Former US President Donald Trump has essentially ruled out the threat of cryptocurrencies being banned if he wins another term in the White House, triggering a jump in Bitcoin prices to an all-time high.
Bitcoin, the world’s leading cryptocurrency, has experienced a significant price surge in the last two weeks, breaking above the $52,000 mark. This remarkable rise in value can be attributed to a combination of factors, including the approval of Bitcoin exchange-traded funds (ETFs), the Biden administration’s stance on cryptocurrency, and the general ...
The price of Bitcoin broke over the $50,000 mark this week, for the first time in two years amid investor excitement over inflows into spot Bitcoin exchange-traded funds (ETFs) and the upcoming supply halving.
German police have confiscated 50,000 bitcoin worth $2.17 billion in the country's 'most extensive' cryptocurrency seizure ever, it said in a statement on Tuesday.
Buying Bitcoin with cash in person is not a hard thing. In fact, most investors buy in person either through an online platform or through physical platforms. Buying in person as opposed to using trading software or assistance helps you make decisions up front.
If you would like to buy Bitcoin with cash in person, then you need to know how to do ...
Foreign Policy |Tanvi Ratna: As the United States expands its sanctions, Iran has been ramping up its use of cryptocurrencies to get around them.
In narrow terms, the economic sanctions imposed by the United States on Iran in the last two years have been effective, shrinking the Iranian economy by 10 to 20 percent. But they have also accelerated ...
MNA Irans Minister of Information and Communications Technology Mohammad Javad Azari Jahromi urged the regularization of bitcoin mining business in Iran given the recent reports of bitcoin miners use of Irans cheap power.
The minister called for regularizing the operators which are active in crypto-currency mining and added the government ...
Financial Tribune - The production of a single unit of bitcoin withdraws about 200 million rials ($1,400) in state subsidies, the Energy Ministrys spokesman for the power department said.
"Cryptocurrency miners have put enormous pressure on the national power grid and the upward consumption trend has increased concerns among energy officials," Mostafa ...
Asia Times |PETER J. BROWN: The Iranian government, which had enacted a total ban on crypto in April 2018, now appears not only willing to accept it, but also promote it. An estimated 50 blockchain-related ventures are reportedly now running in Iran as well as numerous legal crypto mining operations and licensed crypto exchanges.
Yaya Fanusie of ...
Coin Desk |Alyssa Hertig:Bitcoins lightning torch, an ongoing experiment meant to test and showcase the next-generation payments technology now in beta, has officially made it to a user in Iran.
The lightning torch finds bitcoin users testing out the network by passing around a small payment, each adding roughly 30 cents-worth of bitcoin before ...
Sputnik - Iranian authorities, together with four local banks and Ghoghnoos, have launched the PayMon cryptocurrency backed by gold reserves, aiming to bypass international sanctions. No other country has ever used gold reserves to back a cryptocurrency. PayMon is expected to be presented on the Iranian Fara Bourse OTC securities market.
Sputnik ...
The New York Times |Thomas Erdbrink:Stepping from a car into a muddy industrial site in the Iranian desert, a 22-year old European Bitcoin investor raised his voice to be heard over the roar of a gas-fired generator.
His Iranian counterparts a bespectacled information-technology specialist, a self-described hard-core Bitcoiner and the businessman ...
Al-Monitor | Maziar Motamedi: Bitcoin buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, May 16, 2018.
Blockchain technologies, especially cryptocurrencies, have become a hot topic in Iran during the past few years, just as in most other countries. Few tangible results have materialized ...
CoinDesk |Leigh Cuen: On Wednesday, the U.S. Treasury Departments Office of Foreign Assets Control (OFAC) announced that two bitcoin addresses tied to Iran residents Ali Khorashadizadeh and Mohammad Ghorbaniyan were being added to its Specially Designated Nationals sanctions list, a first for the office.
Hours later, Telegram channels across Iran ...
Press TV - Only a day after the US started to restore sanctions against Iran, the country appears to be speeding efforts to find ways around the bans ways that include the development of an indigenous cryptocurrency.
To the same effect, a top official in Tehran said President Hassan Rouhani had ordered the countrys top bank to hold a joint meeting ...
Financial Tribune - The US federal government confiscated at least 500 Bitcoins belonging to Iranians, the president of Irans Blockchain Association said.
Sepehr Mohammadi added that Iranians had spent about 250 billion rials ($5.77 million) on the confiscated Bitcoins, IBENA reported.
The reason behind the move is unclear, but is purported to ...
IFP - A senior Iranian lawmaker says digital currencies are among the major mechanisms which the Islamic Republic can use to evade the US sanctions, and the Parliament will soon discuss the issue.
Mohammad Reza Pour-Ebrahimi, the chairman of the Iranian Parliaments Economic Commission, said digital currencies can serve as an important way ...
Reuters - Irans central bank has banned the countrys banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.
Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or ...
IFP - The Central Bank of Iran says it has never recognized bitcoin and other cryptocurrencies as official currency within the boundaries of the Islamic Republic and conducts no transactions in them.
In a recent statement, the central bank rejected as baseless the reports on its role in the sales of and transactions in cryptocurrencies.
The ...
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