Multiple supercomputers across Europe have been infected this week with cryptocurrency mining malware.
iMiner, a cryptocurrency company registered in Turkey, has been granted a license for mining digital coins and offers trading and custody services in Iran.
The Iran government has issued over 1,000 licenses for crypto currency mining in the country where there is potential for a crypto industry worth $8.5 billion.
Managing director of power industries and electronics office of Iranian industry ministry said on Saturday that cryptocurrencies are mined for exports in Iran and trading them is illegal in the country.
In a Sunday cabinet session chaired by President Hassan Rouhani, the Iranian government authorized crypto mining as an industrial activity.
Deputy President of the Islamic Republic of Iran Customs Administration (IRICA) Jamal Arounaghi said on Sunday that any license has not been issued for importing ‘miner’ into the country.
“Chinese want to establish crypto mining farms in Iranian free zones and the important point is transfer of the investments into Iran,” head of Iran Blockchain Community Mohammad Sharghi said in a news conference on Tuesday.
An Iranian lawmaker called on the government to prepare and submit a bill on cryptocurrencies while reports indicate a surge in the country’s power consumption due to bitcoin mining.
US lawmakers have introduced a bill this week in Congress to undermine Iran’s efforts to develop its own cryptocurrency. According to New York-based CoinDesk, a news site specializing in bitcoin and digital currencies, Rep. Mike Gallagher has submitted a bill to the US House of Representatives called ‘Blocking Iran Illicit Finance Act’, calling for imposition of […]
Chinese police have arrested three suspects alleged to have stolen assets worth 600 million yuan ($87 million) through hacking, state media reported Sunday, as cyber criminals target holders of bitcoin and other virtual currencies. Police in the northern city of Xian began investigating in March when a victim surnamed Zhang complained that hackers had taken […]