Global Tensions Pushing Up Crypto Market Values, But Larger Forces Are Also At Play

On January 3rd the United States military killed Iranian general Qasem Soleimani with a targeted drone strike, an act that rapidly escalated tensions between the two hostile nations. The cryptocurrency market responded quickly, with prices quickly moving up. Notably, Bitcoin jumped almost four percent, reaching USD $7,250 within a matter of hours. In the days…

January 8, 20200Comments

ByTrevor Smith

Altcoins Bitcoin

Middle Eastern Banking Crises Are Highlighting The Case For Cryptocurrency

Cryptocurrency is once again becoming a popular topic in the Middle East as two countries are experiencing economic turmoil related to their banking systems. Lebanon is in the midst of a full-blown banking crisis that has now led to a collapse of the ruling government. Meanwhile, Iranian protests have led to the burning of a…

November 23, 20190Comments

ByTrevor Smith

Iran Sending Mixed Signals on Cryptocurrency Legalization

Global leaders are beginning to accept the fact that cryptocurrency represents a significant threat to the economic status quo. Responses have been mixed, with many nations sending confusing signals over crypto legality and regulation. Iran is one of these states, as it has recently taken moves both hostile and supportive of blockchain asset development. It…

October 5, 20190Comments

ByTrevor Smith

Iran Officially Legalizes Crypto Mining

The Iranian government recently approved digital coin mining. The announcement which was made on July 2019 by the country’s Economic Commission, has prompted authorities to find ways to control crypto mining within its current legal structures. Thanks to the country’s reduced electricity costs, mining has been thriving even before it was officially legalized. Mining Electricity Costs A…

August 14, 20190Comments

ByGrace Muthoni

News

Curated blockchain and cryptocurrency news – Week 4’19

Cboe exchange withdraws VanEck-SolidX ETF proposal prematurely, IMF consulting Malta on how to continue and what to fix, South Korean exchanges joining hands to prevent scammer and hacker success, Maduro's gold stuck in the UK due to US sanctions (Kraken CEO has something to say about that), Kik messenger likely to bravely go to court…

January 30, 20190Comments

ByZoran Spirkovski

Altcoins Bitcoin

States Continue to Explore issuing National Cryptocurrencies With Mixed Results

As cryptocurrency adoption and blockchain development grows, states across the globe continue to explore the idea of issuing 'national cryptocurrencies.' This concept is fiercely debated, with various nations taking different approaches to the subject. The results are an emerging patchwork of various policies and projects, which serves to demonstrate the tremendous challenge central banks are…

November 12, 20180Comments

ByTrevor Smith

News

Iran Edges Closer to Launching a National Cryptocurrency

The Iranian authorities continue to press ahead with their plans to develop a national cryptocurrency with the state-led project said to be in its final stages. The digital currency is based on Hyperledger's Fabric Platform technology, and has been developed by the Iranian technology company Informatics Services Corporation (ISC). The unnamed cryptocurrency will be issued by…

October 30, 20180Comments

ByKem

News Opinion Technology

Forbes Reports on Iran to Release National Cryptocurrency Before the End of 2018

Yaya Fanusie, a Forbes contributor recently published an article detailing Iran's intention to evade U.S. sanctions. The main goal is to create a blockchain-based solution for the banking sector in the country, in response to reactivated sanctions following Iran's nuclear development cessation agreement. The situation is similar to what was happening in Venezuela, a country…

August 24, 20180Comments

ByZoran Spirkovski

Bitcoin News

Rogue Nations Increasingly Using Cryptocurrencies to Avoid Sanctions

Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…

July 27, 20180Comments

ByTrevor Smith

Bitcoin News Technology

Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions

After the incident of the recent international sanction placed on Iran and Russia, the financial systems of these governments have been at the verge of collapsing, and cryptocurrency seems to be the only hope for the economic rejuvenation of the two countries. The Iranian Commissioner for Economic Affairs –Mohammed Reza Pourebrahimi -has urged the central…

May 27, 20180Comments

ByZoran Spirkovski