Chinese investors reboot Iranian Bitcoin mining facility

A Chinese-Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year. After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations. According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers. Located in Rafsanjan, a city in the Kerman Province of Southeast Iran, the Bitcoin (BTC) mining farm was at the center of controversy earlier in 2021. Back in January, the authorities in the province ordered the closure of the mining hub amid sweeping electricity blackouts in Iran. Indeed, the Rafsanjan Bitcoin mining center reportedly consumes 175 megawatt-hour of electricity — almost a third of the total power allocated to crypto miners in Iran.

OKEx to Shut Down Its Crypto Business Operations in South Korea by April

OKEX intends to shut down its crypto branch in South Korea.

OKEx Korea crypto exchange to shut down as new reporting laws take effect

OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday. The South Korean branch of global cryptocurrency exchange OKEx is shutting down operations next month, OKEx Korea officially announced Tuesday. Users will have to withdraw their Korean won and crypto holdings by April 7.

OKEx Korea to Shut Down on April 7th Amid Looming AML Regulations

OKEx Korea users have until April 7th to withdraw their funds stored on the exchange as the platform is closing its services. 

Turkish Police Bust Crypto Scam that Kidnapped 101 People

A Turkish police raid shut down a Chinese crypto gang that authorities suspect forced 101 captives to work from villas in Istanbul.

Bybit to shut down operations in UK to comply with FCA mandate

In what is a move towards complying with the Financial Conduct Authority's [FCA] ban on crypto-derivatives, popular exchange Bybit has announced that it will be shutting down its operations for custom The post Bybit to shut down operations in UK to comply with FCA mandate appeared first on AMBCrypto.

China's Inner Mongolia to Shut Down Bitcoin Mining Operations Due to Energy Efficiency Concerns

A major Bitcoin mining hub in China, Inner Mongolia will be shutting down its extensive mining operations by April of this year.

China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year

Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency.

China’s Inner Mongolia to shut down crypto mining farms by April 2021

Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals.

US Authorities Take Action to Shut Down Crypto Trading Platform Allegedly Defrauding Thousands of Investors

The New York attorney general and the US Securities and Exchange Commission (SEC) have filed charges against a cryptocurrency trading platform that allegedly defrauded thousands of investors out of over a million dollars.

Curve Finance Shuts Down yv2 Pool After Finding Vulnerability

No users or funds were affected as the affected trading pool was immediately shut down.

China could shut down Bitcoin for $7B a year says Logica Capital chief strategist

Logica Capital's chief strategist believes China could attack the Bitcoin network for just $7 billion per year. Michael Green, chief strategist and partner at investment advisory firm Logica Capital, has sounded the alarm about China’s Bitcoin (BTC) mining dominance during a debate with crypto proponent Anthony Pompliano. The discussion between the Bitcoin skeptic and the Bitcoin bull has just been published by digital asset media outlet Real Vision. Green emphasized the dominant share of hash rate located within China’s borders, describing the network as “incredibly vulnerable” from the perspective of the United States. “The vast majority of the mining activity is occurring in regions like China, Russia and Iran, and if we incorporate the participation of mining pools, they control in excess of 90% of the hash rate.

EU politician reveals her conversion to crypto — Eva Kaili

"Lots of my friends lost their savings because banks suddenly shut down and nobody would guarantee their life savings.

Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms

As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms.

Ex-Goldman CEO Blankfein Says Governments Would Likely Try to Shut Down Bitcoin if It Becomes Too Successful

Blankfein misrepresented bitcoin's traceability and falsely claimed users are blind to their counter-parties.

Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam.