Category: Bitcoin Mining
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Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered
The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.” Fraudulent Claims…
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This Bitcoin mining company’s stock is in free fall following Q3 loss
The third quarter was tough for mining rig manufacturers as the impact of COVID-19 continued to weigh heavy.
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Justice Department extradites alleged BTC mining Ponzi operator from Panama
AirBit Club’s leadership has been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles.
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Bitcoin mining difficulty approaches ATH as price stabilizes above $18K
Mining difficulty on the network rose by 8.9% today while the hash rate is more than 130 EH/s.
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With share price outpacing Bitcoin, Riot Blockchain appoints new director
The Bitcoin mining giant appoints a new director with a stellar institutional background as stock prices surge.
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OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chinese Crackdown Pushes Miners Away
Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add…
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Bitcoin mining revenue hits yearly high, after return to pre-halving levels
Bitcoin mining revenue has topped $20 million per day, its highest level this year.
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$2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined
Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges.