Middle East

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, …

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

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 …

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

How Bitcoin Fits Into Lebanon’s Banking Crisis

Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a result, more Lebanese people are seeking …

How Bitcoin Fits Into Lebanon’s Banking Crisis Read More »