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Iran with 8% of total Bitcoin only USA and China hold more

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.

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