Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt

Cryptocurrency mining giant Bitmain has been unsuccessful, so far, in gaining approval to be a publicly listed firm in Hong Kong | Source: Shutterstock Talking at the World Economic Forum in Davos on Wednesday, the chief executive of the Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, talked about how important it is for …

Bitcoin Exchange Giant Huobi Announces Post-Christmas Layoffs

Huobi Group has announced plans to lay off staff. Chinese mining giant Bitmain Technology and cryptocurrency exchange operator Huobi Group have both announced plans to lay off staff but for different reasons, per reports on the South China Morning Post (SCMP). Bitmain revealed its intention in a statement quoted by the SCMP, calling the layoffs …

Nvidia Stock Didn’t Drop Due to Crypto Bear Market, Inaccurate Claims

Twitter Facebook LinkedIn The market cap of Nvidia has dropped by more than $23 billion, and analysts were quick to claim that the overnight plunge in the firm’s stock price was caused by an overall drop in demand for crypto. Susquehanna Financial Group analyst Christopher Rolland said: “While disappointing, the crypto-bubble is temporary, but secular …

Russian Church Forced To Pay For Crypto Mining

A court ruling in Russia recently determined that a church must pay higher electricity fees, due to the fact that they are running cryptocurrency mining hardware on the property.  Although this is an isolated court ruling, it certainly has implications for private citizens, who are mining in their own homes. Church Investigated “Grace”, the evangelical …

Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, …

Cybercriminals Are Moving from Ransomware to Cryptojacking: Kaspersky Lab

According to a report published by Kaspersky Lab, a global cybersecurity company, there has been a significant shift from ransomware-related attacks to crypto-mining malware. The report claims that this type of attack — known as cryptojacking — has become a more profitable prospect for hackers and is the reason for the decline in ransomware attacks. …

Second Bitcoin Mining Manufacturer Plots Hong Kong IPO

China-based bitcoin mining hardware manufacturer Ebang Communication has filed to go public on the Hong Kong Stock Exchange (HKEX). The company, the third-largest producer of application-specific integrated circuit (ASIC) chips for bitcoin mining, on Monday filed an application to hold its initial public offering (IPO) on HKEX. The news was first reported by regional industry …

Monero Mining Malware Hits Apple Macs

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. A new Mac-based cryptojacking attack was reported this past week on Apple’s forums, forcing users to unwittingly run software that mines privacy coin monero. According to a Malwarebytes Labs blog post, the software was discovered when a user noticed that a process …