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Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000


Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues...

Iran to Increase Penalties for Unauthorized Cryptocurrency Mining


Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency...

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms


Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down...

User Registration and Auth Using Firebase and React


The ability to identify users is vital for maintaining the security of any applications. Equally important is the code that’s written to manage user identities, particularly when it comes to avoiding loopholes for unauthorized access to data held by an … User Registration and Auth Using...

Crypto.com Suspends Withdrawals After 'Unauthorized Activity'


  Major crypto platform Crypto.com has suspended withdrawals and says that all funds are safe after what has been described as “unauthorized activity” in a small number of user accounts. The update from Crypto.com followed user reports from earlier today about unusual on-chain activity from...

Pakistan’s Central Bank Decides to Completely Ban Cryptocurrency: Report


The State Bank of Pakistan (SBP), the country’s central bank, has reportedly come to a decision to ban the use of all cryptocurrencies within the country. The central bank has also asked the Sindh High Court to ban “unauthorized operations” of crypto exchanges and impose...

Illegal Crypto Miners Threatened With Jail Time in Russia


Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...

Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao


The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million...

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