Iranian Official: Central Bank Should be In Charge of Crypto’s; ‘Take Bitcoin Seriously’

An Iranian lawmaker has argued that the country's Central Bank ought to be the oversight body of Bitcoin and other digital currencies. Tasnim news agency was the first to report on this development after Rep Mohammad Hossein Farhangi (Tabriz) shared his sentiments in Parliament.

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Bitcoin, Gold, and Oil See Price Spike Following US Strike on Iranian General

The United States drone strike that killed Iranian major general Qassem Soleimani has raised several questions about global political stability. The economy has reacted strongly to the incident, with Bitcoin, gold, and oil all rising in value since.

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Bitcoin Trading is Illegal in Iran, Says Central Bank Deputy Governor

Holding, selling, and purchasing of bitcoin are illegal in Iran, an official with the central bank told Tasnim News. Deputy governor for new technologies, Mr. Nasser Hakimi, said on Monday that the Supreme Council on Countering Money Laundering had banned bitcoin trading.

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Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi, said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars.

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Iranian IT minister urges government to regulate bitcoin mining

Mohammad Javad Azari Jahromi, the country’s Information and Communication Technology Minister announced the need for a regulation on Bitcoin mining activities in the country. The news was reported by a local news agency, which highlighted a surge in the country’s power consumption due to increased mining activities in recent times.

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Bitcoin (BTC) Firm Adding 19.3%, Iranian Authorities Seize Mining Gear

Bitcoin (BTC) up 19. 3 percent China changing its wordings on Bitcoin Steadfast as they are, Bitcoin bulls could get a shot in the arm in days ahead. That’s albeit news of Bitcoin mining gear seizure in Iran.

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Iranian Authorities Impound 1,000 Bitcoin Mining Machines

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June 28, 2019.

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Iranian Authorities Crack Down On Bitcoin Mining Machines

The Iranian government is cracking down on bitcoin mining operations after claims that mining operations were destabilizing the power grid and affecting electrical access for households and businesses.

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Iranian Authorities Shut Down Two Crypto Mining Farms Amid Power Spike

Authorities in Iran have reportedly seized roughly 1,000 bitcoin mining machines from abandoned factories.

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Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines

Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines

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Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque

On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media.

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Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.

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Leading peer-to-peer exchange LocalBitcoins stops servicing Iranian users

Peer-to-peer bitcoin exchanges have established themselves as one of the few viable trading platforms for bitcoin investors in less developed or emerging markets. In struggling economies, such as Venezuela, they can even serve as a lifeline for cash-strapped citizens.

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Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins. com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.

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LocalBitcoins Denies Service to Iranian Users

The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users. LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only.

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LocalBitcoins Bans Bitcoin Buying in Iran in Blow to Rising Crypto Commerce

Another crypto buying and selling service has banned Iranian users, pushing them toward anonymous decentralized exchanges.

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P2P Bitcoin Trading Platform LocalBitcoins Leaves Iranian Crypto Traders Dry

About the author: Ali is an independent cryptocurrency researcher based in Iran. By CCN: LocalBitcoins. com, the world’s most-popular peer-to-peer bitcoin trading platform, has begun restricting its service for Iranian users this week.

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The Tiniest Fraction of a Bitcoin is Now Worth More Than 3 Fiat Currencies

Bitcoin has long been more ‘expensive’ per one BTC particularly compared to other fiat currencies. Now, its smallest unit known as a satoshi (or 0. 00000001 BTC) is now worth more than some national currencies.

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As Trump Turns Up Sanctions, Iranians Ramp Up the LocalBitcoins P2P Crypto Trading Activity

As the government of the United States continues to impose sanctions on Iran, the people of the country have decided to use Bitcoin in order to escape the international sanctions. This week, the president of the U.

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Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

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A Hacker Group is Doxing Confidential Data of Espionage Group Linked to Iran’s Government

According to an article published by Wired on April 18, 2019, a mystery hacker group for the last month has been divulging Iran’s top-level hackers’ secret data, tools, and personal identities onto a public Telegram channel.

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Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.

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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

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Will Bitcoin and Crypto Save Iranians? Elite Military Group Now a Terrorist Organization

The US President has declared that an elite military force in Iran is a foreign terrorist organization. As the sanctions from the international community pile up for the Iranian government, Bitcoin and other cryptos could save their citizens from financial woes.

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Iran’s Tourism Sector Recognizes Cryptos as Legal Tender

In a bid to survive the harsh sanctions imposed on it by the government of the United States, blockchain-based digital assets such as bitcoin (BTC) have now become legal tender in the Iranian tourism sector, and the nation’s authorities are also working hard to launch a state-backed cryptocurrency, reports AL-Monitor on March 21, 2019.

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PwC Discovers Iranian Link to Bitcoin (BTC) Laundering on WEX Exchange

The defunct marketplace was related to Iranian nationals attempting to launder funds from the SamSam ransomware.

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PwC: Bitcoin Ransomware Hackers Laundered Money via WEX Exchange

In a recent analysis, PwC states that Iranian ransomware hackers used WEX crypto exchange to launder ransomed bitcoins

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Bitcoin Can’t Be Stopped By Politics – Lightning ‘Torch’ Goes From Iran to Israel

The Lightning Network ‘torch’ payment has reached Israel after it was sent by an Iranian in a symbolic gesture of peace between the two nations. The historic occasion proves that Bitcoin is truly an apolitical and borderless money technology.

