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Reading Time: 2 minutes by Ogwu Osaemezu Emmanuel on January 8, 2021 Bitcoin Iranian authorities have hammered down a massive 1,620 bitcoin (BTC) and crypto mining farms in the state. The authorities claim the operators of the bitcoin ming farms failed to register with the government as earlier directed, according to reports on January 7, 2021. Iran Shuts Down Illegal Bitcoin Miners Having officially recognized bitcoin mining as an industry earlier in August 2019, and made it clear to operators that they must obtain licenses from the relevant authorities, the government of Iran is now clamping down on unauthorized crypto miners in the state. Per sources close to the latest development, Iranian authorities have clamped down on 1,620 unauthorized crypto mining farms that allegedly used nearly 250 megawatts of electricity since late 2019. ....
He claimed to be the first footballer to receive a salary in bitcoin. He is now reportedly receiving half of his multi-million-dollar contract salary in currency devised by the mysterious Satoshi Nakamoto. Okung has been a devoted bitcoin advocate for years, and he has been asking to be paid in bitcoin since May 2019. Okung is not receiving bitcoin directly from the Panthers. The Panthers will reportedly pay part of Okung’s $13 million to Strike, which will then pay Okung in bitcoin. Strike, an application developed by Zap Solutions Inc., which helps people convert any percentage of their paychecks into bitcoin. ....
Reading Time: 2 minutes by Anthonia Isichei on January 6, 2021 Regulation Kyrgyzstan’s central bank has issued draft crypto regulations that will create a legal framework for the country’s crypto industry. The move forms the latest effort by the government to leverage the growing virtual currency adoption in the country while providing adequate investor protection. Kyrgyzstan’s Crypto Regulations The National Bank of the Kyrgyz Republic has announced the drafting of two bills concerning crypto regulations in the country. According to a statement by the central bank, the two bills are titled: “On Amendments to Legislative Acts in the Field of Crypto-assets” and “On the Processing of Crypto-assets.” ....