Bitcoin Mining

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Confusion Grows Surrounding Official Chinese Position Regarding Bitcoin Mining

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In recent days a number of conflicting reports have surfaced pertaining to the stance of China’s government with regards to bitcoin mining. Last week, Bloomberg reported that the People’s Bank of China (PBOC) had met to discuss curbing mining operations in China, whilst Chinese media reports denied such – however, it has since emerged that … Read more

Chinese Authorities Ask Local Miners to Submit Monthly Status Reports

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Xinjiang Province regulators have issued an official document informing local bitcoin miners to submit status reports on a specific schedule. Also Read: Japanese ‘Virtual Currency Girls’ Spreading Cryptocurrency Knowledge     An Orderly Exit Bitcoin mining companies were told to write a status report before Jan. 5, according to a government notice signed by a Xinjiang … Read more

Bitcoin Mining ICO Giga Watt is Being Sued for Securities Fraud

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Another month, another ICO lawsuit. This time it’s Giga Watt in the firing line, a startup whose aim is to launch a cryptocurrency mining facility. The company describes itself as “the world’s first full-service mining solution provider” and promises “turnkey mining services”. A group of investors are not impressed though, and have filed a lawsuit … Read more

Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported

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The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are … Read more

Chinese Central Bank Hosts Closed-Door Meeting on Electricity Usage of Bitcoin Miners

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The People’s Bank of China (PBOC) today had a closed-door meeting on the use of electricity for bitcoin mining. The legitimacy of the news has been confirmed by Tencent Finance.  Also Read: Peter Thiel, Bitcoin Astronaut, Moves Markets with Crypto Moonshot The PBOC Investigates the Power Usage of Bitcoin Mining Tencent Finance said that China’s central bank recently … Read more

Public Firm Faces Class Action Lawsuit for Falsely Claiming Link to Bitcoin

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An application for a class action lawsuit against Apollo Power (TASE: APLP) has been submitted to the Tel Aviv District Court. The solar energy technology company is accused of misleading investors by making a false report. The matter at hand is how its share price jumped by 150% on December 18 after Apollo announced it … Read more

Israeli Regulator Investigating Public “Bitcoin” Company for False Claims

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Bitcoin mania has taken over the business world. Companies from India to Long Island are rushing to add bit, coin, crypto or blockchain to their names. As that is the case it would not be a big surprise if some have also stretched the definition of what they do too far just to have some … Read more