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Nvidia Denies Offering False Crypto Mining Data to Investors

Posted on December 10, 2019December 10, 2019 by Rehan Yousaf

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 the case to dismiss the case. Nvidia has detailed their side of the story, stating that the case against them is based on incorrect information…

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

Posted on December 4, 2019December 4, 2019 by Rehan Yousaf

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…

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

Posted on November 29, 2019November 29, 2019 by Rehan Yousaf

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…

Research: Bitcoin Mining Not Environmentally Harmful as Previously Assumed

Posted on November 28, 2019November 28, 2019 by Rehan Yousaf

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…

Security Firm ESET: Hackers Distribute Monero Cryptojacking Malware on YouTube

Posted on November 28, 2019December 11, 2019 by Rehan Yousaf

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…

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

Posted on November 25, 2019November 25, 2019 by Rehan Yousaf

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…

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

Posted on November 23, 2019November 23, 2019 by Rehan Yousaf

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…

Crypto Mining Merger: Northern Bitcoin Combines Forces with Whinstone US

Posted on November 21, 2019November 21, 2019 by Rehan Yousaf

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…

Iran Proposes Rewards to Informers Against Illicit Crypto Mining

Posted on November 17, 2019November 17, 2019 by Rehan Yousaf

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…

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

Posted on November 14, 2019November 14, 2019 by Rehan Yousaf

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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