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Code Chain New Continent Announces Pre-Commitment for Bitcoin Mining Farm Expansion for 10,000 units Capacity

Code Chain New Continent Limited (the "Company" or "Code Chain") (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, today provided a business update for key operational developments. The Company plans to expand its mining operation to a global scale through a strategy that follows current...

Iran to Legalize the Import of Mining Equipment

Just two weeks after Iranian authorities announced a decision to recognize cryptocurrency mining as an economic activity, the government in Tehran is preparing to officially endorse the import of hardware equipment used to mint digital coins. The move is aimed at supporting the new industry...

Grin Is Hard Forking Every Six Months to Keep ASICs Off the Network

The Grin community is trying to keep ASICs away – but only for the next two years. Best known for implementing MimbleWimble, which refactors and in turn, improves both the privacy and scalability of its blockchain,  the developers of Grin recently released a technical roadmap that looks...

Colombian President Promises to Cut Rent Taxes for Crypto Firms

Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29. Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia....

Iran’s Central Bank Figure Hints Cryptocurrency Ban Will End

Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country. The country, which introduced a blanket ban on trading in April this year, has since seen economic...

U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry

The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in...