Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

news A prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations. Heavy rain has been drenching Sichuan’s mountainous Aba prefecture since Monday, with landslides now affecting 17 counties in the area, according to local government social media posts on Tuesday. Among them, the Wenchuan county…

Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

news Blockstream has launched a colocation mining service and already counts the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers. On Thursday, the bitcoin and blockchain technology firm announced a new mining wing, Blockstream Mining, along with a BetterHash-based mining pool, Blockstream Pool. Led by cryptographer Dr. Adam Back, Blockstream is best…

Cryptocurrency Mining Legalized in Iran by the Economic Commission

After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country. On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining…

Iran Plans to Allow Crypto Mining, Central Bank of Iran Governor Says

Iranian authorities are planning to authorize cryptocurrency mining, as the governor of the Central Bank of Iran (CBI) declared, news agency PressTV reported on July 10.CBI governor Abdol Hemmati reportedly claimed that the Iranian government has approved some parts of an executive law that would authorize mining of cryptocurrencies such as Bitcoin (BTC) in Iran.…

Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines

Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities. Officials subsequently discovered and removed the mining hardware from two former factories. Arash…

Bitcoin Miners Diversifying from China to the US over Regulatory Concerns

Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US. Squire Mining to Host 41,000 ASICs Canadian-based blockchain firm Squire Mining, a leading miner in the…

Trend Micro Detects Major Uptick in New Strain of XMR Malware Targeting China-Based Systems

Cybersecurity firm Trend Micro has detected a major uptick in monero (XMR) cryptojacking malware targeting China-based systems this spring. The news was revealed in an official Trend Micro announcement on June 5.As previously reported, cryptojacking is an industry term for stealth crypto mining attacks that work by installing malware that uses a computer’s processing power…

Hodler’s Digest, May 20–26: Top Stories, Price Movements, Quotes and FUD of the Week

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekCopyright Registrations Do Not Recognize Craig Wright as Satoshi NakamotoAlthough self-proclaimed…