Crypto News 

Bitcoin Mining Company Kryptovault Receives…

“A Bitcoin mining company in Norway has received bomb threats after conflicts with local residents” writes Jeffrey Francis for livebitcoinnews.com. Kryptovault, a cryptocurrency mining company in Norway, has been the recipient of a bomb threat.While some towns and cities are quite welcoming of Bitcoin mining operations setting up shop, it appears that others are not. Source: livebitcoinnews.com Share This:

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Crypto Markets News 

Crypto Mining Decline Deals Blow to Nvidia…

“Do you think that Nvidia will see a resurgence in cryptocurrency related earnings once the market recovers?” writes Devashish Bhuyan for livebitcoinnews.com. Due to the ongoing decline in cryptocurrency mining, Nvidia Corp. shares dropped 5% on Friday to close the day at $244.82, down from $257.44 on Thursday.The loss comes amid reports that Nvidia’s cryptocurrency-related sales were significantly lower than expected in Q2 2018.Analysts for the company are estimating third-quarter earnings of between $3.19 and $3.32 billion.Furthermore, according to Marketwatch, the company isn’t counting on any such sales for the…

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Markets News 

Venezuelan government uses bonds to pay settlement with miner

“The payment was made as part of a settlement agreement that calls for the Venezuelan government to pay it around $1 billion related to a mining project in the country” writes Andrew Scurria for marketwatch.com. Gold Reserve Inc., GDRZF, -3.45% a miner incorporated in Canada and headquartered in Spokane, Wash., said in a statement that it had received Venezuelan government bonds with an estimated market value of around $88.5 million.A full version of this story can be found on WSJ.com When retirees should pay off their mortgages Providing critical information…

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Crypto News 

Crypto Mining 101: College Students…

“It now appears college students are trying their hand at mining altcoins at their dorm, which raises a lot of concerns” writes Jp Buntinx for livebitcoinnews.com. When college students turn to cryptocurrency mining, interesting things tend to happen.With his dedicated hardware, he began mining cryptocurrencies using campus electricity.Exploiting the “free” electricity available in dorms for mining altcoins is a potential violation of campus rules. Source: livebitcoinnews.com Share This:

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News 

Glencore profit up 13% on commodity price growth

“Glencore PLC (GLEN.LN) said on Wednesday that its net profit for the first half of the year rose 13% due to the impact of rising commodity prices and in spite of a range of issues that had dented its share price in recent months” writes Oliver Griffin for marketwatch.com. The Anglo-Swiss mining company and commodities trader said that profit for the six months ended June 30 rose to $2.78 billion from $2.45 billion in the first-half of 2017.The mining company has endured a difficult first half in 2018.Adjusted earnings before…

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Crypto News 

Irate Investors Demand Extradition of Sky…

“Le Minh Tam, CEO of Sky Mining, is believed to be responsible for stealing $36m from investors before fleeing to the United States” writes Jp Buntinx for livebitcoinnews.com. Any mining operation in the cryptocurrency world will be scrutinized and, in the case of Sky Mining CEO Le Minh Tam,  the scrutiny is more than warranted. Source: livebitcoinnews.com Share This:

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Crypto News 

Hong Kong Cryptocurrency Mining Company…

“Another cryptocurrency mining scam has popped up as the founder of a Hong Kong-based company disappears with $2.5 million” writes Jeffrey Francis for livebitcoinnews.com. Captain Kirk, William Shatner, became the face of a Bitcoin mining company in Vancouver, Canada.Dennis Lau is the founder of Forger Esports, a Hong Kong-based company specializing in eSports (think League of Legends) and IT supplies.With the coming of another week, we get news of yet another scam associated with cryptocurrency mining.Back in June, Apple banned apps that included cryptocurrency mining, unless it was being done…

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Crypto News 

Report: Bitcoin Mining is Threatening the Paris…

“New research has found that Bitcoin mining is so energy intensive that it is threatening the Paris Agreement on mitigating greenhouse gas emissions” writes Rebecca Campbell for livebitcoinnews.com. They state: Do you think Bitcoin mining is a threat to the Paris Agreement?. He adds, though, that the blockchain has “significant social and economic benefits.” However, that verification process, combined with Bitcoin mining, is threatening the Paris Agreement to mitigate greenhouse gas emissions.The index’s figures suggest that Bitcoin mining is the closest to Austria in terms of electricity consumption. Source: livebitcoinnews.com Share…

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Crypto News 

DMG Blockchain to Expand British Columbia Crypto…

“The move will position the crypto mining facility as one of the largest in North America allow the company to expand its mining-as-a-service (MaaS) by more than twentyfold” writes Cynthia Turcotte for livebitcoinnews.com. Will we see more mining companies follow suit in the future?. What do you think of DMG Blockchain setting up their own substation to address their power needs?. And then you have companies like DMG Blockchain who are taking their power needs into their own hands.Just yesterday, it was announced that Bitmain is planning to build a…

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