Tagbitmain

Did This Bitcoin Mining Pool Just Try to Create Coins Out of Thin Air?

bitcoin money laundering

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 identified the block as invalid: Bitcoin Core 0.18.0Bitcoin Core 0.17.1Bitcoin Core 0.16.2Bitcoin Core 0.10.3bcoinBitcoin Knots 0.14.2btcdLibbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX...

Ex-Bitmain CEO Jihan Wu Unveils China's Future Bitcoin Monopoly

jihan wu, bitcoin, china

By CCN: Bitcoin billionaire and former Bitmain CEO Jihan Wu is set to launch a new crypto trading platform next month that could eventually be granted a monopoly by the Chinese government. Jihan Wu Reveals New Path in Wake of Bitmain IPO Disaster Wu’s project, called Matrix, will be a custody and trading firm with substantial ties to Bitmain, one of the world’s largest crypto mining conglomerates...

New York Bitcoin Mining Magnate Accused of Stealing Over 5000 Crypto Miners

Bitcoin mining

By CCN.com: A New York Bitcoin miner hosting company called Northway Mining stands accused of stealing at least 5100 pieces of mining equipment from two companies. Given the scope of the investigation currently underway by the federal government, the damage might be much more significant than this. Northway Mining Sued For Violation of RICO Act At least four Bitcoin companies have been allegedly...

Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

Quebec, Bitcoin mining, Crypto mining

By CCN.com: Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie, has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining projects. Until now, crypto mining has been fiercely concentrated in China. But as Beijing mulls an outright ban on bitcoin mining...

Bitmain-Backed Japanese Crypto Exchange Liquid Readies US Launch

bitfinex

By CCN: Liquid, a Bitmain-backed Japanese cryptocurrency platform operated by Singaporean crypto exchange Quoine, plans to expand into the United States. Liquid hopes to on-board U.S. clients by January 2020. In an April 29 statement, Liquid said it partnered with a consortium of crypto and fintech investors called Virtual Currency Partners (VCP). The two entities then launched a joint venture...

Kraken, Bitmain Seek Dismissal in Bitcoin Cash-Fueled UnitedCorp Case

Kraken, bitmain, UnitedCorp

By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war. Were...

Bitcoin Mining: Key Stat Exposes Ridiculous Energy Consumption FUD

bitcoin mining energy consumption

By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin's environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence. The figure converts the energy used to propel cars and the amount of oil required (reportedly 1.3 million...

5 Reasons Why China's Proposed Ban on Bitcoin Mining Could Kill Bitmain

Bitmain, bitcoin

China’s plans to ban bitcoin mining could not have come at a worse time for Bitmain. Once seemingly indomitable, Bitmain is now in a precarious phase. In the past couple of months, the bitcoin mining hardware giant has not only reported a $500 million loss after a couple of years of consistently making profits but also failed in a bid to get publically listed. Though recent leadership changes...

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