Operator of the world’s top bitcoin mining pool, Bitmain, has filed lawsuits against three former employees and current co-founders of the rival mining pool, Poolin, for breach of contract. Bitmain is suing the founders of Poolin, the seventh largest bitcoin mining pool by hash rate, for $4.3 million in damages as a result of these…
You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design…
The Takeaway Bitmain is suing three former employees who started Poolin, a rival to the chip manufacturer’s BTC.com mining pool. The company is seeking $4 million in damages, alleging the Poolin co-founders violated their non-compete agreements; The former employees say Bitmain voided the non-compete by failing to pay them on time as agreed. The case offers…
U.S. self-regulatory organization, the Financial Industry Regulatory Authority (FINRA), has fined and suspended an investment adviser over undeclared cryptocurrency mining activities. According to a letter of acceptance, waiver and consent published by FINRA on June 10, Kyung Soo Kim had been working at Merrill Lynch and was registered with the watchdog as a general securities representative through the firm…
Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry. Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10. Following comprehensive…
The next bitcoin gold rush will be in Africa. Solar and wind energy can promote sustainable bitcoin mining in Africa. These statements ooze of optimism. However, optimism is often only on paper. In the real world, Africa is far from being a bitcoin mining hub. Strict regulations, costly electricity prices and the high cost of…
Twitter user and malware researcher Fumik0_ has discovered a new website that spreads cryptocurrency malware, according to a report by Bleeping Computer on June 5. According to the report, the host for transmitting these viruses is a website that imitates the website for Cryptohopper, a website where users can program tools to perform automatic cryptocurrency…
Braiins, a cryptocurrency mining pool operator based in Prague, is rebranding its company’s operation and bringing all of its products under a single umbrella. Updates Are Coming Braiins is the company behind Slush Pool, the original cryptocurrency mining pool with a hash rate of 5.32 Eh/s, per its website. After operating in the mining sector…
This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, while 70 percent of China’s “stock” are in Sichuan, a western province…
The state authorities of China’s Sichuan province will investigate local bitcoin (BTC) mining farms that have been allegedly been built illegally, local media agency Sina reports on May 30. Located at the bitcoin “global mining capital” of Sichuan, the bitcoin mining farms with over 30,000 bitcoin mining machines have been reportedly constructed without an official…