Mongolia - Page 3 of 3

Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode

The Iran Grid Management Company, also known as the Tavanir, has cut off the power supply to licensed cryptocurrency miners, a significant step against its backing for the controversial adventure. The motive behind this move is however understandable as energy conservation amidst decreasing temperatures is a top priority, local Iribnews reported citing Mostafa Rajabi Mashhadi, chairman of the … Continue reading Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode

Gold Guaranteed Coin Mining Introduces Tokenised Gold Investment

Gold Guaranteed Coin Mining (GGCM) has launched the Gold Guaranteed Coin (GGC), which uses blockchain technology to store physical gold digitally. According to its statement, The GGCM will run on Binance Smart Chain (BSC). All GGC tokens are initially locked within the smart contract. Investors can participate in mining projects, tokenize gold and place it … Continue reading Gold Guaranteed Coin Mining Introduces Tokenised Gold Investment

Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

On July 18, 2023, Chinese authorities in Qingshui County, Jincheng City, Shanxi Province successfully cracked a money laundering case involving the use of the cryptocurrency Tether (USDT). The operation led to the arrest of 21 suspects, the seizure of over 40 mobile phones, and the confiscation of cash and USDT worth over 1 million yuan. … Continue reading Chinese Authorities Crack Down on 54.8 Million USDT Money Laundering Scheme

China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI

In a recent meeting, China’s Central Political and Legal Affairs Commission has emphasized the need for a systematic, legal, and source-based approach to combat overseas telecom network fraud and related criminal activities. The announcement was made on August 6, 2023, as reported by the Economic Daily. The commission pointed out that fraud groups have been … Continue reading China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI