Author: Mark Emem

Mining

US Regulator Fines and Suspends Former Banker for Mining Bitcoin

Mark Emem

By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice. Kim is an ex-employee of Bank […] The post US Regulator Fines and Suspends Former Banker for Mining Bitcoin appeared first on CCN.com

Mining

Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

Mark Emem

As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. Bitcoin mining in Iran nearly as profitable as in China According to Reuters, 1,000 bitcoin mining […] The post Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques appeared first on CCN.com

Mining

Iran’s Government Officially Legitimizes Cryptocurrency Mining

Mark Emem

Cryptocurrency mining in Iran is now legal, Mehr News Agency reports. This follows a Sunday decision by the country’s cabinet to authorize the mining of cryptocurrencies. Now classified as an industrial activity, cryptocurrency miners will be required to acquire licenses from Iran’s Ministry of Industry, Mines and Trade. The green light from Iran’s cabinet comes […] The post Iran's Government Officially Legitimizes Cryptocurrency Mining appeared first on CCN Markets

Mining

Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report

Mark Emem

The Chinese maker of Bitcoin mining hardware Canaan Creative is allegedly seeking to go public in the U.S. Per a report which appeared on a Chinese social media platform, Canaan has already filed the application documents with the Securities and Exchange Commission. The cryptocurrency mining rigs maker is seeking to raise approximately $200 million from […] The post Chinese Bitcoin Mining Giant Files For $200 Million US IPO: Report appeared first on CCN Markets

Alt Coins

Bitcoin Mining Giant Named One of China’s Hottest Startup Employers

Mark Emem

China has held the crown for being the home of some of the largest makers of bitcoin mining equipment for years now. According to LinkedIn, one of these bitcoin mining rigs has emerged as a favored destination for job seekers in the world’s second-largest economy. Per CNBC citing a report by the Microsoft-owned professional social […] The post Bitcoin Mining Giant Named One of China's Hottest Startup Employers appeared first on CCN Markets