Iran

Iranian Conflict a Successful Beta Test for Bitcoin as Wartime Safe Haven

The conflict between the United States and Iran showcased bitcoin‘s emerging safe-haven appeal. | Image: shutterstock.com Bitcoin’s use-case has evolved over time. Recently, the top cryptocurrency has been surging under the safe haven narrative. While both gold and bitcoin moved higher due to geopolitical risk, the cryptocurrency has significantly outperformed the precious metal. Bitcoin’s primary...
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Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High

Fresh tensions between the United States and Iran has contributed to bitcoin‘s sharp acceleration over the past week. The same forces could send BTC to new all-time highs. | Image: shutterstock.com Bitcoin is possibly becoming a safe haven asset. The top cryptocurrency is rising in tandem with gold as tensions in the Middle East grow....
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Bitcoin Price Bounce Has Nothing to Do With Iran Situation

Tensions between the United States and Iran have been cited for bitcoin’s rapid advance Friday, but a closer look at the evidence reveals another factor in play. | Image: shutterstock.com The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the...
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How Stocks, Oil, Gold, & Bitcoin Reacted to Trump’s Airstrike on Soleimani

The sudden escalation in US-Iranian hostilities sent a shockwave through global markets. | Source: AP Photo / Vahid Salemi Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When...
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Crypto’s Counterpunch to U.S. Hegemony and Empire

“The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime.” —Hassan Rouhani, President of Iran Also Read: Crypto Confronts Social Justice Warriors Hegemony and Muslim Resistance Hegemony refers to the leadership or dominance of one country or group over others. A nation...
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Will a Unified Muslim Crypto Asset End US Dollar Domination?

Iranian President, Hassan Rouhani, has suggested a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2019. Rouhani said that the move would strengthen cooperation amongst Muslim nations and enhance resistance to financial shocks and manipulation by the US. Unified Muslim Crypto Well-Received Malaysian Prime...
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Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency

At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings,...
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Iranian President: Muslim World Could Use Crypto to Avoid U.S. Dollar

An Islamic cryptocurrency to help the Muslim world avoid American economic hegemony? One could be coming, that is if Iranian President Hassan Rouhani can convince other Muslim leaders to join the effort. President Rouhani called such leaders to action at the Kuala Lumpur Summit in the Malaysian capital on December 19th, telling those gathered —...
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Iran Successfully Averted two Cyber Attacks This Week

Cyber attacks have become very common over the past few years. It would appear hackers are primarily targeting entire nations, rather than individual targets. One country dealing with plenty of cyber attacks is Iran. Iran Thwarts two Cyber Attacks So much even that at least two such attacks took place in the past week alone....
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Iran, Hong Kong, India: Failed Protests Point to Need for Crypto-Anarchy ‘Second Realms’

What is the second realm? It’s both an abstract and concrete “place” parallel to here, where temporary autonomous zones (TAZ) provide a chance to escape the burning surveillance spotlight of the state and brutal law enforcement culture, and allow for at least temporary exercises of human rights and freedom. A TAZ may allow for free...
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15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel....
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Iran Gets Closer To Strong Financial Crisis, Can Crypto Save The Country?

Iran gets closer to a strong financial crisis because of the economic sanctions imposed on the country but can Iran avoid them by turning to crypto? Let’s find out in the latest cryptocurrency news today. Iran is really in a bad shape now and the US officials believe that the country’s finances will likely be...
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Will Crypto Save Iran from a Financial Crisis?

Iran is inching closer towards the financial crisis due to sanctions, but the country might still turn to cryptocurrencies for help. Iran is in a bad place right now, as the US officials state that the country’s finances might be in a worse situation than they believed. The country’s damaged economy has been sparking protests...
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Iran’s APT33 Hacking Unit Targets Industrial Control Systems

For quite some time now, there have been claims as to how Iran has state-funded hacking groups under its control. Those rumors will only be reinforced following a string of recent attacks against industrial control systems executed by APT33. It would appear a new group of state-sponsored Iranian hackers is making its impact felt. Is...
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Iran Violent Turmoil Could Be Catalyst for Next Bitcoin Surge

Protesters take over the streets of Iran after the government announced dramatic fuel price hikes. The regime has blocked internet access and closed its Iran border. Iranians are facing a dire situation which will likely force many to resort to a currency that offers a safe and portable store of value, such as bitcoin. Civil...
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Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift

The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions, and even tensions between allies, the push to dethrone...
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Iran Is Being Targeted for Economic Independence, Not Terrorism

New, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of...
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Iranian Government Mulls Enforcing Extra Rules for Crypto Miners

The current status of cryptocurrency in Iran raises a lot of questions. While not officially banned, there are a fair few restrictions which apply in the country. It now seems cryptocurrency miners will need to adhere to new rules in the near future. Although not an official law just yet, there will be some interesting...
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State Document Reveals Details of Iran’s Cryptocurrency Mining Regulations

Iran’s Ministry of Industry, Mine and Trade is close to finalizing a document that paves the way for legitimizing cryptocurrency mining for local and foreign citizens in the foreseeable future. In early August 2019, Iranian President Hassan Rouhani’s cabinet issued a directive that recognized cryptocurrency mining as an industry for the first time and defined...
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Bitcoin Miners to Enjoy Tax Holiday in Iran

Iran’s government is looking to provide tax breaks for bitcoin miners in the country. This move is the latest in a series of steps geared towards supporting the local crypto industry as a way of boosting the country’s economy. Meanwhile, bitcoin mining continues to see increased activity as the network hash rate approaches unprecedented levels....
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New Research Offers Insight Into Iranian Bitcoiners

Iran has been a mixed environment for Bitcoin lately, with citizens interested in participating in the community, a government hit heavily with economic sanctions and nationally subsidized power that makes it an attractive hub for mining operations.  Research announced by analytics firm Gate Trade on September 11, 2019, offered some more insight into the popularity...
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Heavy-Handed Regulations Run Cryptominers Out of Iran

The Iranian government’s recently ratified cryptocurrency mining regulations are so severe that they appear to be forcing large-scale miners to move their operations abroad.  Days after President Hassan Rouhani’s cabinet implemented a set of cryptocurrency mining regulations on August 4, 2019, reports of miners packing up their gear to move started coming in.  Russia, Georgia,...
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Reformed BTC Maximalist Erik Finman Proves the Value of Unschooling

A 12-year-old, future unschooling advocate at an Occupy Wall Street protest learns about Bitcoin while running from the cops. He invests. Later, the independent Erik Finman will become the supposed “world’s youngest bitcoin millionaire” at age 18. That’s not where the story ends, though. The high school dropout has since gone on to launch education...
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Iranians are Using Free Energy in Mosques to Mine Crypto

While the war between Trump-led administration and the nation of Iran drags on, the country’s internal squabbles with its crypto sector have no end in sight either. This week, a social media post by Oxford University researcher Mahsa Alimardani, depicted the new fad in Iran’s crypto sector. Amid the recent government crackdown, cryptocurrency miners have...
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Iran to Crypto Miners: Pay Full Price on the Power You Consume

Iranian crypto miners and traders may have to pay the full price for their electricity usage anytime soon. This is in line with a statement made by the Iranian energy minister, Homayoun Haeri, in Tehran last weekend. The minister suggested that all crypto miners and traders be billed their real costs of electricity, the Financial...
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