TagCrypto Mining

Iran Legalizes Crypto Mining Within Days of a Chinese Plea for 'Better Conditions'

Iran, Crypto Mining

Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities. According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put an end to a period of uncertainty, misunderstandings, persecutions...

Nvidia Exits Crypto-Mining, Enters the Gaming Revolution

nvidia, crypto mining

It seems like people aren't feeling crypto, anymore. Bottom line effects on crypto traders and miners who churn out the tokens have been measurable. For large corporations who reaped the benefits of being in the space, the falloff is more measurable. Astutely aware of this, these companies are making changes. This includes those that benefited miners by supplying them with the necessary chips...

Cryptocurrency Mining Farms In China Shut Down For 'Strict' Tax Inspections

Bitcoin price china Cryptocurrency

Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct "very strict" tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day during the period of "rectification."...

Crypto Mining Giant BitFury Raises $80 Million in Private Placement

BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since its Series A round in 2014. The round, according to an official press release, was led by a Paris-based venture capital firm Korelya Capital. Mike Novogratz's Galaxy Digital, Macquarie Capital, Dentsu Inc., Armat Group and...

Hackers Cryptojack Tesla's Cloud to Mine Monero

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According to RedLock, a boutique tech security consultancy, crypto-jacking is set to become one of the biggest security concerns for enterprise computing worldwide. RedLock’s latest research noted a changing security context; one that underpins a changing landscape from data theft to computational power theft. Tesla, a RedLock client, was reportedly a victim of a serious crypto-jacking incident...

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