Iran, for the second time this year, ordered a shutdown of authorized cryptocurrency mining centers as part of efforts to ease the strain on the country’s power plants and avoid blackouts, according to Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry. This is part of…

Tech billionaire Elon Musk has unveiled the identity of the person who he believes is the mysterious Satoshi Nakamoto, the creator of Bitcoin. Speaking on the Lex Fridman podcast, the entrepreneur said that computer scientist and cryptographer Nick Szabo might have developed the cryptocurrency. Musk said that Szabo’s theories, particularly the term “smart contacts” and…

While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. Helen Partz collected some prominent cases on Cointelegraph.   As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing…

iBLOXX Proprietary Trading DMCC, a fintech trading firm based in Dubai, announced last week that they had been granted the License for Proprietary Trading in Crypto Commodities by Dubai Multi Commodities Center. iBLOXX designs AI and Machine Learning algorithms to manage active trading models for various instruments across traditional and crypto commodity markets. “This license…

ColossalBit, Dubai’s crypto consulting, advisory, design, and development company, launches MetaTerrace, a lounge restaurant in the Central Park Towers, Dubai International Financial Centre (DIFC). MetaTerrace is a unique establishment, which is mixing the digital and physical worlds, portraying the principle of the metaverse. Gulf Digital News announced that the launch of the ultra-modern space at…