Earlier today, prices for nearly every cryptocurrency began to rapidly drop. Major cryptos like BTC, ETH, and LTC have fallen by nearly 9%, while lesser-known tokens like IOTA, NEM, and TRON have seen losses in the 15% range. While this kind of volatility is nothing new in cryptocurrency circles — three drops of similar scale […]
Last week, police in Iceland arrested 11 people in connection with the theft of some 600 bitcoin mining units over four separate incidents in December and January. With an estimated value of around $2 million, the thefts have been dubbed the “Big Bitcoin Heist” by local media. The mining hardware has yet to be recovered.
In the company’s most recent 10-K filing to U.S. Securities and Exchange Commission (SEC), chipmaker AMD officially recognized the impact of cryptocurrency mining on their company’s bottom line. GPU-based mining has been a cornerstone of cryptocurrency economy from its earliest days, but chip manufacturers and designers have typically been reluctant to recognize mining as a […]