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The post Bitcoin News Summary – July 1, 2019 appeared first on 99 Bitcoins.
Here’s what happened this week in Bitcoin in 99 seconds. ?????????? A video surfaced this week of an Iranian Bitcoin mining operation running inside a mosque, buildings which receive free electricity in the country. It was reported that $260k worth of Bitcoin has been mined inside 100 different Iranian mosques. Meanwhile, the government is shutting […]
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Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Mining Heavy-Handed Regulations Run Cryptominers Out of Iran Large-scale miners in Iran have begun to move abroad as a result of strict cryptomining regulations imposed by the government in early August 2019. After over a year of back and forth, the Iranian government finally recognized cryptomining as an industry, but it comes at a steep price for miners. The price of electricity offered to miners is equivalent to the average price at which Iran exports electricity to other countries. Many miners have decided to move to other countries, including Russia, Georgia, Kazakhstan and even Iraq as a result of prices they deemed to be uneconomical and noncompetitive. …
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In a daring proclamation, cryptocurrency trader KALEO and two other top analysts, are shaking the foundations of the market with…