Blockchain Research Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Enforcement Directorate is investigating nine overseas firms, including those in Hong Kong and Estonia, that were allegedly used to divert funds from a bitcoin-based ponzi scheme operated by Variable Tech. The scheme collected 80,000 bitcoins and diverted funds worth INR 6,606 crore ($915 million) through the nine firms to purchase properties abroad. The investigation has resulted in the provisional attachment of properties worth INR 69 crore. | Mumbai news

Miners are compensated with newly minted bitcoins and transaction fees for their processing power for the blockchain's upkeep. Although Bitcoin's value plummeted in 2018, mining the cryptocurrency is still a huge business. Individual miners can make money, but the mining pools make big money. You can learn more about bitcoin trading like bitcoin trader GBMiners is one of India's most prominent Bitcoin mining pools. Nearly the last year, the pool has mined over 1% of all blocks. Amaze Mining & Blockchain Research Ltd, created by Amit Bhardwaj, is the business behind GBMiners....