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Tag: sanctions

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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Russian “Agro-Anarchists” Are Ditching the Rouble for a New Cryptocurrency

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

Russian “Agro-Anarchists” Are Ditching the Rouble for a New Cryptocurrency

In Kolionovo, a town 130 Kilometers away from Moscow, Russian farmers and small businesses are increasingly making payments with a local cryptocurrency, ditching fiat for digital money. Planting the Seed of Revolution Leading the way is banker turned farmer Mikhail Shlyapnikov, who introduced the small village to cryptographic form of payments after a bank ordeal led him to look for…

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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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The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

Category: Altcoins, Blockchain, News, Regulation

The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

The Venezuela state-owned cryptocurrency, Petro, has been awarded the Satoshi Nakamoto Prize by the Russian Cryptocurrency and Blockchain Association (RACIB). The award ceremony was part of RACIB’s BLOCKCHEINF-2018 international congress. Suspected Russian Involvement RACIB is an advocacy group active in the Russian blockchain and cryptocurrency scene. Petro was one of the 13 other award recipients in different categories encompassing mainstream…

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Bitcoin Exchange Bittrex to Cut Off US-Embargoed Countries

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

Bitcoin Exchange Bittrex to Cut Off US-Embargoed Countries

Under a new set of terms of service set to launch in a few days, cryptocurrency owners from North Korea, Iran, Crimea, Syria, and Cuba will no longer be able to trade through Bittrex, currently one of the world’s leading cryptocurrency exchanges. The Seattle-based company first announced its new terms of service in early February. Valid from March 9, 2018,…

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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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