Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining RigsAuthorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues […]

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Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin

Global Law Enforcement Has Auctioned Massive Amounts of BitcoinLast month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities […]

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