#cryptocurrency mining News

Cryptocurrency Mining Firm Ordered to Return Investors Money

August 4, 2019 by Ashwath Balakrishnan at Regulation

The Texas Securities Commissioner has ordered AWS Mining, a mining firm operating in the state, to repay their investors any money they had put into mining contracts. In Texas, the state securities regulators went on a statewide crackdown of illegitimate cryptocurrency businesses that were soliciting investors from Texas. AWS Mining...

Russian Mining Rig hooked up and investigated

Russian Customs Service Opens Investigation into Illegally Imported ASIC Miners

July 31, 2019 by Ashwath Balakrishnan at Tech

The Russian Federal Customs Service has initiated a probe into DTPK, an importer of Bitmain miners, for submitting falsified documents to customs officials and evading $1.2 million in duties. The false documents had listed a much lower price for the miners and their power elements relative to their market price,...

Iranian Official holding a crypto approved sheet Iran flag green tick

Iran: Cryptocurrency Industry now “Official” in the eyes of the Government

July 23, 2019 by Eddie Mitchell at Regulation

Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U.S., the news arrives in tandem with the government loosely establishing energy rates for cryptocurrency mining,...

Authority man findin a cryptocurrency mining machine

Iranian Authorities Impound 1,000 Bitcoin Mining Machines

June 28, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June...

Bad Actors Hijack Ukraine’s Government System to Mine Monero

June 25, 2019 by Ogwu Osaemezu Emmanuel at Crime, News

Hackers have planted cryptocurrency mining malware on the computers of the Ukrainian State Judicial Administration (SJA), secretly minting privacy-centric monero (XMR) altcoin for over six months, reports Finance Magnates on June 24, 2019. Stealthy Cryptojacking Operation Uncovered Per sources close to the matter, Ukrainian security personnel have discovered a secret...

Android Malware Attack Crying Bug Green Red

Hackers Planting Cryptocurrency Mining Malware on Android Smartphones

June 24, 2019 by Ogwu Osaemezu Emmanuel at Cybersecurity, News

Hackers have found a way to exploit loopholes in open Android Debug Bridge (ADB) ports, a client-server program used in the development of Android applications, to mine blockchain-based digital assets. Once a device gets infected, the bad actors can spread the malware to connected devices via Secure Socket Shell (SSH),...

Scammers Clone Cryptohopper Site to Seed Bitcoin Malware

June 6, 2019 by Ogwu Osaemezu Emmanuel at Crime, News

With the growing ubiquity of bitcoin and other digital assets, bad actors are now working round the clock, trying to formulate near fail-proof ways of stealing the virtual currencies of unsuspecting victims. Now, these “cryptothieves” have cloned the Cryptohopper bitcoin trading platform in a bid to plant various crypto-stealing malware,...

Exploring the Viability of Crypto Mining in the Renewable Energy Future

May 9, 2019 by Tokoni Uti at News

With the world going green, we explore the high cost of crypto mining and if it is sustainable in the long-term. It is no secret that the world runs on energy and for the last few years, there has been a conscious effort all over the globe to make sure...

Hut8 2018 Financial report looking ok mining rig

Mining firm Hut 8 Announces $136 Million Loss in 2018

May 9, 2019 by Ashwath Balakrishnan at Business, Finance, Mining, News

Canadian mining firm Hut 8 Mining has published its financial statements and results for 2018. Hut 8 announced a net comprehensive loss of $136 million, adding to the list of companies negatively affected by the best market, in a press release on May 8, 2018. Results and Loss Profile In...

Satoshi Nakamoto Mining Green Crypto Bitcoin SV Coinbase

Miner with “Satoshi Nakamoto” Handle Gaining Majority on the Bitcoin Cash Blockchain

April 30, 2019 by Ashwath Balakrishnan at Altcoins, Bitcoin, Mining, News

The Bitcoin Cash (BCH) community is preparing itself for another hash war as an unknown miner with Satoshi’s name in the block’s coin base accounts for 44% of current BCH hash rate. A Reddit user posted these findings on April 29, 2019. Siren goes off for Hash War As BCH prepares itself...

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