Iranian authorities will tighten the punishment for unlicensed mining

In the Islamic Republic of Iran, they are going to pass a law according to which the illegal use of electricity for the extraction of cryptocurrencies is punishable by a large fine and prison. Mohammad Khodadadi Bohlouli, a spokesman for the state-owned electric power company Tavanir, said the tougher penalties include a minimum of three to a maximum of five times fines, imprisonment, and, in the event of a repeat violation, revocation of business permits.…

Core Scientific began to report daily on mined bitcoins

The mining company Core Scientific (CORZ), in order to demonstrate the transparency of reporting, launched a functionality on its website that displays the daily production of bitcoins. CORZ said the innovation is being introduced primarily for the attention of investors and regulators. The data will be updated every day at 12:00 ET (19:00 Moscow time) on the home page of the mining company (top left). CORZ CEO Mike Levitt said the data is “one of…