In order to help immigrants in ICE custody pay their immigration bonds, the Bail Bloc project mines XMR using volunteers’ computer power. The Bail Bloc initiative has started using cryptocurrency raised through charity to help people get out of U.S Immigration and Customs Enforcement (ICE) pretrial incarceration, according to a tweet posted by a Bail… Continue reading US: Crypto Initiative Donates Monero to Bail Out Immigrants in ICE Detention
Category: mining
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Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales
Nvidia released its Q3 2018 results today, revealing a “crypto hangover” as GPU prices failed to adjust quickly enough to disappearing demand from crypto miners. Nvidia released its earnings report for the third quarter (Q3) of 2018 today, Nov. 15, revealing that demand for Nvidia’s graphics processing units (GPUs) among crypto miners has dried up.… Continue reading Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales
Hodler’s Digest, November 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, While Fake Elon Musks Overrun Twitter
The central bank is China comes out against crypto air drops, while a flood of fake Elon Musks take Twitter promising crypto giveaways. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions,… Continue reading Hodler’s Digest, November 5-11: Star Trek’s Captain Kirk Defends ETH Decentralization, While Fake Elon Musks Overrun Twitter
Mining Giant Bitmain Sues Unknown Hacker for Alleged Theft of $5.5 Million in Crypto
Bitman sues unknown hacker who allegedly stole $5.5 million worth of crypto by using Binance and Bittrex wallets for manipulation of MANA token. 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… Continue reading Mining Giant Bitmain Sues Unknown Hacker for Alleged Theft of $5.5 Million in Crypto
Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation
Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia. Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and… Continue reading Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation
Texas Regulator Issues Cease and Desist Order to Cloud Mining Company
Texas regulators have issued a cease and desist order to a cloud mining company for selling unregistered securities, among other alleged offences including fraudulent behavior. The Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cloud mining company AWS Mining PTY LTD for selling unregistered securities, according to an… Continue reading Texas Regulator Issues Cease and Desist Order to Cloud Mining Company
AMD: ‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’
American semiconductor manufacturer AMD has revealed “negligible” blockchain-related GPU sales in its 3rd quarter report. In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.” American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose… Continue reading AMD: ‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’
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 was slashed to 6.5 percent partly due to the demand dynamics of bitcoin miners. Crypto Mining Demand For TSMC… Continue reading Is Demand For Bitcoin Mining in Decline? Chip Maker Slashes Target
Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
Deputies of the Russian State Duma have removed a definition for crypto mining from the draft law “On Digital Financial Assets.” Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19.… Continue reading Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases
Major Chinese mining hardware manufacturers could fall under new U.S. tariffs on Chinese-manufactured goods, reaching as high as 25 percent. Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’s English-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts… Continue reading Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases