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Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report
6.1.2021
The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
28.12.2020
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital...
Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
10.12.2020
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
Venezuela’s Bitcoin Story Puts It in a Category of One
11.11.2020
Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
The World Is Never Getting Off Government Stimulus
31.10.2020
The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe
[aktualita] Irán legalizuje Bitcoin, potřebuje jej k financování importu v době přitvrzujících sankcí
30.10.2020
Íránská vláda mění regulaci kryptoměn, Bitcoin se tak v zemi stává prostředkem směny, který má oporu v zákoně podobně jako národní měny s vynuceným oběhem (fiat). Informuje o tom islámská tisková agentura Islamic Republic News Agency (IRNA). Krok je přímou odpovědí na poslední vlnu sankcí...
Canadian CBDC, Cred On Pause, Iran Wants Virgin Bitcoin + More News
29.10.2020
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
CBDCs news
The Bank of Canada is working with its G7 partners on its plans for a digital currency as the country wants...
Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank
29.10.2020
Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran’s Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to enable...
Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency
29.10.2020
Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue to flow
Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining
24.9.2020
Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
22.9.2020
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that...
Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners
21.9.2020
Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners
Iran’s crypto mines could be used to help fund car imports
14.9.2020
It seems that the private sector is not satisfied with the country’s local fiat money
Bitcoin News Roundup for Sept. 14, 2020
14.9.2020
As some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Iran May Fund Car Imports with Cryptocurrency Mining
14.9.2020
An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports
Geopolitical risks prevail as new players emerge in the crypto mining space
28.8.2020
China is not the only country that wants control of this highly coveted industry
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
25.8.2020
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear...