Spotlite and KashMiner Operations Halted by SEC

spotlite and kashminer operations halted by sec

Back in January 2018, Spotlite USA showcased a new Bitcoin miner called the KashMiner. The company also claimed that it was a licensee of camera maker Kodak. But now, Spotlite has officially halted operations and has since denied any ties to the brand. But what’s going on? Spotlite: Bad Business or Scam? There were two major signs that the KashMiner was either some kind of scam or a badly thought-out business scheme.  The first was a business model which offered very little return for its investors; Spotlite was offering 2-year … Read The…

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CEX.IO Review

cex io review

What is CEX.IO? The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market. Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from the web, mobile app, WebSocket and REST API. This London-based exchange offers buying, selling and trading services for cryptocurrencies, operating as a fiat-to-crypto exchange. CEX.IO offers a variety of payment options, including credit card, bank…

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Chinese Crypto Miner Arrested for Stealing Electricity

chinese crypto miner arrested for stealing electricity

Chinese crypto miner arrested: A man has been arrested in the Anhui Province of China for allegedly stealing 150 megawatts (MW) of electricity. Chinese Crypto Miner Arrested Local media outlet Xinhua reported the arrest today, stating that the man, known under the surname Ma, had more than 200 computers that he was attempting to mine both Bitcoin (BTC) and Ethereum (ETH) with. The computers have now been confiscated, along with the arrest of Ma. Ma said that he had purchased the computers back in April, unaware of how much it…

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Bitcoin Mining – What You Need to Know About It

bitcoin mining what you need to know about it

Crypto energy consumption: Bitcoin took the world by storm. Some experts warned against trading it, touting it as fraudulent. But as time went by, the cryptocurrency remained strong, surprising everyone. These days a lot of people are trading Bitcoin and investing in it, in hopes of making a profit. There are still some skeptics, but more people are on board with the idea than before. Bitcoin is like having gold with which you can trade. Even though the price keeps fluctuating, it has base value and can be trusted. In this…

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County in Montana Delays Decision to Suspend Bitcoin Mining Operations

county in montana delays decision to suspend bitcoin mining operations

After a wave of Bitcoin mining operations set up in areas with affordable electricity, places like Montana’s Missoula County needed to make a decision over the impact these operations have on the region. Earlier this month, it was reported that Bitcoin’s (BTC) energy footprint had nearly doubled in six months and was expected to grow. According to the study, Bitcoin could be using up approximately 0.5% of the world’s energy by the end of the year, almost the same amount used by the Netherlands. Needless to say, most people might not…

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Coinbase Index Fund is Officially Open for Investment!

coinbase index fund is officially open for investment

The Coinbase Index Fund is now officially open for investment! Coinbase Index Fund Starting today, the Index Fund is open to investment starting from a minimum of $250,000 USD and ranging to a maximum of $20 million. It is only open for accredited investors who are residents in the US. First announced back in March 2018, the Coinbase Index Fund is meant to “give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization,” where they have highlighted that they are “excited to give [Coinbase] customers…

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