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Tag: Iran

Iranian Hackers Develop Ransomware to Secure Bitcoin Amidst Looming U.S. Sanctions

Category: Bitcoin, News, Regulation

Iranian Hackers Develop Ransomware to Secure Bitcoin Amidst Looming U.S. Sanctions

Iranian hackers are currently responsible for a series of ransomware attacks. These attacks tend to render a computer system unusable until a certain number of bitcoins are paid, As reported by the Wall Street Journal on August 7, 2018.  Though it’s uncertain whether the actors responsible are the Iranian government, criminals, or both, the report believes that reimposition of sanctions on…

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Bank Melli Iran Confirms Blockchain and Cryptocurrency Investments

Category: Adoption, Blockchain, News, Regulation, Tech

Bank Melli Iran Confirms Blockchain and Cryptocurrency Investments

Iran has maintained its optimistic stance on blockchain technology and cryptocurrency. In an announcement in July 2018, through its recent report that its commercial banking sector affiliate “SIC,” the country announced it would lead a new research sector focused on the “fourth industrial revolution,” compromising of technologies such as artificial intelligence, blockchain technologies, and digital assets. While Iran’s stance on allowing…

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Iran Says Using Cryptocurrency Can Circumvent the Country’s U.S. Dollar Influence

Category: Altcoins, Bitcoin, Commentary, Finance, News, Regulation

Iran Says Using Cryptocurrency Can Circumvent the Country’s U.S. Dollar Influence

Always in the news for political controversies, Iran is surprisingly emerging as a “cryptocurrency-friendly” nation. As reported earlier, Iranis use the bitcoin (BTC) route to remit money abroad, with the government taking steps to capitalize on the trend. Iran’s Cryptocurrency Push In an official statement given by the Central Bank of Iran on May 17, 2018, the country is in…

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Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

Category: Bitcoin, Commentary, Finance, News

Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

All the talk about bitcoin has made some serious noise in Iran as well. Although few in number the country has customers of cryptocurrency, and in the with the rise of digital currency, the government is planning to adopt this trend. Mohammad Reza Pourebrahimi, Chairman of the Economic Commission of the Parliament of Iran, strongly believes that a national digital…

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Iran Develops Own Cryptocurrency After Central Bank Bans Bitcoin Trading

Category: Altcoins, Bitcoin, Business, Commentary, Finance, News, Regulation

Iran Develops Own Cryptocurrency After Central Bank Bans Bitcoin Trading

Iran has developed its own blockchain-based cryptocurrency, just days after the Central Bank of Iran (CBI) banned bitcoin trading amid escalating concerns about money-laundering and bitcoin’s erratic price swings. Iran’s Bitcoin Ban Doesn’t Apply To Local Crypto Mohammad Javad Azari-Jahromi, Iran’s information, and communications technology minister said the experimental cryptocurrency is now ready, ahead of a possible return of U.S….

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Banks in Iran Barred From Dealing in Bitcoin And Other Cryptocurrencies

Category: Altcoins, Bitcoin, Finance, News, Regulation

Banks in Iran Barred From Dealing in Bitcoin And Other Cryptocurrencies

According to a report in the local media outlet, IRNA which was quoted by Reuters on Sunday, April 22, 2018, Iran has become the latest country to have its apex bank prohibit other banks from engaging in crypto transactions. The central banks of India, Nigeria, and Pakistan are among some of the others to have issued such a ruling. According…

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Iran Government U-turns on Bitcoin, but Proposes National Cryptocurrency

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Iran Government U-turns on Bitcoin, but Proposes National Cryptocurrency

In November 2017, reports indicated that the Iranian government was building infrastructure to embrace Bitcoin, which would aid in bypassing economic sanctions. However, the government has now debunked claims of giving bitcoin a legal status as reported on Iran Front Page, an independent news aggregation website. Iran’s Central Bank exploring crypto regulation To entirely deny claims of legalizing the pioneer…

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Swedish Investment Firm Sidesteps Iran Sanctions with Bitcoin

Category: Bitcoin, Business, Finance, News

Swedish Investment Firm Sidesteps Iran Sanctions with Bitcoin

Brave New World Investments AB, a major Swedish investment firm which focuses on funding companies and projects in the Middle East, has decided to accept bitcoin deposits to purchase the Iranian rial to invest in publicly-listed companies on the Tehran Stock Exchange (TSE). The vision and strategy of Brave New World (BNW) is significantly different to that of most global…

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Iran Dumps Dollars, A Move to Bitcoin Brewing?

Category: Bitcoin, Commentary, Finance, News

Iran Dumps Dollars, A Move to Bitcoin Brewing?

In a brave move against Dollar hegemony, Iran has announced its intention to dump the US Dollar, possibly opening the door for a move toward Bitcoin as a reserve currency. According to PressTV, a new common foreign currency or a basket of currencies are sought by the Iranian Central Bank to replace the US Dollar, for use in all official…

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Risk Aversion in Markets Could Signal Bullish BTC-USD

Category: News, Price Analysis

Risk Aversion in Markets Could Signal Bullish BTC-USD

Buyers were recently only able to push the market as high as $440, missing their target around $460, but risk aversion in markets could see another attempt at this level. The critical resistance at $428 has turned into support with the price action briefly moving below this level before being pushed back up. Currently, the price on the OKCoin exchange…

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