Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases

Chinese Mining Hardware Manufacturers to Fall Under US Tariff Increases Major mining hardware producers, such as Bitmain, Canaan and Ebang, could be affected by recently imposed U.S. sanctions on Chinese goods, Hong Kong’sEnglish-language newspaper South China Morning Post (SCMP) reports Tuesday, Oct. 16. Analysts cited by SCMP believe these tariffs could possibly affect China’s major mining hardware producers, as the technology…

Internet Giant GMO to Roll Out Yen-Pegged Crypto Stablecoin in 2019

Internet Giant GMO to Roll Out Yen-Pegged Crypto Stablecoin in 2019 Japanese IT giant GMO Internet is jumping on the stablecoin bandwagon, planning the launch of a yen-pegged cryptocurrency in 2019. The company said in an announcement Tuesday that it will start full-scale preparation to issue the stablecoin, called GMO Japanese Yen (GJY), in preparation for a…

China: Man Gets 3.5 Years in Jail for Stealing Train Power to Mine Bitcoin, Local Media

China: Man Gets 3.5 Years in Jail for Stealing Train Power to Mine Bitcoin, Local Media A man in China has been been sentenced to three and a half years in jail for stealing power from a train station to fuel his Bitcoin (BTC) mining operations, local media outlet The Paper reports October 8. According to court documents released…

Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It

Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It The U.S. Federal Election Commission (FEC) is considering a request that, if approved, would allow people to contribute to political campaigns by donating some of their processing power to mine cryptocurrencies. The request from OsiaNetwork LLC, quietly published in late September, is the first…

Proposed Crypto Mining Moratorium Rejected by County in Montana

Proposed Crypto Mining Moratorium Rejected by County in Montana Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Proposed Crypto Moratorium Rejected Missoula County’s board of commissioners held a public…

Japanese IT Giant GMO Launches Zcash Mining Software Client

Japanese IT Giant GMO Launches Zcash Mining Software Client Japanese internet services giant GMO Internet Inc. has launched a new mining software client designed for mining Zcash (ZEC) on graphic processing units (GPUs). GMO announced the new client, dubbed Cryptknocker, in a news release published September 28. Cryptknocker has reportedly been designed to enable users to mine cryptocurrencies that are…

McAfee Labs: Crypto Mining Malware Grows by 86% in Q2, Over 2.5 Mln New Coin Miner Samples

McAfee Labs: Crypto Mining Malware Grows by 86% in Q2, Over 2.5 Mln New Coin Miner Samples The number of crypto mining malware attacks used by hackers has continued rising, with total samples growing by 86% in the second quarter of 2018, according to the latest threat report by cybersecurity firm McAfee Labs releasedSeptember 25. In the report, cybersecurity experts stated more that than…

Bitmain Files Draft Application for Listing on Hong Kong Stock Exchange

Bitmain Files Draft Application for Listing on Hong Kong Stock Exchange Chinese crypto mining giant Bitmain has filed a draft application for listing the company’s shares on the Hong Kong Stock Exchange (HKEX), according to an official application document published Wednesday, September 26. Bitmain has provided a draft application proof that is required for public listing on the HKEX, aiming “solely” to…

Momentum Is Building to Block Ethereum ASICs

Momentum Is Building to Block Ethereum ASICs Several ethereum miners and developers have come forward with the goal of stopping specialized mining hardware from effectively operating on the network. Underway since April, the controversy surrounding application-specific integrated circuits (or ASICs) on ethereum rose after news broke last Thursday of a new line of specialized mining hardware that claims to…

Cryptocurrency Mining Malware Detections Up Almost 500 Percent in 2018: Report

Cryptocurrency Mining Malware Detections Up Almost 500 Percent in 2018: Report Leaked code targeting Microsoft Systems which hackers allegedly stole from the U.S. National Security Agency (NSA) sparked a fivefold increase in cryptocurrency mining malware infections, Bloomberg reports Wednesday, September 19, citing a new cryptojacking report. Eternal Blue, the tool which can exploit vulnerabilities in Microsoft software, is behind the now-infamous global cyberattacks WannaCry and NotPetya,…