Tagged: mining

When You Mine Crypto are You Creating a Security? Templum Presses the SEC to Decide

Mining is a vital part of the cryptocurrency industry today. While some industry followers believe that crypto mining will go away in the not so distant future, it remains an active pursuit for individuals and companies to mint digital money using racks of computers. In… Read More

Feeling the Heat: Bitcoin Mining Adversely Impacting Iceland Terrain, Environmentalists Say

Cheap hydroelectric and geothermal power, cooler temperatures and a relatively stable business environment have drawn droves of cryptocurrency mining firms to Iceland over the past few years. Abandoned industrial sites, fish factories, and even barns have been commandeered for the mining of Bitcoins and other… Read More

China: WeiyangX Fintech Review

China Implements First National Standard for Insurance Sector On April 11th, China has implemented its first national standard for the insurance industry. The national standard incorporates 817 entries of professional terms, serving as a fundamental standard for various terms in the insurance sector, according to… Read More

Test Versions of Mozilla Firefox Browsers Now Include Anti-Tracking and Anti-Cryptojacking Features

Mozilla, the software company behind popular free web browser Firefox, is confronting the increasingly relevant problems of online privacy-intrusion and cryptojacking by releasing a test version of enhanced Firefox software that blocks these activities. “To combat these threats,” writes Mozilla, “we are pleased to announce new… Read More

Mid-Size Chinese Cryptominers Weathering Risks to Access Cheap Power in Iran

In the wake of increasing Chinese state reticence towards a once supported industry, the biggest Chinese crypto mining firms have been steadily expanding or relocating to Canada, the US and Iceland, Chinese crypto news outlet 8BTC reports. But small and mid-size Chinese crypto miners have… Read More

China’s State Planning Commission Proposes Ban on Cryptocurrency Mining

China’s National Development and Reform Commission (NDRC) has reportedly added cryptocurrency mining to, “a revised list of industries it wants to encourage, restrict or eliminate,” Reuters reports. Cryptocurrency mining appears on the list along with 450 other industrial activities the NDRC says should be, “phased out… Read More

Bitfury Confirms Layoffs at Hut 8 Cryptocurrency Mines in Alberta

The price of Bitcoins made a newsworthy jump of 20% last Monday morning, and that gain is still holding, but the lean early months of 2018 saw a second round of layoffs at Hut 8, “Canada’s largest cryptocurrency miner,” CBC reports. Hut 8 runs 85… Read More

Damage Done? New Cryptocurrency Mines in Montana County Must Use Renewable Energy

The Missoula County Board of County Commissioners has unanimously passed interim zoning overlay regulations that, effective immediately, require all new cryptocurrency mines in the region to be 100% powered by renewable energy. Existing firms can continue more or less as usual, despite the fact that… Read More

Cryptomining Firm Bitfarms To Be Delisted from Tel Aviv Stock Exchange, Files Preliminary Prospectus in Ontario

Cryptomining company Bitfarms (formerly Blockchain Mining) lost $18.2 million during the 2018 crypto bear market and will shortly be delisted from the Tel Aviv Stock Exchange (TASE), Isreali news outlet Globes reports. Meanwhile, the company has reportedly sought to establish a foothold in Ontario, where… Read More

Bitmain’s Hong Kong IPO Application Lapses

An IPO application submitted by Bitmain to the Hong Kong Stock Exchange in September has lapsed. Bitmain is the world’s largest crypto-mining consortium. The company operates numerous crypto mining and research facilities across the globe and also designs and manufactures some of the industry’s most… Read More

Bitmain Says its New Equihash Cryptominer 3X Faster

Bitmain-ASIC-chip

One of the world’s largest cryptomining companies, Bitmain, has announced the release of a new crypto mining machine it claims is three times faster than its previous model. The new “Antminer Z11” is designed for the dedicated mining of cryptocurrencies that use the Equihash algorithm… Read More

Norsk Hydro Metal Production Shut Down by Ransomware Attack

Norwegian aluminum producer Norsk Hydro says a ransomware attack that started late Monday night interrupted production at company facilities in North America and Europe, Bloomberg reports. Unknown attackers reportedly switched “potlines” to manual mode during the attack. Potlines are used to keep metal molten and… Read More

Missoula County Acts to Limit Crypto Mining Energy Consumption

Town councilors in Missoula, Montana, have voted to draw up interim zoning rules to govern cryptocurrency mining in the region as well as limit the environmental impact of the sector, The Missoula Current reports. The rules could come into place as soon as April 4th… Read More

Court Rules Israeli Bank Cannot Close Crypto Miner’s Accounts but Can Refuse to Shelter Proceeds

A judge presiding over a district court in Tel Aviv has ruled that a branch of Union Bank in the Herzliya industrial district acted unreasonably when it closed accounts belonging to IsraMiner, a division of the Ukrainian cryptomining company Yashraminer, Calcalist reports. Judge Limor Bibi,… Read More

Return of Dorm-Room Crypto Mining or Malware Surge?

PC Magazine is reporting this week on an apparent surge of on-campus cryptomining detected by cybersecurity firm Cisco. The news is noteworthy because, according to urban legend, crypto mining for bitcoins started mostly in dorm rooms and nerd basements. Stealthily, however, corporate crypto miners like… Read More

Plattsburgh Lifts Moratorium on Crypto Mining, Miners to Pay Overages

The town council of Plattsburgh, New York, has voted 5-1 to lift a year-old moratorium prohibiting any new cryptomining operations from setting up within town limits, Midday Magazine reports. The moratorium was established in March of last year after cold temperatures and crypto-mining consumption exhausted… Read More

Coinhive, Number One Source of Cryptojacking Software, Closing in March

Citing miner-attrition from “forks” and declining crypto prices, CoinHive, an in-browser crypto mining software service favored by malicious cryptojackers, will be shutting down in March, ZDNet reports. CoinHive was initially conceived as a way for websites to earn revenue from visitors without having to show… Read More

Gaming and AI Tech Missteps at Nvidia Worsen Crypto Winter Woes

By now, Nvidia’s faltering earnings as a maker of  cryptocurrency mining equipment are well known. Until recently, the company was enviably positioned to supply coveted chips to booming cryptomining, AI, cloud computing and gaming sectors. But after a banner 18 months that ran from the… Read More

Back Door to Legitimacy or Exit Move? Crypto Businesses Using Shortcuts to IPOs

According to Reuters, crypto-exchange software maker ANX International purchased a controlling stake in Hong Kong-listed marketing firm Branding China last year, and said that the company’s new status as a publicly-traded company granted clients, “additional confidence in knowing we are a credible company and here… Read More

ICYMI: In Quebec Cryptocurrency Mining May Equal Securities, AMF Issues Call to Investors in Crypto Technologies, Inc.

Earlier this month, the Quebec Autorité des marchés financiers (AMF), along with the Financial Markets Administrative Tribunal issued “conservatory orders” against Crypto Technologies Inc. (DBA Make It Mine), and principles David Fortin-Dominguez and Samory Proulx-Oloko for “failures to comply with the Securities Act.” The order was the… Read More

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