Iranian Courts Order Return of Thousands of Seized Crypto Mining Machines: Reports

2023-1-4 12:48

The country has been cracking down on mining to deal with power shortages.

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Why China’s Move Against Bitcoin Is Turning Out To Be The Best Thing Ever For The Crypto Market

Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […]

2021-6-23 12:54


Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman

Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentThe post Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman appeared first on AMBCrypto.

2021-1-26 20:00


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Bitcoin Plunges Below $11,000 as Selling Pressure from Miners Ramps Up

After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in the form of a sharp selloff following a prolonged bout of sideways trading within the lower $11,400 Analysts are now noting that the market is now at serious risk of seeing further downside This comes as multiple large BTC mining pools begin offloading their holdings […]

2020-9-4 21:00


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Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft

Sept 1, 2020 — Two Malaysian cryptocurrency mining facilities have been raided by law enforcement for an alleged electricity theft totaling more than $600k. According to reports by local news outlet The Star, the raids were conducted as a joint operation between Malaysia’s Energy Commission, the Tenaga Nasional Berhad (TNB) power utility firm, and local […] The post Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft appeared first on BeInCrypto.

2020-9-2 12:50


Venezuela Bans Crypto Mining At Government Provided Housing Due to Energy Demands

The Venezuelan government outlaws mining of Bitcoins (BTC) in any state-owned public housing projects due to ‘high electricity consumption’ and ‘disruption of the national grid supply. ’ However, a group of critics on the moving state the problems facing electricity in the country are inherent to the government’s negligence.

2020-7-20 17:00