The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has …
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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 discovered a number of reasons that prompted it to make the decision that will not sit well with crypto miners. […]
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 activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of Bank of America-owned […]
Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report
The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U.S. Per a …