Iranians Turn to Bitcoin Mining to Cushion the Effects of U.S. Sanctions
Iran is in the middle of a bit of an economic crisis right now. Due to hiccups caused by the sanctions that were imposed by the United States government …
Iran
Iranian Official Believes Blockchain Can Drive Economic Growth
According to an Iranian official, the integration of blockchain technology and cryptocurrencies could provide a much-needed boost to the country’s economy, per reports on the Tehran Times. Alireza Daliri, …
People Are Still Sending Funds to Iranian Bitcoin Addresses Banned by the US Government
The two addresses publicized by the US Treasury this week as belonging to associates of those behind the SamSam Ransomware attack, a lucrative operation that ran for years and …
US Blacklists Bitcoin Addresses of Iranians Behind SamSam Ransomware
Readers may remember the SamSam ransomware attack, which cost everyday computer users a total of at least $6 million in BTC, as reported back in August. Today the US …
Sanctions Remove Iran from SWIFT, Will it Switch to Crypto as Planned?
This week, the U.S. officially removed Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, disallowing the Central Bank of the Islamic Republic of Iran from working …
Untraceable Cryptocurrency Can Help Us Bypass Sanctions: Iranian General
An Iranian general has strongly hinted that the country could soon turn to cryptocurrencies as a way to evade international financial sanctions. Brigadier General Gholam Reza Jalali, head of …
Iran Legitimizes Crypto Mining Industry, Bitcoin Price Spikes to $24,000 Locally
The Iranian government’s recognition of cryptocurrency mining as a legitimate industry propelled bitcoin price to hit record highs at a time when the country closes in on its own …
Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at …
Iran Reveals National Cryptocurrency Features as U.S. Sanctions Sting
The Republic of Iran has revealed the details of its national cryptocurrency in response to the United States-led economic sanctions. According to Informatics Services Corporations (ISC), a central bank-affiliated …
Iranian Hackers Developing Ransomware for Bitcoin, Cybersecurity Experts Warn
As the US gets ready to impose sanctions on Iran, hackers in that country are working on ransomware to secure bitcoin, according to cybersecurity experts interviewed by The Wall Street …
Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’
Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration. The Iranian Rial, …
Iran Inches Closer to National Cryptocurrency in Plan to Evade US Sanctions
Iran is preparing to launch its own “indigenous” state cryptocurrency that authorities envision will help the country circumvent the latest economic sanctions enforced by U.S. President Donald Trump. According …
Bitcoin Doing Better Than Iran’s Currency, All Rial Holders Will Lose 57% of Their Value
The national currency of Iran, the rial, is expected to lose at least 57 percent of its value by the end of 2018 amidst a correction worse than that …
Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report
Iran and Russia could turn to cryptocurrency as a solution to evade Western financial sanctions and reduce their dependence on the US dollar. Iran has been struck by a …
What Ban? Iranians Spend $2.5 Billion Buying Cryptocurrencies in Capital Flight
Iran has seen over two and a half billion in capital outflows toward cryptocurrency purchases according to a senior government official while the central bank cools talk of a …
Iran State Cryptocurrency ‘Ready’ for Experimentation: ICT Minister
A senior minister from the Iranian government has revealed that an ‘experimental model’ of the country’s domestic cryptocurrency project is ready to take off. Within days of the country’s …
Iran Government Bans Telegram, Accuses App of Causing Widespread Unrest
Iran’s judiciary banned the Telegram Monday, accusing the popular messenger app of allowing armed opposition groups to fuel unrest, according to Mizan Online, the judiciary’s news agency, AFP-Services reported. Government …
Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings
Citing money laundering concerns, the Central Bank of Iran (CBI) has banned the country’s banks from offering services to crypto firms or dealing in cryptocurrencies. The CBI’s supreme committee, …
Russian Court Bans Telegram on Heels of $1.7 Billion ICO
A Russian court has levied an official ban against messaging app Telegram, just weeks after its initial coin offering (ICO) presale raised nearly $2 billion in two private funding …