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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: mining

McAfee Labs Report: Crypto-Jacking Malware Mining Several Coins on Host System Detected

Category: Blockchain, Crime, Finance, Mining, News, Platform

McAfee Labs Report: Crypto-Jacking Malware Mining Several Coins on Host System Detected

A report submitted by McAfee researchers on November 12, 2018, claims that a new crypto mining malware capable of mining different cryptocurrencies depending on the host’s system is on the loose. Russian Malware Attacks Global Networks Crypto-jacking malware and its attack vectors are becoming more efficient by the day. A new Russian malware that mines different cryptocurrencies based on the…

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EXMO Cryptocurrency Exchange To Be Acquired By Canadian Firm

Category: Altcoins, Blockchain, Ethereum, News, Platform, Tech

EXMO Cryptocurrency Exchange To Be Acquired By Canadian Firm

GoverMedia Plus Canada Corp., a Canadian publicly traded firm with a wholly owned Russian subsidiary that offers clients e-commerce, auctions, cryptocurrency related services and more, has signed a letter of intent (LOI) for the acquisition of EXMO cryptoassets exchange and trading platform, according to a news release by the firm on November 13, 2018. GoverMedia Signs LOI With EXMO Exchange…

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Ether Mining no Longer Profitable as Hashrates Decline

Category: Altcoins, Blockchain, Ethereum, Mining, News, Platform, Tech

Ether Mining no Longer Profitable as Hashrates Decline

Mining the cryptocurrency ether (ETH) using high-powered computer systems is no longer profitable, stated a CNBC report on November 13, 2018. Individual Mining no Longer Profitable If a recent report by CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no longer a profitable one. Crypto enthusiasts will remember the euphoria…

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Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies

Category: Bitcoin, Business, Finance, Mining, News, Regulation

Swedish County Battles with Unpaid Electricity Bills Left by Bitcoin Mining Companies

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018. Crypto Mining in Sweden Stalls as Companies Bail The prolonged bear market of 2018 appears to have affected two cryptocurrency mining operations in the…

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Report: Cryptocurrency Mining Attacks Likely to Surge in the Future

Category: Altcoins, Bitcoin, Business, Mining, News

Report: Cryptocurrency Mining Attacks Likely to Surge in the Future

Kaspersky Lab’s cyber threat and research arm Securelist published a report on November 13, 2018, which provides details on the rising trend of cyber attacks on cryptocurrency exchanges in Q3 2018. The report also mentions prominent cyber attack groups including Lazarus as well as observing massive growth in crypto mining attacks. Q3 2018 Crypto Attack Trend The notorious cyber hacking…

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Competing Bitcoin Cash Forks Show Differing Outcomes; Miners Support SV while Traders Side with ABC

Category: Altcoins, Blockchain, Development, Exchange, Mining, News

Competing Bitcoin Cash Forks Show Differing Outcomes; Miners Support SV while Traders Side with ABC

Ahead of Bitcoin Cash’s (BCH) impending fork on November 15, 2018, miners maintaining the network may be taking two different paths for the protocol if data from Coin Dance is considered. Competition in Decentralization The two teams, Bitcoin ABC and Bitcoin SV, led by Bitcoin Cash proponent Roger Ver and CoinGeek CEO Calvin Ayre respectively, are engaged in a fierce…

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Israeli Cryptocurrency Mining Firm Files for Canadian IPO after 6,500 Percent Gains in Tel Aviv Stock Indices

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Israeli Cryptocurrency Mining Firm Files for Canadian IPO after 6,500 Percent Gains in Tel Aviv Stock Indices

Last week, cryptocurrency mining company Bitfarms filed a preliminary prospectus with the Ontario Securities Commission (OSC) in a bid to offer public shares on one of Canada’s most prominent bourses, reported Calcalistech on November 12, 2018. Shifting to Booming Canada Bitfarms CEO Wes Fulford noted Canada has “one of the most active public markets” in the burgeoning blockchain sector, with…

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Japan: GMO Internet Reports Record-High Performance for its Crypto-Related Businesses

Category: Bitcoin, Blockchain, Ethereum, Mining, News, Platform, Tech

Japan: GMO Internet Reports Record-High Performance for its Crypto-Related Businesses

Japan’s IT behemoth GMO published its Q3 2018 financial report on November 12, 2018, which reveals the company’s “historical performance” in its cryptocurrency business line. According to the report, the firm’s crypto segment earned revenue more than JPY 2.6 billion ($22.8 million) “despite the harsh external environment.” Crunching the Numbers The report shows promising figures for the Japanese internet company….

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Bitcoin Mining May Trigger the End of Paraguay’s Economic and Debt Crisis

Category: Bitcoin, Blockchain, Ethereum, Exchange, Mining, News, Tech

Bitcoin Mining May Trigger the End of Paraguay’s Economic and Debt Crisis

Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners. Giving Rise to Meaningful Industry In the city of Ciudad del Este, which is guarded by patrol teams by virtue of its close border proximity to Brazil and Argentina,…

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Crypto Exchange BTCC Shutting Down its Mining Pool Business

Category: Altcoins, Blockchain, Exchange, Mining, News, Platform, Tech

Crypto Exchange BTCC Shutting Down its Mining Pool Business

After four years of operation, Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, the company announced on their website on November 6, 2018. Mining Company BTCC Pool Shut Down Indefinitely A major crypto exchange based in Hong Kong has announced that it will be shutting down its mining pool business. BTCC crypto exchange,…

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