Tagged: mining

The Current State of Bitcoin in Space

Right now, overhead, four satellites broadcasting the Bitcoin blockchain drift in the Earth’s atmosphere over North and South America, Africa and Europe. Only East Asia, Australia and Polynesia are still dark. The presence of Bitcoin satellites in the atmosphere was announced August 15th, 2017 by… Read More

Sindri Thor Stefansson, an Alleged Thief Who Stole Bitcoin Mining Hardware in Iceland, is Apprehended in Amsterdam

Sindri Thor Stefansson, a suspect in a Bitcoin mining heist, went on the lam this past week when he walked out of a prison in Iceland and simply hopped a flight to Sweden. From Sweden Stefansson made his way to Amsterdam evading authorities who were… Read More

Taiwan Semiconducter Says Cryptocurrency Mining Counters Weak Mobile Sector Business

  Taiwan Semiconductor Manufacturing Company (TSMC) is one of the largest chip manufacturers in the world. This week, TSMC reported quarterly results providing insight into the health of its operations. The company produces silicon for companies like Apple and other computer and mobile manufcgturers. For… Read More

Small Town in State of New York Imposes Moratorium on Energy Hungry Cryptocurrency Mining

Cryptocurrency is hot right now and the prospect of being able to turn a computer on and earn money has attracted both big money and small. Mining cryptocurrencies like Bitcoin has been lucrative in the past but it is getting more expensive. Mining of Bitcoin… Read More

Securities Commissioner of South Carolina Issues Cease & Desist to Two International Cryptocurrency Miners

The Securities Commissioner of South Carolina, part of the office of the Attorney General of the state, has issued a Cease & Desist Order two global cryptocurrency miners: Swiss Gold Global and Genesis Mining. Genisis Mining is based in Hong Kong. Swiss Gold Global is… Read More

Crypto Valley in the Rockies: Wyoming May Become the Switzerland of the US when it comes to Cryptocurrency

Switzerland has become known as a center of excellence for the cryptocurrency industry. In fact, many initial coin offerings (ICO) call Zug, Switzerland home – even if they are not really based there. The Swiss regulators (FINMA) have recognized the emergence of digital currencies as… Read More

Russian Authorities Detain Two Engineers at Nuclear Center in Sarov for Bitcoin Mining

According to multiple reports, two Russian engineers were detained by authorities for attempting to use computers at the Scientific Research Institute for Experimental Physics which is based in Sarov, Russia. The facility is said to be where the first Soviet nuclear weapon was produced in… Read More

Long Blockchain See Saws on Purchasing Bitcoin Mining Hardware

Long Blockchain Corporation (NASDAQ:LBCC), formerly known as Long Island Ice Tea Corp. due to its focus on beverages, has done an about face regarding its previously announced decision to purchase 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs. In January, the company stated it had signed… Read More

DPW Holdings to Launch Network of Cryptocurrency ATMs

DPW Holdings, (NYSE: DPW), has announced that its subsidiary, Digital Power Lending, LLC will launch a network of cryptocurrency ATMs that will allow for the purchase and sale of cryptocurrencies along with cash withdrawals. The company said the first ATMs will be installed in 5… Read More

Unikrn Partners with MAINGEAR on Crypto Mining Capable PCs

Unikrn, an esports brand, has formed a new partnership with MAINGEAR, a top manufacturers of high-performance PC systems.  The deal will see MAINGEAR creating co-branded UnikoinGold (UKG) crypto-mining capable PCs — the MAINGEAR ACM [Advanced Crypto Miner] and MAINGEAR ACM PRO — available later this… Read More

Leaked Document Shows China’s Intent to Force Bitcoin Mining Halt

As we reported this past weekend, the People’s Bank of China (PBOC) is rumored to be discussing a power cut for Bitcoin miners. Now there is a document circulating on the internet that indicates China wants to shut down Bitcoin mining altogether. While the complete… Read More

China: WeiyangX Fintech Review

Tencent Wins Third-Party Fund Sales License On January 2, 2018, the Shenzhen Securities Regulatory Bureau issued this year’s first fund sales license to internet giant Tencent Holdings, or more specifically Teng An Information Technology (Shenzhen) Co., Ltd. According to the document, the company was allowed… Read More

Long Blockchain Acquires 1000 Bitcoin Mining Machines to be Deployed this Month, Announces Common Stock Offer [u]

Long Blockchain Corporation (NASDAQ:LBCC) has signed an agreement to purchase 1000 Bitcoin mining machines manufactured by Bitmain.  The hardware, Antminer S9 mining rigs and 1,000 APW3++ PSUs, is expected to arrive this month and will be deployed at a data center in an experienced crypto mining… Read More

Russian Finance Ministry to Suggest Collecting Taxes on Mining of Cryptocurrency

On Thursday, Deputy Minister Alexei Moiseev announced that the Russian Finance Ministry has reportedly suggested collecting taxes on mining of cryptocurrencies. This tax will be introduced through a new draft law, which was announced earlier this week. According to Russian media outlet, TASS, while sharing details… Read More

Radisson Mining Closes Crowdfunding Round on Klondike Strike

Radisson Mining Resources, a Quebec-based mineral exploration company, has closed the first tranche of a crowdfunding round on mining centric Red Cloud Klondike Strike. The gross proceeds were said to be just over $400,000. The net proceeds of the offering will be used for exploration and… Read More

Investors Can Now Join the Rush: Red Cloud Klondike Strike Launches Portal for Mining Investment

For such a large industry, I know of relatively few famous mining companies.  I’ve never been part of that world.  It isn’t that the things they’re doing aren’t important, or that they don’t have an impact on my life.  It’s that in the past they’ve… Read More

Australian Construction Software Company APE Mobile Secures $2M During Series A Funding Round Led By Jolimont Global & Viburnum Funds

APE Mobile, an established Australian software company that has developed an innovative paperless site app for the Construction, Mining and Oil & Gas industries to enable greater efficiency in managing on-site documents on iPads and web devices, is pleased to announce the raising of $2 million in… Read More

Klondike Strike, an Equity Crowdfunding Site for Mining, Announces CEO

Toronto based Klondike Strike has announced the hiring of Chad Williams as Chief Executive Officer for the mining crowdfunding startup. Williams will be responsible for Klondike’s global business initiatives. Klondike claims to be the first portal of its kind in Canada. Williams has 25 years… Read More

GoldKey Resources Launches $1.5M Crowdfunding Campaign on EquityNet

GoldKey Resources, Inc., a natural resources development company, announced today the launch of a crowdfunding campaign with EquityNet, designed to raise US$1.5 million. Niles Helmboldt, CEO of GoldKey, stated, “Our crowdfunding initiative is part of an overall campaign to capitalize on opportunities to assist and… Read More