After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations.According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing...
Read MoreBitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions. In a Feb. 18 announcement of the settlement, OFAC said that...
Read MoreEvery Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s note“It was the best of times, it was the worst of times,” begins the most famous...
Read MoreSignal is reportedly under attack from Iranian authorities as interest is surging amid speculation the government already has access to users’ information on other popular messaging apps.According to Al Jazeera, many users of...
Read MoreIt is especially important for countries to become more aware of cryptocurrencies, especially with components like decentralized finance rising in prominence. Now that the Middle East is becoming more mining-friendly, the future...
Read MoreThe push by many in Iran to establish the country as a mecca for crypto miners may be having some unintended environmental consequences. According to a Bloomberg report, the energy requirements of Bitcoin (BTC) and crypto...
Read MoreAccording to an investigative report from RunRun.es, Venezuela intends to increase its use of Bitcoin to pay for imports to bypass financial sanctions imposed by the United States.RunRun.es, which was founded by Venezuelan...
Read MoreAccording to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone Organization, hopes that the Iranian government will approve a proposal to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish...
Read MoreTaras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners.During an...
Read MoreWhistleblowers helped Tavanir, Iran’s power company, shut down 1100 crypto mining farms that were allegedly operating without the proper licenses. Although Tavanir says that some of the miners were using “high levels” of...
Read MoreCrypto mining in Iran is set to become even bigger with the government giving the green light for power plants to mine cryptocurrencies like Bitcoin (BTC). The news is the latest piece of positive development on the virtual...
Read MoreIran has announced that it will now allow industrial-scale power plants in the country to operate as Bitcoin miners —- provided they don’t use subsidized fuel.In a statement to the Islamic Republic News Agency (IRNA) on July 27,...
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