Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report

Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: ReportPolice in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific integrated circuit (ASIC) bitcoin miners had been consuming 95 megawatts (MW) per hour of electricity […]

Go to Source

Powered by WPeMatico

Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network

Bitpay Has 'No Current Plans' to Support Liquid or the Lightning NetworkAccording to Bitpay’s Chief Marketing Officer, Bill Zielke, onchain bitcoin payments still rule the roost as far as payments are concerned. Zielke detailed that at least in the near future, Bitpay won’t be supporting the Lightning Network or Blockstream’s Liquid project. Liquid or the Lightning Network Not on the Roadmap The top cryptocurrency payment processor […]

The post Bitpay Has ‘No Current Plans’ to Support Liquid or the Lightning Network appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

Lightning Network: Cool Enough for Twitter Jack and Fidelity, but Not IranOn Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency executive from Iran because of U.S. […]

The post Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Iranian Bitcoin Adoption Surges Amid Political Protests and Censorship

Iranian Bitcoin Adoption Surges Amid Political Protests and CensorshipReports are indicating that Iranian bitcoin adoption is continuing to grow despite the current political turmoil gripping the nation. Also Read: Bitcoin Use in Iran Welcomed by Nation’s High Council of Cyberspace Bitcoin Adoption Grows Despite Government Censorship of Online Networks Iran has witnessed widespread protests for the last week, with the media reporting that more […]

The post Iranian Bitcoin Adoption Surges Amid Political Protests and Censorship appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico