Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

post-img

Read More

Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines…

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

post-img

Read More

On Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency executive from Iran because of U.S.…

The US Government Is Powerless to Block Bitcoin Addresses

post-img

Read More

It has been widely reported this week that the U.S. government has blacklisted two BTC addresses linked to cyber crime. These particular addresses were singled out because their owners are believed to be Iranians, whose country is currently facing heavy economic sanctions from the U.S. While the BTC addresses are clearly connected to ransomware, mainstream…

Iran Completes Development of Rial-Supported National Cryptocurrency

post-img

Read More

Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas…

Global Cryptocurrency Exchanges Cut Ties With Iran After New US Sanctions

post-img

Read More

A number of cryptocurrency exchanges have reportedly cut ties with Iran after the U.S. imposed tougher economic sanctions against the Islamic Republic. Sepehr Mohammadi, head of Iran’s Blockchain Community, told local media that Binance and Bittrex are some of the platforms to have unofficially dropped Iran from the list of supported countries to receive services.…

Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them

post-img

Read More

Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For…

Bitcoin Hits $24,000 In Iran After Government Okays Mining

post-img

Read More

The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy…

Over 500 BTC Belonging to Iranians Seized by US Government: Report

Over 500 BTC Belonging to Iranians Seized by US Government: Report

Read More

According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms…