Mining Pool of Hyundai-Related Blockchain Platform HDAC Suffers Hack

By | May 25, 2018

Mining Pool of Hyundai-Related Blockchain Platform HDAC Suffers Hack The mining pool of HDAC, a Korean blockchain-based IoT platform and issuer of the Hyundai-DAC token (DAC), has been hacked. This forced the company to temporarily halt withdrawals, TokenPost reported Thursday, May 24. HDAC’s founder Chung Dae-sun is the nephew of the CEOs of Hyundai Group and Hyundai Motors,… Read More »

Mining Malware Continues To Dominate Cybersecurity Threats By Seeking Out New Vulnerabilities

By | May 24, 2018

Mining Malware Continues To Dominate Cybersecurity Threats By Seeking Out New Vulnerabilities Mining malware may now be painfully familiar to anyone with even a passing awareness of cryptocurrency, but so far businesses and consumers alike are failing to significantly curb its growing threat. On May 14, Israeli cybersecurity firm Check Point released its latest Global Threat Index, and… Read More »

Deutsche Boerse: We Are ‘Deep At Work’ Examining Bitcoin Before ‘Moving Forward’

By | May 23, 2018

Deutsche Boerse: We Are ‘Deep At Work’ Examining Bitcoin Before ‘Moving Forward’ German shares and securities marketplace organizer Deutsche Boerse (DB) said it is “deep at work” examining cryptocurrency integration options, Bloomberg reports May 23. Speaking at an industry event, the company’s head of clients, products and core markets Jeffrey Tessler told audience members that the company was… Read More »

New Bitcoin Mining Study Misses a Few Key Points

By | May 19, 2018

New Bitcoin Mining Study Misses a Few Key Points There have been numerous discussions on how much electricity Bitcoin mining really uses. The studies on this topic paint very different pictures, although they share a few similarities. The most recent study claims that Bitcoin mining will consume 0.5% of the world’s electricity by year’s end. That’s a somewhat worrisome statistic,… Read More »

Cryptocurrency Mining Firm Takes Aim at Warren Buffet with Amusing Billboard Trolling

By | May 19, 2018

Cryptocurrency Mining Firm Takes Aim at Warren Buffet with Amusing Billboard Trolling A cryptocurrency mining firm claims to be responsible for a billboard that has appeared near Warren Buffet’s office in Omaha. Whilst still unconfirmed, Genesis Mining are apparently behind the taunting publicity stunt. Warren Buffet Publicly Trolled over Bitcoin Comments The co-founder of colossal Bitcoin mining firm… Read More »

Cases Of Illegal Bitcoin And Cryptocurrency Mining: Chicken Farms And New York

By | May 17, 2018

Cases Of Illegal Bitcoin And Cryptocurrency Mining: Chicken Farms And New York In the US, China, and South Korea, many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were arrested for illicitly utilizing cheap electricity to produce cryptos. Chicken farm in South… Read More »

Bitcoin Mining to Use 0.5% of World’s Energy by End of 2018, Peer-Reviewed Research Shows

By | May 17, 2018

Bitcoin Mining to Use 0.5% of World’s Energy by End of 2018, Peer-Reviewed Research Shows Economist Alex de Vries, who published an article on “Bitcoin’s Growing Energy Problem,” yesterday, May 16, in scientific journal Joule, told the Independent that Bitcoin (BTC) mining will use 0.5 percent of the world’s energy by 2018. De Vries concludes that as the… Read More »

Bitcoin Mining Manufacturer Canaan Confirms IPO Filing, Backed By Major Banks

By | May 16, 2018

Bitcoin Mining Manufacturer Canaan Confirms IPO Filing, Backed By Major Banks Chinese Bitcoin mining hardware manufacturer Canaan Creative plans to start trading of its IPO as soon as July, Bloomberg reports May 16. Canaan, which confirmed rumors it was planning an IPO with a filing this week, will likely create the largest Bitcoin-focused offering yet seen when it… Read More »

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch

By | May 15, 2018

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice. UNDERSTANDING THE BAN While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to protect and enhance… Read More »

Chinese Bitcoin Mining Hardware Manufacturers Seek Hong Kong Stock Exchange Listing

By | May 15, 2018

Chinese Bitcoin Mining Hardware Manufacturers Seek Hong Kong Stock Exchange Listing Bitcoin mining manufacturers have seen a lot of success over the past few years. Thanks to solid Bitcoin price increases, the demand for such hardware is accelerating. Two specific firms are both looking to get listed on the Hong Kong Stock Exchange. Both Canaan Creative and Zhejiang… Read More »