Bitcoin Mining

Bitmain employees protest against the mass layoff.

China-based Bitmain earlier revealed that it is planning to layoff half of its employees this month. The decision for a mass layoff was criticized by the Co-founder Micree Zhan, who is no longer an active part of the executive...

US SEC accuses a San Diego investor of defrauding $3.5 million in a crypto mining scheme.

According to the official filing, SEC has accused Donald G Blakstad of defrauding $3.5 million from investors of three separate firms. SEC also accused Blakstad of deploying elaborate tactics to lure in at least 14 victims with a promise...

Micree Zhan calls Bitmain’s decision to lay off half of its staff “suicidal.”

In an open letter to Bitmain, Micree Zhan expressed his disapproval over Bitmain's decision to layoff its half of the staff that is expected to happen this month. Micree Zhan, who was removed from the company, still is one...

Bitmain is planning a massive layoff before bitcoin halving.

According to the local news reports, Bitmain launched a "personnel optimization plan" in which the company is planning to layoff half of its employees before the bitcoin halvening event scheduled to take place in May this year. Meanwhile, Bitmain...

Argo Blockchain appoints Peter Wall as its new CEO.

The cryptocurrency miner, Argo Blockchain PLC, announced that it has appointed its vice president and co-founder Peter Wall as the new CEO of the company. Argo blockchain also received another 3,616 Bitmain Antminer T17 crypto mining machines, which are...

Justin Sun explains how cryptocurrency could help reduce carbon footprints.

Tron founder Justin Sun's decision to donate $1 million to Greta Thunberg was met with a lot of skepticism. He also said that adopting cryptocurrency could help reduce carbon footprints. He recently explained how this is possible in an...

Chinese authorities seize 7000 bitcoin mining rigs and arrest 72 Cloud Token operators

According to local reports, China police forces from the city of Tangshan seized nearly 7,000 bitcoin mining rigs that allegedly used stolen electricity. The seizure of bitcoin mining rigs in such a huge number was a result of "special...

How to Set Up a Bitcoin Miner yourself? [in 2020]

To start mining bitcoins can be a bit overwhelming as there are several complicated steps involved, but we have provided a detailed guideline that can help you to get started with bitcoin mining.

Upcoming EU money-laundering laws force two crypto firms to shut down.

The new European Union laws that will come in effect from January 10, 2020, so far have caused three crypto firms to shut down their businesses. The new rules would require crypto firms to implement KYC (know-your-customer) for money-laundering...

MicroBT founder arrested for alleged embezzlement.

According to the Chinese news outlet Finance Caixin, Yang Zuoxing was arrested by the Chinese police over alleged embezzlement of 100,000 yuan ($15,000). The details of the embezzlement were not revealed. MicroBT has been giving a serious competition to...

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Bridgewater Associates founder Ray Dalio does not recommend investing in bitcoin

The founder of Bridgewater Associates, Ray Dalio, praised gold and criticized Bitcoin while speaking at the World Economic Forum...