Friday , April 16 2021
Home / Tag Archives: Iran

Tag Archives: Iran

Officials in Iran Claim Bitcoin Mining Has Caused Several Energy Blackouts

Over the weekend, Iran was the victim of several energy blackouts that saw entire electrical grids go dark for hours at a time. Now, government heads are saying that bitcoin mining may have had something to do with these blackouts.Iran Suffers Blackouts; BTC Mining to Blame?Iran – like many of the world’s nations – has been hit hard by the coronavirus pandemic. The nation is under heavy economic stress and often sees its energy sectors mismanaged by those who have been put in charge. However,...

Read More »

45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining.45,000 BTC Mining Machines Confiscated In IranLocal media outlets reported that the police had seized about 45,000 rigs that consumed 95 megawatts per hour (MWh) of electricity at lower prices.Head of the country’s...

Read More »

Iran Becomes First Country To Use Bitcoin As a Medium of Exchange

Following new sanctions by the United States Treasury Department earlier this week, Iran now hopes to use Bitcoin for cross-border settlements, local media reported Thursday. The Iranian government amended its crypto regulations so that miners can redirect cryptocurrencies to Iran’s finance mechanism for international trades as the country’s fiat currency continues to suffer from both the US sanctions and the coronavirus pandemic. Iran Wants Only Legally Mined BTC The amended...

Read More »

Iran to Support Bitcoin and Crypto Miners By Offering Output of 3 Power Plants

The latest news coming out of Iran points to growing support for Bitcoin and cryptocurrency miners in the country.Miners will now have access to the electricity output from three power plants to mint digital assets, courtesy of Iran’s Thermal Power Plant Holding Company (TPPH).Tender For Bitcoin, Crypto Miners To Leverage Output of 3 Power PlantsAccording to today’s report from an Iranian local daily, the country’s Thermal Power Plant Holding Company (TPPH) will hold a tender to offer the...

Read More »

Iranian Cryptocurrency Exchange Allegedly Linked to Chinese Investors Busted, Police Investigates

Bitisis, an Iran-based crypto exchange, allegedly went bust. The organization was highly reported by Chinese media recently, and the suspicions are that the actual masterminds and control probably came from China instead.Gone With The Whole Investment CapitalAccording to a recent report from 8btc, the owners have controlled several overseas exchanges. The organizations had claimed to be able to carry arbitrage to attract additional individual investors. However, it all went off the radar, and...

Read More »

Ukraine Might Use Excess Electricity From Nuclear Power Generation For Cryptocurrency Mining

Merely days ahead of the Bitcoin halving, Ukraine and Iran are taking steps into expanding mining services within their borders.Ukraine plans to utilize excess nuclear power, while the Asian country has granted a license to a Turkish company to operate up to 6,000 mining rigs in Semnan.Nuclear Power Utilized For Crypto Mining?The Ukrainian Ministry of Energy and Environmental Protection recently published a press release outlining the possibility of adopting cryptocurrency mining soon....

Read More »

#874 Ethereum Jubiläum, Iran Hyperinflation & Pantera Capital CEO Bitcoin $500.000 in 2021

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 874. Heute sprechen wir über folgende Themen: Ethereum (ETH) feiert kleines Jubiläum, Iran Hyperinflation und neue Währung & Pantera Capital CEO Bitcoin Explosion bis August 2021. 1.) Ethereum (ETH) feiert kleines Jubiläum – Mehr als 10 Millionen Blöcke geschürfthttps://bitcoin-kurier.de/ethereum-eth-feiert-kleines-jubilaeum-mehr-als-10-millionen-bloecke-geschuerft/ 2.) Iran Ditches the Rial Amid...

Read More »

Bitcoin Popularity Is Growing Heavily Amongst Middle Easterners

As of late, many people have been questioning whether bitcoin qualifies as a “safe haven” asset. Some say no, considering it was not able to withstand the pressures caused by panic over the coronavirus.The Middle East Sees Bitcoin DifferentlyHowever, it looks like many traders and miners in the Middle East would disagree. Evidence suggests that bitcoin and other forms of crypto qualify as safe havens in these states, given they face tough economic conditions and sanctions brought on by the...

Read More »

Bitcoin Continues to Grow As Protests Erupt in Iran

At the time of writing, bitcoin (BTC) – the number one cryptocurrency by market cap – is trading above $8,100, suggesting that its latest bull run still has some steam behind it.Bitcoin Is Still Hitting the TopYesterday, there was concern that perhaps things had either come to an end or were slowing down given that the currency was meandering between $7,900 and $8,000. This occurred for roughly two days, which made several analysts think that bitcoin had reached its peak considerably earlier...

Read More »

Bitcoin Falls Back Into the $7,000 Range

What did we tell you all? Political unrest has a lot to do with bitcoin’s sudden rise to power. Now that relations between the United States and Iran are easing up a bit, it appears bitcoin has quickly descended back into the $7,000 range.Bitcoin Is Falling Back DownAt the time of writing, the world’s number one cryptocurrency by market cap is trading for just over $7,800. While this is not a massive difference from yesterday’s $8,000, it’s still a punch in the gut. Many enthusiasts thought...

Read More »