Like any other high-power computing hardware, Proof-of-Work mining rigs turn lots of electricity into lots of heat, which makes this business very sensitive to geographic location. Large mining farms and data centers tend to congregate around the cheapest electricity providers available, preferably somewhere colder.
“A big battle has been raging in recent years over our privacy. The coronavirus crisis could be the battle’s tipping point.” That’s a warning from a Financial Times’ article by Yuval Noah Harari, the author of “Sapiens,” about the loss of freedom in a time when many are willing to sacrifice everything for the feeling […]
In November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.
A Chinese pyramid scheme called PlusToken has managed to gain notoriety as a significant factor influencing Bitcoin’s price. Just recently, a hefty bunch of 11,999 BTC from its wallet started moving, putting the watchful members of the community on high alert: an en masse sell-off of this much Bitcoin wouldn’t be a good thing for […]
The crypto-exchange BTC-e was operational between 2011 and 2017 but its history is still being made. The platform was involved in a major international money laundering scheme, but there’s much more to its story: hackers, insurgents, threats, and a whole load of Bitcoin.
From the moment of its inception, the Tron platform and its founder Justin Sun have garnered significant attention from news media within the crypto-industry. There are perfectly legitimate reasons for this, such as important technological releases or major acquisitions. There is also an abundance of much more controversial news hooks, surrounding the person of this […]
On December 9, 2018, in the Indian city of Jaipur QudrigaCX CEO Gerald Cotten (30) allegedly died of cardiac arrest. He was reported to have suffered from Crohn’s disease and on the day of his death turned out to be the only holder of private keys to cold wallets with QuadrigaCX’s users’ assets worth $137 […]
There are important lessons that go by with seemingly minuscule effects. The legendary MMM, a pyramid scheme orchestrated by Sergei Mavrodi in the 1990s, is one of them. The post-Soviet countries of the period were somewhat of a Wild West. The opportunities were huge, but not everybody was in a position to seize them. Those […]
Many OneCoin investors still believe they are taking part in the global financial revolution. Despite a slew of arrests and serious allegations mounted against the organizers of the scheme, they continue to invest, oblivious to any criticism. What started as just another Ponzi scheme has eventually evolved into the largest scam of the decade and […]
“I’ve moved on to other things. It’s in good hands with Gavin [Andresen] and everyone” — this message was sent by Satoshi Nakamoto to a developer Mike Hearn on April 23rd, 2011. It is considered to be the last or one of the last confirmed contacts with the creator of Bitcoin before his, her, or […]
In mid-July 2019, the website of the Irish bitcoin exchange Bitsane launched in late 2016 suddenly became empty, all social media accounts were deleted, and the assets of almost 250 thousand users disappeared along with the team. The administration bravely ran away.
After our earlier feature on the accusations addressed to Kibo by some community members was published, ForkLog has undertaken its own investigation with experts, developers, lawyers and active members of the Russian-speaking cryptocommunity providing their assistance.