Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis

Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations…  » …Read…

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Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review

Stablecoin Liquidity Surges, JPMorgan Predicts Q4 Gains, and More — Week in Review

In September 2024, stablecoin liquidity hit record highs. Meanwhile, JPMorgan analysts predicted further Bitcoin gains, citing October’s historical “Uptober” trend. The FBI made headlines by charging 18 individuals involved in crypto fraud after setting up a fake crypto operation. Economist Peter Schiff warned of impending financial ruin unless the U.S…  » …Read More

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Bitwise Seeks SEC Approval to Launch Spot XRP ETF

Bitwise Seeks SEC Approval to Launch Spot XRP ETF

Asset management firm Bitwise is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF), offering investors direct exposure to XRP through traditional brokerage accounts. “XRP has been an enduring crypto asset that many investors want exposure to,” said the CEO of Bitwise…  » …Read More

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