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Iran’s parliament votes to institute a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges. Go to Source Powered by WPeMatico
Iran’s Ministry of Industry, Mining and Trade issued a license to Turkey-based company iMiner for operating in the province of Semnan. Go to Source Powered by WPeMatico
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the … Read more
Data of 42 million Iranians using unofficial Telegram messengers got publicly exposed online Go to Source Powered by WPeMatico
The bitcoin marketplace Localbitcoins was once the most popular peer-to-peer (P2P) trading platform. But during the last few years, the company’s trading requirements and KYC implementation have caused an influx of traders to migrate to different P2P crypto markets. The mass departure has caused business on Localbitcoins to drop like a rock and volumes haven’t … Read more
Using cryptocurrencies is often associated with dubious and illegal activities. In Iran, one general advocates for using Bitcoin, as it helps evade government sanctions. It is uncanny how the public perception of cryptocurrencies continues to shift. Bypassing Sanctions With Bitcoin Advocating the use of Bitcoin and altcoins to evade government sanctions may be a bridge … Read more
Speaking from Iran on Wednesday, a top Iranian General has called for more sophisticated methods to evade sanctions, including the use of cryptocurrency Go to Source Powered by WPeMatico
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, … Read more
Iranian trade and mining authorities have issued over 1,000 licenses for cryptocurrency mining so far Go to Source Powered by WPeMatico
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces … Read more
