Search Results for: mining
Cryptojacker arrested in Ukraine over EUR 1.8 million mining scheme
January 26th, 2024
The National Police of Ukraine (Національна поліція України), with the support of Europol, has arrested an individual believed to be the mastermind behind a sophisticated cryptojacking scheme. The 29-year-old individual was apprehended in Mykolaiv, Ukraine, on 9 January. Three ...
Europe stocks climb as mining, tech shares rise on volatile day
November 30th, 2018
European stocks rose in volatile trading, with mining, technology and industrial shares leading the gains following a sharp rally on Wall Street sparked by dovish comments from Federal Reserve Chairman Jerome Powell. The Stoxx Europe 600 Index was up ...
Mining bitcoin uses more energy than what’s needed to excavate gold, platinum or copper: study
November 8th, 2018
Extracting a dollar’s worth of cryptocurrency such as bitcoin from the deep Web consumes three times more energy than digging up a dollar’s worth of gold, according to researchers. There are now hundreds of virtual currencies and an unknown ...
Bitcoin mining company declares itself largest miner by capacity
July 20th, 2018
The virtual currency’s price grew 16% to $7,400 in a week, as the US Congress prepares to examine whether cryptocurrencies constitute money. Hut 8, a Bitcoin mining company out of Toronto, Canada, announced this week that it has finished ...
Former executive chairman of a diamond mining company acquitted on charges of misleading the market
June 27th, 2018
Mr Alexandre Alexander, the former executive chairman of Kimberley Diamonds Ltd (Kimberley Diamonds), was on 25 June 2018 found not guilty on two counts related to issuing false or misleading information to the market following a jury trial in ...
Israel central bank is examining issuing digital currency for faster payments
December 27th, 2017
The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed ...
Former top Executives of one of the world’s largest metals and mining corporations charged with fraud
October 18th, 2017
The Securities and Exchange Commission charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s ...
Government officials fired when caught mining bitcoin using government computers
October 5th, 2017
Two government officials of the Crimean Council of Ministers were caught mining bitcoin using government computers and were subsequently fired. They reportedly installed “malicious software” on the government’s server and programmed over a dozen computers to mine bitcoin. The ...
Bitcoin mining has become very big business
September 14th, 2017
In China’s Hinterlands, Workers Mine Bitcoin for a Digital Fortune One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk. They worked as factory hands, ...
Big Four accountant EY will replace KPMG as auditor of mining giant BHP Billiton
August 28th, 2017
Big Four accountant EY has snared a lucrative victory, replacing KPMG as mining giant BHP Billiton’s auditor. BHP conducted an audit tendering process during the year in the wake of regulations forcing firms to rotate their statutory accountants. As ...
