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From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful
6.8.2019
Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...
How Governments Steal Your Money and Conceal It Through Inflation
5.8.2019
Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read:...
Crypto Community Calls for Decentralized Login and Storage System, As GitHub Bans Iranian Developers
29.7.2019
Iranian software developers wake on Sunday to only find that they have been blocked by GitHub, citing the ongoing sanctions on their country by the United States. The world of crypto also seems to be worried and has called for a decentralized alternative to avoid such cruelties. Blockstack...
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...
Iranian Official Says US Congress is Working to Block Iran’s Crypto Mining
6.7.2019
Representative for Iran’s Ministry of Industry, Trade, and Supply says US Congress sees mining in Iran as a threat to the success of sanctions
Iranian Authorities Shut Down Two Crypto Mining Farms Amid Power Spike
28.6.2019
Authorities in Iran have reportedly seized roughly 1,000 bitcoin mining machines from abandoned factories
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines
28.6.2019
Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines
Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
27.6.2019
On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames...
Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
25.6.2019
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption...
Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices
25.6.2019
Iran plans to cut off power to crypto mining until new energy prices are approved, an official at Iran’s Ministry of Energy revealed
Crypto Miners’ Electricity Shouldn’t Be Subsidized: Iranian Energy Minister
10.6.2019
Low electricity costs make Iran a popular mining destination. That could change
Traders Are Now Banned From Using Localbitcoins Exchange in Iran
24.5.2019
Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade...
LocalBitcoins Imposes Restrictions on Iranian Accounts
24.5.2019
Users living in Iran can no longer create or update trade ads on the crypto exchange LocalBitcoins.com