ASIC reveals how it infiltrated crypto ‘pump and dump’ Telegram groups
The Australian financial watchdog has revealed the details of how it took down ASX traders suspected of taking part in a coordinated Telegram pump and dump scheme.
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Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is…
Russia, Ukraine Shut Down Several Cryptocurrency Farms
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities,…
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics,…
Crypto Is Driven by Extraordinary Consumer and Investor Demand, Says Australian Regulator
The chairman of Australia’s Securities and Investments Commission (ASIC) says crypto is “being driven by extraordinary consumer and investor demand,” noting that “The implications for consumers are potentially huge.” The…
Commonwealth Bank of Australia recognizes risks in missing out on crypto
“We see risks in participating, but we see bigger risks in not participating,” said CBA CEO Matt Comyn on the bank’s recent crypto adoption play.
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years
On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to…
Australian baseball club Perth Heat to pay athletes in Bitcoin
Perth Heat will use the Bitcoin Lightning Network to make payments to professional baseball players and staff.
Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0
Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network.
A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry
While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the…