With the arrival of scorching summer, power outages have become frequent in Iran. Low precipitation, which its effects are seen in every part of the country, has exacerbated the situation.
With so much debt in the U.S., financial markets are entering a new paradigm, where we could see "shocking" tax changes that might involve prohibitions against capital movements to assets.
Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell over 11% from a day earlier to $35,828.06, at around 12:15 p.m. Singapore time.
Bitcoin is challenging gold: Gold price outlook is 'no longer overwhelmingly bullish,' says UOB
iMiner, a cryptocurrency company registered in Turkey, has been granted a license for mining digital coins and offers trading and custody services in Iran.
Managing director of power industries and electronics office of Iranian industry ministry said on Saturday that cryptocurrencies are mined for exports in Iran and trading them is illegal in the country.
In a Sunday cabinet session chaired by President Hassan Rouhani, the Iranian government authorized crypto mining as an industrial activity.
Iran’s Minister of Information and Communications Technology Mohammad Javad Azari Jahromi urged the regularization of bitcoin mining business in Iran given the recent reports of bitcoin miners’ use of Iran’s cheap power.
An Iranian lawmaker called on the government to prepare and submit a bill on cryptocurrencies while reports indicate a surge in the country’s power consumption due to bitcoin mining.
Once again, Central Bank of Iran (CBI) Governor Valiollah Seif warned on cryptocurrency “bitcoin” and said, “CBI does not endorse bitcoin at all.” Turning to bitcoin transactions, he added, “although transactions with this cryptocurrency have become widespread, people should be careful about this issue seriously.” Transacting with bitcoin is followed with several risks, he said, […]