crypto plants
Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms
Power plants in Iran are considering supplying surplus electricity to Bitcoin and cryptocurrency mining farms in the nation.
Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin
Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.
Binance Launches Crypto Plant Collection Game with 2 Million Points Reward Pool
Binance introduces a new game where users can collect Crypto Plants and share a 2 million Binance Points reward pool, enhancing user engagement and loyalty.
Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.
Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia
Powerledger enters into a partnership with Powerclub, an Australian electricity wholesaler for better energy usage, allowing the integration of power club's blockchain ledger application.
China Allows Building of Hydroelectric Plant in Well Known Bitcoin Mining Town
Government authorities in China have allowed construction to go ahead to increase the capacity of current hydroelectric plants in the Ya'an district of Sichuan, a town popularly known in cryptocurrency circles to be teeming with Bitcoin miners.
Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves
Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.
Ireland's CAB Seizes Bitcoin Worth €52 Million from Drug Dealer
Ireland’s Criminal Assets Bureau (CAB) has been given the go-ahead by the high court to seize Bitcoin valued at €52 million, approximately $56 million USD, from a forty-nine-year-old drug dealer.
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement
Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.
Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto
China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.
United States Moves Forward With Crypto Regulation
Two new crypto-related bills were discussed among the House Agriculture Committee this week as the United States moves forward with crypto regulation.
Silvergate Bank Contemplates Crypto-Lending
Silvergate Bank seeks to become a crypto lender based on the considerable demand witnessed in this sector.