Iran Set To Deploy Mines, Oil Hits Highs — What It Means For Bitcoin
A White House official’s deleted social media post briefly pushed oil prices lower — only for them to snap back hard after US intelligence detected signs that Iran was moving to mine the Strait of Hormuz, the narrow waterway that carries roughly one-fifth of the world’s daily oil supply. Related Reading: Crypto Court Fight Not […]
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Binance.US is planning to push into decentralized finance and tokenized assets — a signal that the company intends to do more than just recover from years of legal trouble. Related Reading: Iran Set To Deploy Mines, Oil Hits Highs — What It Means For Bitcoin The announcement came alongside the appointment of a new chief […]
One of the first named plaintiffs in a new lawsuit against JPMorgan Chase says he lost $650,000 — including retirement savings — to an alleged $328 million crypto Ponzi scheme the bank helped keep running. Related Reading: Iran Set To Deploy Mines, Oil Hits Highs — What It Means For Bitcoin Robby Alan Steele is […]
Iran has now finally given a green signal to the use of cryptocurrency for imports into the nation while international trade sanctions are underway. This approval has come from Iran’s Industry, Mines and Trade Ministry. Trade Minister Reza Fatemi Amin gave confirmation that these regulations which are quite detailed have been approved and were in […]
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms Running on Natural Gas The National Iranian Gas Company, an enterprise under the Ministry of Petroleum of the Islamic Republic, has informed cryptocurrency miners about a raise of natural gas rates, the English-language daily Financial Tribune announced, quoting a report by....
Iran will not recognize cryptocurrencies as a means of payment, a high-ranking government official has indicated. His statement came as the Central Bank of Iran announced rules for the issuance of digital coins in the country. These are meant, however, for its own “crypto rial,” the pilot phase of which should start in the near future.
Accepting Cryptocurrency for Payments Is a Red Line, Iranian Minister Says
Cryptocurrencies like bitcoin will not be treated as legal tender in the Islamic Republic of Iran. Discussing regulatory matters related to the storage and....