Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions

by webwriter | May 17, 2022 | Crypto Updates

Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 Bank Accounts Blocked Iran’s...

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

by webwriter | May 16, 2022 | Crypto Updates

Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids...

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown

by webwriter | May 16, 2022 | Crypto Updates

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial...

Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

by webwriter | May 15, 2022 | Crypto Updates

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate...

Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

by webwriter | May 15, 2022 | Crypto Updates

The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. Initial Assessment Filing The Nigerian Securities and Exchange Commission...

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

by webwriter | May 14, 2022 | Crypto Updates

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic,...