Iranian Authorities Shut Down Two Crypto Mining Farms Amid Power Spike

Authorities in Iran have reportedly seized roughly 1,000 bitcoin mining machines from abandoned factories.

Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. B...

It’s Now Harder to Mine Bitcoin Than Ever Before

Bitcoin mining has become competitive than ever, new network data shows.

Wait for October: New Bitcoin Miner Demand Is Again Outstripping Supply

Bitcoin's price jump has juiced demand for new mining equipment, with some models on backlog until October.

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business acti...

Wasted Naysayers Continue to Flog Wasteful Energy-Consuming Bitcoin

By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process. Fo...

Major African Insurer Refuses to Cover ‘Risky’ Crypto Mining Equipment

By CCN Markets: One of Africa’s largest insurer, Old Mutual, announced that it will no longer cover crypto mining equipment due to lack of regulation, wrote IOL on June 12. After researching the industry, the Pan-Africanist financial group discov...

$10.8 Billion Bitcoin Tussle Heats Up as Florida Court Summons Craig Wright

By CCN Markets: Craig Wright is to appear in a Florida court next week to contest allegations that he stole 1.1 million Bitcoin from his old friend, Dave Kleiman. Wright had initially appealed to postpone proceedings or be allowed to attend via video c...

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight.   As data from SEO analyzer Sistrix shows, our visibil...

Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show t...