U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator […]
Bitcoin in December: $30,000
Yesterday, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe […]
Chinese Police Arrest Crypto Hackers
Chinese police from multiple cities have arrested three individuals who allegedly stole bitcoins and other cryptocurrencies worth around $87 million. Chinese news agency Xinhua reported on Saturday that the three were busted on Aug. 15 in Hunan, Changchun provinces, and the capital city Beijing, respectively, after a months-long investigation launched by the police. According to the report, […]
Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand – one that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group approached and solicited Finnish businessman Aarni Otava Saarimaa in June […]
