Authorities in Iran have seized roughly 1,000 Bitcoin mining machines from two former factories, according to state TV reports. The action was taken following a spike in electricity consumption. Demand for power rose by 7% in June and cryptocurrency mining was thought to be the main cause, an energy ministry …
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Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The biggest cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March …
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For the last year, Facebook has been signaling it wants in on the cryptocurrency phenomenon. At its F8 developer’s conference last month, co-founder and CEO Mark Zuckerberg said he wants to make sending money as easy as sending a photo: digital, immediate, free and secure. On Tuesday, the company formally …
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