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Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office

Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s OfficeThe director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining

Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto MiningAuthorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000 Rigs Remain in the Hands of Miners, Government Says In recent […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals

Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report RevealsHigher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in September Demand for crypto mining […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services

Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining ServicesOn August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency mining. Singapore Myanmar Investco Pivots Toward Bitcoin Mining In […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

Bit Mining to Deploy Another 2,500 Bitcoin Miners in KazakhstanBit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines Demolished

Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines DemolishedOver 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested so far. Over a Thousand Bitcoin Mining Machines Demolished in Malaysia […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Iran Seizes 7,000 Bitcoin Mining Machines

Iran Seizes 7,000 Bitcoin Mining MachinesIranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown

Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China CrackdownShenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert

Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine

Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top MachineRegional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New […]

Spot Ethereum ETFs could debut week of July 15, says ETF expert