16 Jan in 21:14 Crypto News Flash
The rally in the price of Bitcoin towards its new all-time high of over $40,000 has had unwanted consequences in some parts of the world. A report by Wu Blockchain claims that Bitcoin’s mining operations in Iran could have caused blackouts in the country. As a result, Iran has ordered the cessation of activities of licensed BTC mining companies, effective January 14 of this year, Crypto News Flash writes in the article
The report indicates that most of the companies are Chinese. The increase in the price of Bitcoin has created strong incentives that have attracted Chinese investors to mining activities.
Администрация Байдена ведет переговоры с Ираном по ядерной сделке
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У Ирана оказалось 8% от общего числа биткоинов в мире Больше только у США и Китая
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Chinese Mining Rig Manufacturer MicroBT to Go for IPO in US
Jan 14 2021 · 11:01 UTC by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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The move of MicroBT to go public in the United States will be a big win for the ambitious company amid the growing demand and the ongoing rise in the adoption of Bitcoin by institutional investors.
Chinese based cryptocurrency mining rig manufacturer MicroBT is reportedly to go public in the United States through an Initial Public Offering (IPO). The news which was first broken by Chinese crypto blogger Colin Wu did not specify the projected IPO timeline for the Whatsminer manufacturer but noted that the firm has seen remarkable growths in the past year with the potential of shoring up its revenue to $1 billion by the end of 2021.