, , , , , , , ,

Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes…
, , ,

New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus…
, , , , , ,

Bitmain, Canaan, and Ebang International Prepare for IPOs

Three of the largest cryptocurrency mining hardware manufacturers are preparing to launch initial public offerings (IPOs) in Hong Kong. However, the crypto price slump and regulatory issues could negatively impact on the success of said offerings. Is…
, , ,

Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup

Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday. Bitmain Expands its List of Portfolio Companies The new investment will see…
, , ,

Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts

As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services. Genesis…
, , , , , , , , , , , , , ,

Students are Mining Bitcoin in University Dorms, Campuses are Alert

While Bitcoin mining — which is the backbone of many public blockchains —  is often left to the operators of data centers, some university students have begun to try their hand at running their own, in-dorm mining efforts. Bitcoin Mining…
, , , ,

Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion

Canada-based DMG Blockchain Solutions has launched the installation of an 85-megawatt substation for crypto mining expansion, according to an official statement July 26. The DMG crypto mining operation will be implemented on an industrial scale…
, ,

New Mining Pool Vows to Enhance Profitability While Reducing Power Consumption

A startup blockchain company, with a team featuring former executives from Samsung Electronics, have unveiled plans to invigorate the way cryptocurrency mining is performed – creating an infrastructure designed to enhance profit and help…
, , , , , , , , , ,

New York State Approves a Bid to Provide Cheaper Electricity to Crypto Miners

Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity consumers — the state of New York has approved a bid to provide…
, , ,

Floods in China Heavily Damage Major Crypto Mining Operation

Recent floods in the Sichuan province of China have reportedly resulted in heavy damage to a major cryptocurrency mining operation in the area. The news was published on a local blockchain and crypto information platform Golden Finance (金色财经)…