Governor of Iranian Central Bank revealed that the government has prepared parts of an executive law to authorize crypto mining. Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, news agency PressTV reported on July 10. CBI governor Abdol Hemmati reportedly claimed that the Iranian […]
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Deputy governor for new technologies at the Central Bank of Iran said that buying and selling bitcoin is illegal in the country. Buying and selling cryptocurrencies like bitcoin (BTC) is illegal in Iran, a senior government official declared, according to a report by local news agency Tasnim News on July 8. Nasser Hakimi, deputy governor […]
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The Bitcoin hashrate reached new all-time highs today. The Bitcoin (BTC) hash rate reached a new all-time high today, according to data from monitoring resource Blockchain.com on July 7. The previous record was broken in the second half of June, when bitcoin’s hashrate reached 65.19 TH/s and growth has steadily continued since then. Hash rate […]
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Regulatory pressures continue to have an effect on the most popular countries to mine cryptocurrencies. A move by the Iranian government to cut off the power supply to local Bitcoin (BTC) miners grabbed headlines in June amid a soaring price gain by the preeminent cryptocurrency. As Bitcoin surged to prices not seen since 2017, a […]
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Iranian Assistant Minister of Trade says that US Congress is trying to stop BTC mining in Iran. Saeed Zarandi, Iranian Assistant Minister of Industry, Trade, and Supply, said that US Congress is working to stop Iran’s access to cryptocurrencies and Bitcoin (BTC) mining, as reported by local news service Al-Fars on July 6. According to […]
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sponsored A remote mining company says it enables individuals to lease hashing power from state-of-the-art mining centers. With demand for Bitcoin on the rise in response to soaring prices of late, attention is increasingly being turned to mining. However, the market has changed from the early days of cryptocurrency, when Bitcoin was in plentiful supply, […]
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Academic researchers at the University of Cambridge have launched a real-time index that tracks the total electricity consumption of the bitcoin network. Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network. The news was revealed in an announcement posted by the […]
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Bitcoin mining operator Argo is seeing soaring profits in line with the current bitcoin bull market. United Kingdom bitcoin (BTC) mining operator Argo Blockchain surpassed its own expectations in Q2, the company said in a new report released on July 2. Argo, which previously said it had benefited from the upturn in bitcoin prices, said […]
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Bitcoin miners now employ almost 70 quintillion hashes per second to maintain the blockchain. German Bitcoin (BTC) mining company Northern Bitcoin has signed a deal to buy almost 5,000 mining rigs from Bitmain and Canaan Creative, the company confirmed in a press release on July 1. Northern, which is headquartered in Frankfurt but operates a […]
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Authorities in Iran have confiscated about 1,000 units of bitcoin mining machines from two now-defunct factories. Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28 As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked […]
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