iran

Crypto mining allegedly worsening air pollution in Iran

The 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 mining in Iran coupled with the demand for heat in an exceptionally cold winter have contributed to a natural …

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The World Is Never Getting Off Government Stimulus

The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe. On this week’s weekly recap, NLW looks at: Bitcoin’s resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold JPMorgan’s dramatic three-year attitude shift around …

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Feds blame Russia, Iran for election misinformation and threatening emails

Rep. John Ratcliffe, (R-TX), testifies before a Senate Intelligence Committee nomination hearing on Capitol Hill in Washington, Tuesday, May. 5, 2020. Pool via Getty Images At a press conference on Wednesday evening, Director of National Intelligence John Ratcliffe told reporters that two foreign actors, Iran and Russia, have been identified as taking actions to interfere …

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Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining

Iran-based bitcoiner Zahra Amini was used to answering questions on cryptocurrencies, but usually about their relationship with crime. So when a 70-year-old man recently asked her to explain crypto because he no longer wanted to rely on the national rial, Amini felt something had changed.  “If people that age are thinking about storing their wealth …

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Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants

Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that the “necessary equipment has been installed in three power plants of Ramin, …

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Iranian hackers’ Android malware spies on dissidents by stealing 2FA codes

REUTERS/TIMA It’s no secret that some countries have spied on their citizens through innocuous-looking apps, but one effort is more extensive than usual. Check Point Research has discovered (via ZDNet) that Rampant Kitten, an Iranian hacker group that has targeted the country’s political opponents for years, has developed Android malware focused on stealing two-factor authentication …

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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete …

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The Iranian government took down over a thousand crypto mining farms

Whistleblowers 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 subsidized electricity, their report clarified that no significant changes were spotted in terms of electricity consumption. Local authorities said that this is …

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Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400

Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly. The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and … read more. Amid US …

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Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran

During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate one of these regulated bitcoin mining farms in the oil-rich …

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