Arrested Archives -
“Rhythm of the Night” singer El DeBarge took matters into his own hands, and cops busted him for taking a wrench to some guy’s windshield … according to law enforcement sources. Law enforcement sources tell TMZ … DeBarge got into an…
Stormy Daniels was arrested at an Ohio strip club early Thursday after allegedly violating an “obscure” state law, per CNN —though her lawyer claims it was a set-up. Daniels, real name Stephanie Clifford, was believed to have been performing at Columbus strip club Sirens when she “was arrested for allegedly…
Stormy Daniels was arrested Wednesday night over an incident at a strip club. Stormy was performing at Sirens … a Columbus, Ohio strip club. She was arrested for allegedly allowing patrons to touch her in violation of Ohio law. According to the…
A suspected New Jersey drunk driver has been arrested and charged in the death of a boy who was killed while on his way to celebrate his first birthday. Per News 12 , 62-year-old Ronald Rebernik was arrested Saturday following the tragedy, which left 1-year-old Matias Ortega dead and his 5-year-old…
Indianapolis Metropolitan Police Department officials were quick to respond.
Chris Brown hopped off the stage and into a police cruiser after cops arrested him following a concert in Florida. Brown had a show at the Coral Sky Ampitheatre in West Palm Beach Thursday where several officers were waiting in the wings — and…
Former Malaysian Prime Minister Najib Razak was arrested and charged in connection with a multibillion-dollar financial scandal at the heart of his government. He pleaded not guilty to all charges.
WSJ.com: What’s News Asia
More than 100 homes have been destroyed by a Colorado wildfire that investigators say was started by an illegal campfire. San Luis Valley Emergency tweeted Monday night that 104 homes have been destroyed so far by the wildfire east of Fort Garland. The blaze has burned 89 square miles and…
A Democratic congresswoman was among about 575 people arrested at a rally protesting the Trump administration’s zero-tolerance policy on immigration, the AP reports. Rep. Pramila Jayapal of Washington state tweeted Thursday that she was proud to be arrested to protest the policy that has separated families at the southern border….
In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave of Kaliningrad.
Chip Manufacturer Ebang Communications Files for IPO in Hong Kong
Major mining chip manufacturer Ebang Communication has become the latest leading firm operating in the bitcoin mining industry to file for an IPO in Hong Kong.
The company’s application for IPO is in its draft form, and as such does not state the volume of funds that Ebang seeks to raise, nor does it disclose a valuation for the company. According to financial statements included in the application, Ebang generated approximately $ 140 million USD in revenue and $ 60 million in net profit during 2017. The financial statement also estimates that more than 94% of the company’s revenues for 2017 were generated through the sale of bitcoin miners, a significant spike from 31% in 2015 and 42% in 2016.
Last month, Reuters reported that Ebang Communications was rumored to be seeking to conduct a $ 1 billion IPO in Hong Kong. The report stated that earlier this year Ebang “delisted from China’s National Equities Exchange and Quotations […] after announcing in January that it would seek a Hong Kong listing.”
Earlier this year, Canaan Creative revealed it would be seeking to conduct a $ 1 billion IPO in Hong Kong. At the start of June, the chief executive officer of Bitmain, Jihan Wu, indicate that the company is open to conducting an overseas IPO in Hong Kong, or any jurisdiction in which shares would be denominated in U.S. dollars.
Chinese Miner Arrested for Allegedly Stealing 150,000 KWH of Electricity
More than 200 mining rigs have been confiscated by police in China’s Anhui Province following the arrest of a man accused of stealing 150,000 kWh of electricity in roughly a month.
According to state-operating Chinese media outlet, Xinhua News, police found that the electricity meter for the alleged mining operation had been “short-circuited” in an attempt to obfuscate the scale of power being consumed by the hardware.
The suspect reportedly told police that he purchased his mining hardware in April, however, discovered that the daily operating costs of his operations exceeded 6,000 yuan (approximately $ 925 USD). The suspect also claimed that he had not yet generated a profit on the operation at the time of his arrest.
“Whatever is not Illegal is Legal” – Mining in the Russian Province of Kaliningrad
A recent report published by Financial Times has provided an insight into the present state of mining operations in the Russian province of Kaliningrad, a Russian exclave situated between Lithuania and Poland on the edge of the Baltic Sea.
The article states that the author met with Kaliningrad Region Development Corporation (KRDC) – a state-owned institution tasked with attracting and fostering investment into the region. The report reveals that the KRDC had recently shown two datacenters to prospective mining investors, both of which were purchased by the entrepreneurs who invested $ 50 million USD into the sites.
Regarding the legal status of cryptocurrency mining in Kaliningrad, Sergei Evstigneev, the region’s IT and communications minister, stated “Whatever is not illegal is legal. There are no laws regarding cryptocurrency mining because it’s a new kind of business.”
Vladimir Zarudny, the KRDC’s director-general, stated “Kaliningrad has become a kind of lab where we can test new initiatives and legislation. We think we could be a liberal Russian territory which is friendly for doing business, and a gateway to Russian markets.”
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