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Iran – Page 36 – DIGIT INFO

Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

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

Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

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

Bitcoin.com Local Gathers Steam as Other P2P Markets Falter

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

Iranian General Prefers Using Bitcoin to Bypass US Sanctions

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

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