Yingjiang county to cut off Bitcoin miners from hydropower stations
The Yingjiang county of Chinese province Yunnan have issued stern warnings to hydroelectric facilities not to give electricity to Bitcoin mining businesses and plans to “forcibly dismantle” the power supply of any mining farm within its jurisdiction. According to a recent report, the Yingjiang County Office of the People’s Government gave notice to hydropower plants […]
Iran sets to lift Bitcoin mining ban come September
By the end of September, Iran will once again allow Bitcoin and crypto miners to operate in the nation. Authorized Bitcoin miners will be able to resume mining operations. According to the Financial Tribune of Iran, Tavanir, the country’s electricity-producing organization , announced the decision in August. Iran’s government outlawed Bitcoin (BTC) and crypto mining […]
Google bans 8 scam crypto apps from Play Store
Google has removed eight allegedly fraudulent mobile apps from the Play Store, alleging that they were defrauding crypto enthusiasts by demanding fees for an unauthorized cloud mining service. Fraudulent mobile applications have become a common way to deceive unsuspecting consumers, with a high success rate. According to Trend Micro’s recent investigation, eight Android apps were […]
Xiaomi India says it needs regulatory clarity before embracing crypto
The Indian subsidiary of smartphone maker Xiaomi says it is interested in the crypto market and what it entails but before venturing, the government must provide legislative clarity. “We will want to wait for all the regulatory things,” Manu Jain, the firm’s managing director , said in an interview with The Economic Times. Crypto is […]
Crypto is not protected by law – China’s provincial high court
A high court in Shandong province has declined to protect a plaintiff’s claim of $10,000 that was lost to crypto scam, stating that crypto is not protected by the Chinese law hence the denial. The cryptocurrency community in China has been dealt yet another setback, with news of a new high court judgement in Shandong […]