[ad_2][ad_1] According to Kazakhstan’s Digital Development Minister Bagdat Mussin, the country is in talks for investments in its cryptocurrency mining sector worth 300 billion tenges ($ 714 million). In early June, another Kazakh minister, while arguing against the cryptocurrency ban during a parliamentary discussion, said the country could get more …
Read More »Digital Currency Group promises $ 100 million to strengthen the Bitcoin mining industry
[ad_2][ad_1] The Digital Currency Group (DCG) firm is entering the mining industry, as it has pledged $ 100 million into a cryptocurrency mining company called Foundry. The Foundry mining company was quietly founded in 2019 and aims to offer capital, advice and intelligence to digital asset miners. Bitcoin mining is …
Read More »Capturing Petahash: Marathon gets 3,300 Bitcoin mining rigs, acquires Fastblock for $ 22 million
[ad_2][ad_1] Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced that it will buy Fastblock Mining in a fully equity transaction. The company’s letter of intent revealed that Marathon will acquire Fastblock for approximately $ 22 million. The company will get 3,304 ASIC bitcoin miners from the deal, which will …
Read More »The re-mining simulation shows that Satoshi used a single high-end PC to mine 1.1 million bitcoins
[ad_2][ad_1] Cryptocurrency advocates recently discussed the mysterious Bitcoin inventor Satoshi Nakamoto as RSK chief scientist Sergio Demian Lerner published a paper called “The Patoshi Mining Machine”. Essentially, Lerner simulated Satoshi’s mining experience. The results estimate that the creator of Bitcoin used a single computer to mine around 1 million bitcoins …
Read More »CFTC calls for $ 429 million fine to be imposed on director of Control-Finance cryptocurrency scam
[ad_2][ad_1] The proposed default judgment against Benjamin Reynolds also provides for the return of nearly $ 143 million. In line with previous FinanceFeeds reports, the U.S. Commodity Futures Trading Commission (CFTC) filed a proposed default judgment against Benjamin Reynolds, sole director and owner of the Control-Finance cryptocurrency fraudulent system. The …
Read More »US Court Rejects Charges Against XRP: Report Shows Ripple Paid Moneygram $ 15.1 Million In Second Quarter
[ad_2][ad_1] The Northern California District Court finds that the claims against Ripple Labs and its token filed by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, disgruntled investors wanted the court …
Read More »Bitcoin thieves move 3503 BTC worth $ 38.5 million
[ad_2][ad_1] The digital economy has seen a steady increase in crypto technology by young Nigerians and startups, to pay for goods and services. Nigeria’s information and communication sector (digital economy) grew by 15.09% in real terms in Q2 2020, compared to growth of 9.99% in Q1 2020 and 9.01% in …
Read More »Nearly $ 60 million worth of Bitcoin was transferred to Ethereum in June
[ad_2][ad_1] According to data estimates from Dune Analytics, nearly $ 60 million worth of bitcoins was transferred to Ethereum in June. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for around 75% of that growth after moving over 4,800 BTC to Ethereum last month. Demand has increased …
Read More »More than 14 million XRP deposits within the first week of listing on CoinLoan
[ad_2][ad_1] TALLINN, Estonia, June 23, 2020 / PRNewswire / – Sul first of June Ripple (XRP) has officially become listed on the CoinLoan platform. Within a week of listing, users deposited more than 14 million XRP tokens on the platform, making CoinLoan the leading cryptocurrency lending service using Ripple according …
Read More »Scam uses Elon Musk’s name to fool people with $ 2 million worth of bitcoin
[ad_2][ad_1] The giveaway scheme uses the tech titan’s name as part of the Bitcoin addresses for added credibility Complimentary cryptocurrency scams, including those impersonating Tesla and SpaceX boss Elon Musk, have been making the rounds for several years now. The latest trick up the scammers’ sleeves is to insert the …
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