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Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. Kazakhstan to Host New 100 MW … Read more
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion. Venezuela Seizes Bitcoin Mining Equipment The Bolivarian National Guard … Read more
Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among … Read more
In this edition of The Daily, the creator of the in-browser crypto mining software Coinhive is closing down due to the low prices of monero and its forks. Also, $7.7 million of Eos has been stolen by a hacker and the crypto entrepreneur behind the money-throwing stunt in Hong Kong last year has been arrested … Read more
Besides GMO Internet, another Japanese company is working on producing 7nm mining equipment. Triple-1 has been working on its 7nm bitcoin mining chips and expects to start shipping the equipment in November, shortly after GMO expects to start shipping its 7nm miners. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Developing 7nm Mining Equipment … Read more
Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry … Read more
In today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based … Read more
Leading manufacturer of crypto mining equipment Bitmain has opened a service center in Russia. Miners in the country will be able to repair their ASIC rigs locally, saving both time and money. Previously, they had to send faulty equipment back to China, dealing with customs formalities and paying costly shipping. Also read: Ant Creek: … Read more
The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Nearly 8000 … Read more
