Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban

Iran Continues to Develop State Cryptocurrency Despite Central Bank BanIran has been developing its own cryptocurrency, a project which has yielded an experimental local crypto, despite the country’s central bank banning banks from dealing with cryptocurrencies. Iran’s Information and Communications Technology Minister has shed light on the project, commented on its alleged use to evade sanctions, and clarified the central bank’s action. Also read: Yahoo! […]

The post Iran Continues to Develop State Cryptocurrency Despite Central Bank Ban appeared first on Bitcoin News.

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Hungarian and Peruvian Localbitcoins Markets Post Record Volume

Hungarian and Peruvian Localbitcoins Markets Post Record VolumeThe Localbitcoins markets of several nations have produced significant spikes in recent weeks, with the peer-to-peer (P2P) markets of Hungary, Peru, and Venezuela establishing new all-time highs for volume when measuring in trade in fiat currency. Also Read: Bitcoin in Brief Monday: Outage Downs Telegram, Bitcoin Shines on a Bank P2P Markets of Latin America Surge […]

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Ethereum price analysis – Rising steadily towards $713.24

Ethereum price has been rising steadily during the past few days along the upwards trend line that has been evident since April  7th. $700 was repeatedly the day high on Saturday and Sunday. Repeated cycles of upwards price bursts followed by brief downwards price correction attempts have been evident on the 4 hour ETHUSD charts, since last Friday. However, the upwards trend line has been acting as a rising support level during the past few days. The market seems to be moving towards testing the resistance around $713.24 during the first few days of the upcoming week. So, can we

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The 2018 Year of Cryptocurrency Challenge – Week 16

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the fifteenth installment of my challenge. After a few slower weeks for my challenge, I’m happy to say that this week was far more productive for me. I’m going to change up the usual format of this series a little bit, but probably only for this one post. I had an interesting encounter recently that checked the boxes for all of my challenge goals. Story

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Bitcoin Price Watch: Currency Still Sits at $9,300

Bitcoin is holding its ground at $9,300. The currency has been sitting at this mark for several days, and while the price hasn’t necessarily dropped, it hasn’t jumped forward either. This suggests that bitcoin is encountering newfound resistance at its present level, and perhaps $10,000 is not as close as we originally thought. Though support remains relatively firm at the current price, bitcoin could potentially experience spikes to $11,700 and even $12,000 respectively granted it is able to move above the $9,500 mark. Once this resistance is broken, we may witness bitcoin firing forward at a rapid rate. The upside

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Bitcoin Is a Bubble! And Other Crazy Things We’ve Heard

Bitcoin is a bubble! Bitcoin is a scam! Bitcoin is a Ponzi scheme! Bitcoin will crash soon! How many times have you heard these and similar comments from people who seem completely convinced they are right? Too many times, right? Well, me too. Bitcoin, and by extension the whole cryptocurrency industry, has been described as the biggest bubble in recorded history by more people than we care to remember. Such statements are particularly bold considering that there have been some huge bubbles over the years, such as the Dutch tulip bubble of the 1630s, the Japanese real estate and stock market bubble of the

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