Bitcoin Mining Firm

Ransomware attack on Malaysian media firm demands 1000 BTC – Chepicap

Ransomware attack on Malaysian media firm demands 1000 BTC – Chepicap

A major media group in Malaysia has been hit with a ransomware attack. The hackers are demanding 1000 Bitcoin (BTC), worth around $6.45 million, to let Media Prima have access its servers again. Media Prima currently operates a huge variety of media-related businesses in television, print, radio, out-of-home advertising, content, and digital media. It owns […]

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud – CoinDesk

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud – CoinDesk

The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme. According to a press release issued Friday by the CFTC, the trader, Arizona resident Joseph Kim, admitted to defrauding investors of hundreds of thousands of dollars after misappropriating more than […]

What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada – CCN

What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada – CCN

Twitter Facebook LinkedIn The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining […]

Financial Report: Canadian Bitcoin Mining Firm Posts Record $13 Million in Q3 – Blokt

Financial Report: Canadian Bitcoin Mining Firm Posts Record $13 Million in Q3 – Blokt

A Canadian Bitcoin mining firm, Hut 8 has reported record revenue of CAD17.7 million ($13.4 million) in Q3, according to its quarterly financial report ending Sept. 30th published on Nov. 8th. The mining firm which claims to be the largest public cryptocurrency company by operating capacity and market capitalization attributes the increase in revenue to […]

Four Crypto Firms Ordered to Cease and Desist by Colorado Securities Commissioner – Cointelegraph

Four Crypto Firms Ordered to Cease and Desist by Colorado Securities Commissioner – Cointelegraph

Colorado State Securities Commissioner Gerald Rome has issued a cease and desist order to four Initial Coin Offerings (ICOs) for allegedly offering unregistered securities, according to an official notice published Nov. 8. The orders come as part of a state operation by the “ICO Task Force” within the Department of Regulatory Agencies (DORA), which in […]

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