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Mining Giant Bitmain Sues Unknown Hacker for Alleged Theft of $5.5 Million in Crypto

China-based Bitcoin (BTC) mining giant Bitmain has sued an anonymous hacker for the alleged theft of cryptocurrency worth $5.5 million from Bitmain’s account on Binance in April, according to a lawsuit filed with the U.S. District Court for…
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Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations

The city of Ephrata, Washington, will halt new crypto mining developments in the city for the next 12 months, Eastern Washington and North Idaho daily newspaper The Spokesman Review reports Friday, Oct. 19. The recently announced suspension…
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Is Demand For Bitcoin Mining in Decline? Chip Maker Slashes Target

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest dedicated independent chipmaker, has predicted a drop in demand from the cryptocurrency mining community in the fourth quarter this year. The growth target of 7 to 9 percent…
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Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows

Bitcoin (BTC) miner revenues for the first six months of 2018 have already surpassed results in 2017, but the miners themselves see little profit, weekly crypto outlet Diar reports Monday, October 8. As per the Diar report, the rewards and…
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New Taiwanese Exchange Rewards Users for Token Mining and Staking From Its Fee Revenue

MaiCoin, the largest one stop digital asset platform provider in Taiwan, recently launched it’s MAX Exchange. The exchange initially started by offering Taiwan Dollar (TWD) to crypto pairs and it currently lists 16 crypto/TWD pairs. As part…
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Amateur Cryptojackers and Apple Macs Emerge as Two Mining Malware Trends for 2018

2017 was a big year for cryptojacking. It increased by 8,500 percent, according to figures published by Symantec in March. And it would seem that 2018 has so far been an even bigger year for mining malware, as the Cyber Threat Alliance September…
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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…
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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…
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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…
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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…