights of the World Digital Mining Summit held in Frankfurt, Germany last month. The company introduced two flagship miners called Antminers T17+ and S17+. The two cryptocurrency miners were introduced to the audience by the co-founder of Bitmain, Jihan Wu. The latest backend of the miners focuses on making massive improvements in terms of energy efficiency and processing power, even better than the S17e…

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Research: Bitcoin Mining Not Environmentally Harmful as Previously Assumed

Research: Bitcoin Mining Not Environmentally Harmful as Previously Assumed

Latest research on consumption of electricity by Bitcoin mining has shown that the release of carbon emissions last year was equal to the carbon emissions produced by the European country of Estonia. These findings show that growing rate of digital currency isn’t as impactful on climate change as assumed before. Previously, it was expected that the carbon emissions released from computing power utilized to solve Bitcoin’s mathematical problems in order to generate more currencies might…

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Security Firm ESET: Hackers Distribute Monero Cryptojacking Malware on YouTube

Security Firm ESET: Hackers Distribute Monero Cryptojacking Malware on YouTube

A recent report published by ESET, a cybersecurity company, has revealed the modus operandi of the Stantinko botnet, which has been distributing a Monero (XMR) cryptocurrency mining module through YouTube without the users’ knowledge or consent (cryptojacking). According to the report, the hackers have been installing malware content on YouTube channels to highjack the computers’ CPU of the victims who are innocently watching videos YouTube. The malware automatically consumes the computational power illegally to mine…

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Aluminum Plant in Russia Turned into Huge Bitcoin Mining Site ‘BitRiver’

Aluminum Plant in Russia Turned into Huge Bitcoin Mining Site ‘BitRiver’

In the cold and dry region of eastern Russia, a former Aluminum refining plant has transformed into one of the largest Bitcoin(BTC)trade mining sites in Russia. The promising features of BitRiver have already started attracting many crypto stakeholders. Japan, China and the United States have already signed up for renting the site to mine digital coins. The former aluminum plant was powered by a sophisticated hydropower infrastructure that made use of ample supply of water…

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Crypto Mining Giant Canaan Raises $90M in IPO, Trading at Bottom Price Range

Crypto Mining Giant Canaan Raises $90M in IPO, Trading at Bottom Price Range

Canaan Creative, computer hardware manufacturer specialized in crypto mining hardware, priced its Nasdaq initial public offering (IPO) at the lowest of its marketed range, and was able to raise $90 million. On Wednesday, the developer of Bitcoin(BTC)trade mining machines based in Hangzhou, China, crossed the 10 million mark in sales of American depository shares that went up for $9 per share (CAN). In the market, the shares offers ranged from $9 to $11, as the…

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Crypto Mining Merger: Northern Bitcoin Combines Forces with Whinstone US

Crypto Mining Merger: Northern Bitcoin Combines Forces with Whinstone US

Big news from the crypto mining industry: the Germany-based Northern Bitcoin has agreed to a merger with Whinstone US, Inc. Whinstone US is already a leading player in creating crypto mining centers with a number of high-profile projects attributed to its name. After the merger, the two companies are poised to overtake many leading Bitcoin(BTC)trade mining enterprises in the world. The CEO of Northern Bitcoin AG, Mathis Schultz, said: “With this merger, we are catapulting…

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Iran Proposes Rewards to Informers Against Illicit Crypto Mining

Iran Proposes Rewards to Informers Against Illicit Crypto Mining

Iran has introduced a new policy, proposing that anyone who shares information about illegal and unauthorized mining of cryptocurrency in the country will receive a bounty. This was surfaced following the country’s new introduced regulations regarding the calculation of price of electricity that is utilized by crypto miners. Iran’s Energy Ministry’s spokesperson announced that anyone who will go on record and expose people who have wielded electricity for the mining of digital currencies will receive…

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Crypto Mining Manufacturer Canaan Sets IPO Share at $9-$11; Seeks to Raise $100M

Crypto Mining Manufacturer Canaan Sets IPO Share at $9-$11; Seeks to Raise $100M

Crypto mining manufacturer Canaan Creative announced that it would endeavor to raise $100 million through its initial public offering (IPO) on the Nasdaq. According a report published by Renaissance Capital, Canaan seeks to distribute 10 million equity shares at a price between $9 and $11. Canaan creative is a cryptocurrency mining manufacturer based in Hangzhou, China. Recently, it approached U.S. Securities and Exchange Commission (SEC) to update its IPO application. Officials at Canaan are hopeful…

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CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the former of exercising intellectual property infringement. MicroBT is a technology company which is focused on different developments related to blockchain and artificial intelligence. It especially…

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