Iran Devises Way to Convert Oil to Bitcoin

This Data Breach alert was published at 25.05.2021 21.20 on Data Breach Today.

Report: Oil Provides Electricity for Cryptomining Servers
Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource into money, offsetting some of its income lost as a result of economic sanctions, according to cryptocurrency analysis firm Elliptic.

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