The bitcoin sale in Kenya can have troubles

LocalBitcoins Kenyan traders are accused of fraud in selling bitcoin to thief
01 December 2017   975

From I&M Bank and a Safaricom Pay Bill account was stolen 10.2 million KEH (approximately $100,000). In the course of the investigation the police detained three peer-to-peer LocalBitcoins brokers. They was selling bitcoins to the individual who was attempting to launder the funds. But a real thief was a user LocalBitcoins who named BADASS20.

Traders say they did not know who this user is, and that he wants to launder the stolen money. These data are confirmed by correspondence to LocalBitcoins chat. However, the investigative commission for investigating fraud in Kenya (BFIU) froze the bank accounts of these traders, they were also arrested, but then released on bail.

Strangely, BADASS20 was not identified or arrested, although transfers showed his / her bank account. The profile on LocalBitcoins was still active, although it was not visited for a week. Other users have left negative reviews, warning other users that you can not trade with this account.

This case can set a negative precedent for bitcoin Kenian traders if the government prosecutes these bitcoin traders for bank fraud only though they were unaware of the theft and their only connection to the perpetrator was through LocalBitcoins. Also it could have a negative effect on the Kenian cryptocurrency industry.


Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.