World’s second-largest maker of bitcoin miners not intimidated by the China-US trade war. Canaan Creative has failed to list in Hong Kong and mainland China. Most recent half-year results registered a loss. A threat by President Donald Trump’s ad…
China has held the crown for being the home of some of the largest makers of bitcoin mining equipment for years now. According to LinkedIn, one of these bitcoin mining rigs has emerged as a favored destination for job seekers in the world’s second-largest economy. Per CNBC citing a report by the Microsoft-owned professional social […]
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Forbes writer Kyle Torpey reported that Blockstream, a crucial company in Bitcoin Core development, has been hosting Bitcoin miners at two facilities for quite some time. Big Boy Mining Top clients include Fidelity’s Center for Applied Technology (FCAT…
Bitcoin presents a common-sense notion that’s surprisingly radical to many fully-grown adults: Once it’s gone, you can’t have any more of it. As commodities go, it acts more like a rare metal than a technology – hence its compar…
The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U.S. Per a report which appeared on a Chinese social media platform, Canaan has already filed the application documents with the Securities and Exchan…
Cryptocurrency mining in Iran is now legal, Mehr News Agency reports. This follows a Sunday decision by the country’s cabinet to authorize the mining of cryptocurrencies. Now classified as an industrial activity, cryptocurrency miners will be required …
The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are …
As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as…
As if 2019 hasn’t been crazy enough, earlier today someone seemingly tried to counterfeit an entire Bitcoin block. Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena All 8 nodes at https://t.co/WKQ8hPDGON identified the block as…
Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SW…
The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. Tree Huggers Take Solace Historically, one great objection to Bitcoin has been its perceived…
As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. B…
By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business acti…
By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process. Fo…
By CCN Markets: One of Africa’s largest insurer, Old Mutual, announced that it will no longer cover crypto mining equipment due to lack of regulation, wrote IOL on June 12. After researching the industry, the Pan-Africanist financial group discov…
By CCN Markets: Craig Wright is to appear in a Florida court next week to contest allegations that he stole 1.1 million Bitcoin from his old friend, Dave Kleiman. Wright had initially appealed to postpone proceedings or be allowed to attend via video c…
Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. As data from SEO analyzer Sistrix shows, our visibil…
By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show t…
By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft. A federal court in the Hebei Province of…
By CCN: A man from Sydney, Australia will appear in court on Tuesday after turning a government computer into a bitcoin mining rig. He allegedly mined $9,000 worth of cryptocurrency on the modified machine. The 33-year old IT contractor allegedly tweak…