The entire world, it seems, is concerned about the economic and environmental cost of mining bitcoin. Back in June 2019, Leaprate reported several news articles about the huge carbon imprint that bitcoin mining leaves: ....bitcoin mining caused around 23 millions tons of carbon dioxide – an amount similar to the one in major cities or…
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CBS News just reported that the carbon dioxide released in our atmosphere from bitcoin mining operations is comparable to the one released by major cities such as Hamburg or Las Vegas. According to a study by MIT and Technical University of Munich, which sought to examine how much power is needed for mining bitcoin and…
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Cointelegraph just reported that a young man from Russia is currently facing court allegations, as he illegally mined Bitcoin through state-owned servers. Reportedly, the man is from Kurgan, a Siberian city. The "theft" was reported by the local office of Russia’s Federal Security Service or FSB. The breach, however, occurred not only in his region,…
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Following Bitcoin’s latest tumble, Mark Ward, head of trading at Sanlam UK, has examined why the virtual currency is so volatile and shared the three reasons that will shape the future of the cryptocurrency. Seldom a week goes by without mention of Bitcoin in the news – from commentators predicting it to be the swindle…
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Brittany Roston from Slash Gear reported that one of Starbucks stores in Buenos Aires was caught mining digital currencies through the use of customers' laptops that essentially used the store's WiFi. The Starbucks store did not know of the mining, until notified by a customer, Noah Dunkin through a tweet. According to his tweet, the…
Read moreBitcoin cloud mining provider Genesis Mining has announced the launch of what it calls the world’s first Bitcoin mining fund. The fund, which officially filed Form D with the SEC last week will be called Logos Fund and will cater exclusively to high net worth individuals, investment funds, and accredited investors looking to take part…
Read moreThe US Securities and Exchange Commission (SEC) today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors. The SEC alleges that Josh Garza perpetrated the fraud through his Connecticut-based companies GAW Miners and ZenMiner by purporting to offer shares…
Read moreThe Melbourne-based Bitcoin miner plans to raise AU$ 20 million (US$13.82 million) via an IPO on the ASX, with the shares expected to commence trading on November 11, 2015.
Read moreAustralian financial markets regulatory authority ASIC has issued a cease and desist order on pre-prospectus publications by Bitcoin Group Limited
Read moreVenezuelan businessman Guido Ochoa has purchased HashFast's assets, combining Bitcoin mining technology with a nation which is subject to strict capital control laws. Could Venezuela be the next nation to embrace virtual currency?
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