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Iran may prove to become a very interesting region for all cryptocurrency activities. The government has begun issuing licenses to crypto mining firms, and the overall interest in this business model is picking up. The licensing model in Iran is worthwhile to keep an eye on. Crypto Mining is Booming in Iran Every cryptocurrency mining … Read more
New York-based blockchain intelligence firm Chainalysis has launched a new initiative to shed more light on the scope of its latest crypto crime analyses. Go to Source Powered by WPeMatico
Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is … Read more
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