A bitcoin company is granted an appeal for over $28,000 in seized cash retrieved from bitcoin ATMs last year. The cash was seized in a fraud investigation. A district court judge had ordered the money to be returned to the alleged fraud victims -- but the Iowa Supreme Court disagreed.
Iowa Attorney General Brenna Bird announced in a press conference Wednesday that she will be filing lawsuits under the Iowa Consumer Fraud Act against Bitcoin Depot and CoinFlip, the two most popular cryptocurrency ATM companies in Iowa, for their role in helping scammers steal more than $20 million dollars from Iowans.
A Coggon man said he deposited cash into a bitcoin machine and gave the bitcoin to a person who threatened him. Now, he wants his cash back after finding out it was a scam.
The county’s Zoning Adjustment Board on Jan. 24 signed two conditional use permits allowing the MiningStore, headquartered in North Carolina, to install mining sites next to two electrical substations owned by Midland Power Cooperative.
Cryptocurrency mining, which relies on cheap, abundant energy, is expanding in Iowa, with Hardin County considering two new sites.
The Iowa Democratic Party said it is “looking into” the donations from leaders of a now-bankrupt cryptocurrency company.
A second Iowa county has rejected plans to expand cryptocurrency mining in Eastern Iowa, citing concerns about noise and energy use.
The Grundy County Board of Supervisors voted 4-to-1 Monday not to rezone land to allow for the development of a cryptocurrency mining site -- the second in the county -- but members told the developer the board might support a different location.
This nondescript facility is one of the first — if not *the* first — large-scale cryptocurrency mining sites in Iowa.
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