Malaysia crushes 1,069 bitcoin mining rigs
What a waste
Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy.
China crack down not the reason for bitcoin crash
Miners had enough before it happened
A narrative that has bitcoin crashing as Chinese authorities cracked down on miners behind the bamboo curtain is a fantasy, according to the University of Cambridge.
Swedish bloke gets 15 years for bitcoin scam
Apparently told gullible it had value
A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15 years in prison for securities fraud, wire fraud, and money laundering.
Bitcoin private equity company pollutes lake claim residents
Company hits back
A private equity outfit that converted a natural gas-fired power station into a bitcoin factory has been accused of polluting the atmosphere and heating up a pristine glacial lake, although the company says it is untrue.
Bitcoin mining just became easier and more profitable
Thanks to China thar's gold in them thar hills
The Chinese crackdown on bitcoin miners might have caused the price to fall, but it just made mining more lucrative for the rest of the world.
Bitcoin billionaire drowns
He couldn’t take it with him
Billionaire bitcoin owner Mircea Popescu has died, leaving behind a cache of virtual currency and a controversial crypto legacy.
Bitcoin fanboys rally as prices tank
Talking up the value
Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector, but it is starting to look like the crypto fanboys are trying to talk up the currency again.
Bitcoin wallets could fall to evolving quantum computers
Although there will be plenty of warning
Quantum computers could break the cryptographic security that protects cell phones, bank accounts, email addresses and bitcoin wallets within the next ten years.
Iran takes sting out of sanctions with bitcoin
Around 4.5 percent of all bitcoin mining takes place in Iran, allowing the country to earn hundreds of millions of dollars in cryptocurrencies that can be used to buy imports and lessen the impact of sanctions, a new study has found.
Thiel claims that bitcoin is undermining the US dollar
US should get in on it before it is too late
PayPal founder and Donald Trump fanboy Peter Thiel has claimed that China is using bitcoin as a “financial weapon” to undermine the US dollar.