Crypto News 

BitFury Group Quintuples Its Revenue Through BlockBox…

“Moreover, governments are actively regulating Bitcoin and other cryptocurrencies This process can have negative consequences for Bitcoin mining firms such as BitFury Group” writes Jp Buntinx for livebitcoinnews.com. This company has made a name for itself in the world of Bitcoin mining, and more recently, blockchain analysis. Source: livebitcoinnews.com Share This:

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Declining Cryptocurrency Mining Earnings Not Cause…

“Have you seen declining mining revenue?” writes Jp Buntinx for livebitcoinnews.com. All things considered, the declining mining revenue isn’t that concerning.There has always been substantial debate over how profitable cryptocurrency mining is.One “positive” side effect of the declining mining revenue is how demand for GPUs will taper off.Nor will it have any real impact on cryptocurrency prices either. Source: livebitcoinnews.com Share This:

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William Shatner once called bitcoin a ‘snob currency’ — now he’s pushing bitcoin miners to use solar power

“The former Captain Kirk is a spokesman for Solar Alliance, a Canadian solar energy company that wants to help bitcoin miners go green by using solar power” writes Jeremy Berke for businessinsider.com. William Shatner wants bitcoin miners to think of the planet.”As an advocate for solar energy I was intrigued by the potential for it to power cryptocurrency mining operations.”. Recent research shows the total energy used for mining bitcoins exceeds the annual energy consumption of 159 countries.While 3-megawatts is a relatively small solar facility — and bitcoin miners need…

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FTSE 100 slides as China growth concerns weigh on mining stocks

“Rolls-Royce Holdings PLC shares RR., +2.49% rose 2.8% after the British aircraft-engine maker said it will cut 4,600 jobs, in its latest round of job reductions” writes Markets Reporter for marketwatch.com. Mining stocks were knocked back by concerns about the economic health of China, the world’s largest buyer of copper and a major buyer of other industrial and precious metals.U.K. stocks fell Thursday, as worries about slowing economic growth in China hit shares of mining companies and as investors prepared to find out whether the European Central Bank will reveal…

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Glencore settles legal scrap over Congo joint venture

“Glencore has settled a thorny legal fight in the Democratic Republic of Congo over a copper mining joint venture” writes Jon Yeomans for telegraph.co.uk. The FTSE 100 miner has agreed to recapitalise Kamoto Copper Company, which is 25pc owned by state-backed company Gecamines and 75pc by Katanga Mining, which is in turn majority owned by Glencore.In return Gecamines will drop legal action that could have resulted in the dissolution of the company and Glencore losing Kamoto’s mining licence. Source: telegraph.co.uk Share This:

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Apple Updates Guidelines, Bans Cryptocurrency…

“Apple is taking a stand against cryptocurrency mining, releasing new guidelines that ban the use of unrelated background processes, such as crypto mining” writes Rebecca Campbell for livebitcoinnews.com. Whereas in February, Russian scientists working at a nuclear warhead facility were arrested after it was alleged they had been mining Bitcoin.In March, it was reported that two Crimean government employees were fined for mining cryptocurrencies at work. Source: livebitcoinnews.com Share This:

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Apple: Don’t Mine Cryptocurrencies on an iPhone

“Apple stated that “apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”” writes Nathan Reiff for investopedia.com. However, the move by the tech company could preemptively put a halt to future mining processes for other digital currencies.Apple, Inc. (AAPL) has weighed in on the use of its iPhones in the cryptocurrency generation process known as mining.According to a report by CNBC, the tech giant recently updated developer guidelines, shifting its stance toward mining for digital currencies like bitcoin.While Apple has stated…

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Crypto News 

Google should learn from Apple’s cryptocurrency guidelines

“Cryptocurrency mining malware (also known as crypto-jacking) is one of the most rampant running virtual currency scams right now” writes June Utc for thenextweb.com. The new guidelines lay out the dos and don’ts for iOS developers building cryptocurrency and blockchain apps.Now, if you don’t know what happens when you let anyone create such apps, look to Google Play Store.The other guidelines dictate that only organizations deemed appropriate will be allowed to run apps that offer cryptocurrency related services.Indeed, Google Play has hosted fake apps disguised as popular cryptocurrency services such…

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Apple now explicitly bans background cryptocurrency mining in apps

“Instead of charging users, or including intrusive ads, it offered users access to pro features in return for allowing cryptocurrency mining in the background” writes Apple Watch Series for 9to5mac.com. As Business Insider spotted, the latest version of the same clause now explicitly lists cryptocurrency mining as an example of an activity which would breach the rule.Apple quickly put a stop to that, and has now updated its app guidelines to explicitly ban background currency mining … Apple objected to the practice at the time, arguing that it was in violation…

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