Iran has shut down 1,620 illegal mining farms

Iranian authorities shut down 1,620 illegal cryptocurrency mining centers, which together consumed 250 MW of power, the Financial Tribune reported. According to a spokesman for state energy company Tavanir, these farms have continued to operate illegally since 2019, when mining was legalized in the country. "Tavanir is strict about unauthorized miners. Those who use subsidized electricity will be fined the amount of the losses caused to the...

Trump bans eight Chinese payment apps

Donald Trump stands in front of a lectern By decree, US President Donald Trump has banned eight Chinese payment service providers in the US. Among them are AliPay and WeChat Pay. It is the latest attack in the raging trade war between the two economic powers. Donald Trump is in the final days of his presidency. The outgoing US president is now using one of his last acts in office to ban several Chinese payment apps in the US. To this end, Trump...