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Huobi Suspends Crypto Derivatives In China, Bitcoin Mining In Iran + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Exchanges news Crypto exchange Huobi has suspended crypto derivatives trading for customers in China, according to the updated user agreement....

Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies


Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms...

Iran Seizes 7,000 Bitcoin Mining Machines


Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...

Tehran Government Bans Iran Blockchain Association


The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology...

Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes


Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners....

Iran Seizes 3,000 Crypto Mining Devices in a Week


Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining...

Cheap Power Is Creating a Bitcoin Mining Boom in Argentina


Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate...

Írán kvůli suchu a vysoké spotřebě elektřiny zakázal těžbu kryptoměn


Írán minulý týden zakázal svým obyvatelům těžit kryptoměny, informuje BBC. Rozhodnutí padlo poté, co se stát v Přední Asii opakovaně potýkal s výpadky dodávek elektřiny, jež postihly i hlavní město Teherán. Podle úřadů je nelegální těžba obrovským žroutem energie. Prezident Hasan Rúhání na

No Legal Bitcoin Mining in Iran Until Late September


Iran has banned crypto mining over the summer as the electricity demand sees a major increase in this period - effective immediately. Per the Iran Front Page, Iranian president Hassan Rouhani forbidden to mine digital currencies until late September, because it puts a massive burden on the national...

Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic


Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using...

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption


Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto...

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