The Washington State in the U.S has frozen cryptocurrency mining operations for a year after a vote held by the city council and the activities have been suspended for a year. A member of the council explained, “We wait to see what’s going, make sure this fit in Ephrata and the Grant County has figured out how to get power to it.”
The NiemanLab under the journalism standards organization Nieman Foundation is seeking if a blockchain company like Honeycomb could support crypto mining and donate them to news organizations. The users would be able to mine Monero in mobile phones through Honeycomb and donate the income to the news publishers. The blockchain company is on the lookout for publishers to join the platform.
Bitmain has recently announced that they have purchased an open-source bitcoin cash wallet start-up called Telescope. The head of international press relations and communications at Bitmain, Nishant Sharma said, “The Telescope development team is doing some very interesting work and we look forward to working together with them on the Telescope project and future bitcoin cash projects.”
Monero (XMR) community has unveiled a website to enhance crypto security. The object of the website is to educate the public on ways to protect their computer from crypto-jacking and ransomware. The director of the Malware Response Workgroup, Justin Ehrenhofer stated, “We created this workgroup to help the victims of these mining/ ransomware attacks.”
Bitmain exchange declared the launch of ASIC chip with a SHA256 algorithm. The company also has plans to unveil new generation digital currency mining machines integrating new chip BM139. The company revealed, “The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world’s most advanced semiconductor manufacturing technologies, 7nm Finfet.
A company based in New York, Soluna Technologies revealed their current project in developing $2 billion 900MW wind farm plant to help cryptocurrency mining energy and conserve more energy. CEO of Soluna, John Belizaire commented, “Our current plan is to start construction of phase one in early 2019 and complete in early-to-mid 2020.”
The Bitfury Group has released a new generation of bitcoin mining hardware along with the bitcoin ASIC chip, Bitfury Clarke. The Bitfury Clarke ASIC is aimed at offering standardized performance and efficiency. Reportedly, the company provides enterprise-grade professional customer support and consultation for the integration of Bitfury Clarke ASIC to the mining operations.
The CEO of the crypto mining company GAW Miners, Josh Garza has been slashed with 21 months imprisonment on pleading guilty. Reportedly, the accused gave a statement revealing his remorse about the actions. The company was involved in the sale of crypto mining processing power beyond the level possessed by the firm since 2014.
Kodi, a media streaming company, announced that it would be disabling the add-ons that are found to contain cryptocurrency-mining malware. Reportedly, the affected add-ons were found in three places which were used to be mine Monero cryptocurrency remotely. Kodi also predicted that approximately 4,700 of users were affected with the cryptocurrency mining malware.
The WeChat messaging application has begun to block the official accounts that involve cryptos. An official sales channel of Bitmain possessing WeChat ID ‘antminersale’ has been blocked. WeChat found the content distributed by the account has violated the rules. Reportedly, another official account that delivers product information for mining equipment is active. The official account of Delphy also becomes unavailable.
14 hours ago
14 hours ago