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Tag: cryptocurrency mining

Chinese Police Raid Illegal Bitcoin Miner’s Home, Seize 200 Computers

Category: Altcoins, Bitcoin, Blockchain, Crime, Mining, News

Chinese Police Raid Illegal Bitcoin Miner’s Home, Seize 200 Computers

A private residence in Anhui Province, Eastern China has become the scene of yet another incident of electricity theft in an illegal cryptocurrency mining operation, with a police raid revealing an illicit setup of 200 computers mining bitcoin and ethereum. The story, which was reported in Chinese media is yet another instance of a new and growing category of crypto-related…

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Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, Mining, News, Tech

Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

The cryptocurrency sector has indirectly influenced the fortunes GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners have started to bulk purchase GPU cards to build powerful mining rigs. While the move has augmented both profits and…

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Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

Category: Altcoins, Crime, Mining, News, Regulation

Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

While the entire crypto ecosystem is still trying to find lasting solutions to crypto-related financial crimes such as money laundering, crypto theft, hacks and heists, bad actors keep formulating new ways to benefit from the digital currency revolution at the expense of others. Now, Japan’s security forces have arraigned sixteen people for similar cryptojacking on June 15, 2018. Mining Crypto…

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Estonian Cryptocurrency Mining Startup Seek SEC Approval for $180 Million Initial Coin Offering

Category: Altcoins, Blockchain, Finance, Mining, News, Tech

Estonian Cryptocurrency Mining Startup Seek SEC Approval for $180 Million Initial Coin Offering

At a time when crypto exchanges and bitcoin-related businesses in the US are feeling reluctant to come under the umbrella of the Securities and Exchange Commission, this Estonian startup has audaciously filed with the SEC to raise $180 million via an Initial Coin Offering (ICO). Aiming for the Moon According to a Form D submitted to the SEC, NewTech Myning…

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Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

Category: News

Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

A significant malware trend in 2018 is the relatively new “crypto-jacking,” involving hacker groups infiltrating victim computers to mine cryptocurrencies. The most affected of the lot is privacy-protocol Monero, as research found out. Monero – The Hacker’s Favourite Coin According to a Security Boulevard report on June 13, 2018, over 5 percent of all Monero (XMR) has been mined using…

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Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Category: Business, Mining, News, Tech

Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Application Specific Integrated Chip (ASIC) manufacturer Obelisk has announced their ambitious plan to turn the ASIC-dominated crypto mining industry on its head with the release of the “Obelisk Launchpad,” a new community-focused service. Cryptosphere Is Sick of ASICs The release of Launchpad comes at a time when most significant cryptocurrencies are facing a threat from the burgeoning power of ASIC…

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3 Companies Locking Out Hackers for Good with REMME’s Unbreakable Cybersecurity Platform

Category: Press Releases

3 Companies Locking Out Hackers for Good with REMME’s Unbreakable Cybersecurity Platform

Did you know that 81 percent of hacks happen due to stolen or weak passwords? It takes just ten minutes to crack a six-character, lowercase password. That’s why REMME aims to provide next-gen access protection by making passwords obsolete. It relies on distributed Public Key Infrastructure protocol and a set of DApps on top of it. Rather than creating a…

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China’s Mining Rig Industry Is Still Leading The Way For Bitcoin Miners Worldwide

Category: Altcoins, Bitcoin, Mining, News, Regulation, Tech

China’s Mining Rig Industry Is Still Leading The Way For Bitcoin Miners Worldwide

While the Chinese government is busy shutting down cryptocurrency exchanges and mining farms all across the mainland, the suppliers of Chinese mining hardware have barely felt the heat of the crackdown. Sailing the Rocky Crypto Seas Not just the government’s stringent policy, but the mining hardware industry in the country has also comfortably sailed through high volatility in crypto prices….

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Enel Set to Begin Sales of Green Energy to Cryptocurrency Miners

Category: Business, Commentary, Mining, News, Tech

Enel Set to Begin Sales of Green Energy to Cryptocurrency Miners

According to Renewable Energy World, Europe’s most prominent utility firm by market capitalization Enel is looking to strike a deal that will enable it to sell renewable energy like wind, solar and others to Envion AG, a Swiss-based cryptocurrency company. Win-Win Partnership Enel has always seen the European and Latin American markets as markets with the most potential and is…

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Users Unknowingly Donate CPUs for The Pirate Bay’s Trial of Monero Mining

Category: Altcoins, News, Tech

Users Unknowingly Donate CPUs for The Pirate Bay’s Trial of Monero Mining

Most internet sites generate revenue through advertising. But when you run a pirate website and provide access to films and a whole host of other copyrighted media to the masses, advertising is not a suitable source of revenue. The Pirate Bay has tested an ingenious solution to help keep the website afloat; ‘borrowing’ user’s CPU to mine cryptocurrency, specifically monero,…

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