Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm

Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into other African countries. Using Revenue Generated From BTC Sales […]

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Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms

Iran Finds Scapegoat In 'Easy Victim' Bitcoin as Officials Shut Down 1,600 Mining FarmsAs Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down. This Iranian blitz on cryptocurrency miners, however, appears to contradict the country’s previous policies towards cryptocurrency mining. The Real […]

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Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current RateThe Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the […]

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Small Washington Town is Becoming a Bitcoin Mining Epicenter 

Small Washington Town is Becoming a Bitcoin Mining Epicenter Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency? Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A Boss Mining Boom in A […]

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