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Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand


Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt...

South Korean Government Calls for Voluntary Regulations From Crypto Industry


The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean...

Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second


While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s)....

ORIGYN Announces the Launch of OGY to Power Its NFT Marketplace


The Origyn Foundation has launched its utility token called OGY to power Impossible Things, the upcoming NFT marketplace that is tentatively scheduled to go live on June 13, 2022. The native token is currently trading on Sonic with plans to soon go live on Bitrue, MEXC, and other exchange...

Japanese Justice Ministry Wants Law Enforcers to Have Power to Seize Crypto


  Japan’s Ministry of Justice wants to give courts and police officers the power to seize cryptoassets in criminal cases – and could allow the state to take control of tokens that have been used in money laundering operations.... Read More: Japanese Justice Ministry Wants Law Enforcers to Have...

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1


The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...

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