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Cryptocurrency exchange WEX/BTC-e tied to Bitcoin ransomware hackers, report

Big four accountancy group PricewaterhouseCoopers (PwC) has issued a special bulletin connecting the Iranian nationals behind notorious SamSam ransomware and the incredibly infamous cryptocurrency exchange WEX (formerly BTC-e).

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P2P Markets Report: Iranian Localbitcoins Volume Gains 190% in a Week

The peer-to-peer (P2P) markets have seen a dramatic increase in Iranian and Indonesian trade activity, with both markets posting triple-digit volume gains in recent weeks. Localbitcoins volume has also surged in select Latin American markets this past week, with the Dominican Republic, Colombia, and Venezuela posting some of their strongest trade on record.

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‘Very Sad’: Lightning Torch Creator Laments Exclusion of Iranian Bitcoin User

The Lightning Network (LN) faced unusual censorship allegations this weekend after it emerged a participant in the Lightning Torch event refused to include a member from Iran. Sending Transaction To Iran ‘Very Difficult’ In a debacle which continues to unfold on social media, Coinex executive Ziya Sadr confirmed Peach Inc.

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Bitcoin Expert Eviscerates US Treasury’s ‘Fascist’ Crypto Blacklist

In a discussion about the US Treasury Department Office of Foreign Asset Control’s addition of cryptocurrency addresses to the “no pay list,” Bitcoin speaker and celebrity Andreas Antonopoulos called the move “completely useless” and “fundamentally fascist.

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Iran’s ‘Cryptocurrency’ Has All the Traits of a Classic Sh*tcoin

Last month, Iran lifted its ban on Bitcoin to make way for its ‘crypto rial’. Now Iranian authorities have launched PayMon cryptocurrency supposedly backed by national gold reserves. Except, it’s not really cryptocurrency after all since there’s nothing peer-to-peer about it and you still need to trust an intermediary (i.

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Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson

Tidbits is a roundup of talking points from across the cryptosphere. In this edition, Jesse Powell offers to help the Canadian police investigate the supposed death of Quadrigacx CEO Gerald Cotten and the subsequent movement of funds.

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New Iranian Central Bank Draft Report Suggests Banning Some Crypto Assets from Payments, Bitcoin Included

A new draft report has come to light from the Central Bank of Iran. The report, titled, “Obligations and Rules Regarding Cryptocurrencies,” outlines new regulations for the use of cryptocurrency, which is surprisingly restrictive.

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Iran Could Ban Bitcoin for Payments, Central Bank Report Suggests

The Iranian central bank has drafted a new report outlining cryptocurrency regulations in the country.

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Iran Labels Telegram’s Coin a Threat to National Security

Tehran has once again targeted the users of the popular messaging application Telegram. A law enforcement official warned Iranian citizens against providing any support for the launch of the instant messaging app’s native token, the Gram.

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Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist

When reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or stock on the market, rather, a tool for liberation.

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Bill to Curb Iranian National Crypto Filed in US Congress

Draft legislation designed to hamper Iran’s efforts to create a sovereign cryptocurrency has been introduced in the U. S. Congress. The Blocking Iran Illicit Finance Act bans U. S. citizens and companies from all transactions and dealings in Iranian digital currency.

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Unbanked Iranian University Students Turn to Bitcoin to Pay Tuition

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Iranians Still Profiting From Bitcoin Mining Despite Market Crash and US Sanctions

Iranian people turn to Bitcoin mining due to economic difficulties caused by U.S. sanctions and still manage to profit in the current market slump thanks to low power costs

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The Daily: Atari Partners Decentralized Gaming Company, Tagomi Goes Live

In today’s edition of The Daily, we cover stories that show how crypto assets and technology continue to impact the development of everything, from mobile games to artificial intelligence. We also feature a new crypto trading venue that aims to bring in more investment from ultra wealthy families and institutions.

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Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks

Before cryptocurrencies started to be widely used for speculation, they were first of all meant to be an unstoppable method for people to control their own money. A new example that this is still a needed use case comes from the U.

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Iranian Bitcoin Trader Receiving US Sanctions Affirms Innocence In Wrongful Address Blacklisting

An Iranian Bitcoin trader called Mohammad Ghorbaniyan says that the government of the United States accused him of something that he did not do. According to the U. S. Treasury Department’s Office of Foreign Assets Control (OFAC), the man would belong in a sanctions list that cut him out of all the American financial system. […]

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Bitcoin Trader on US Sanctions Blacklist Says He’s Innocent

An Iranian bitcoin wallet holder added to the U.S. sanctions list last week says he was unaware coins he received were tied to ransomware.

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BTC/USD Price Analysis: Price Stall at $4,300 as The US OFAC “sanction” Bitcoin Addresses

Latest Bitcoin News In a laughable move, the United States Treasury Department Office of Foreign Assets Control has issued “sanctions” against two Bitcoin addresses–149w62rY42aZBox8fGcmqNsXUzSStKeq8C and 1AjZPMsnmpdK2Rv9KQNfMurTXinscVro9V—belong to two Iranians–Ali Khorashadizadeh and Mohammad Ghorbaniyan, accused on assisting hackers launder their Bitcoin proceeds.

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Iranian Bitcoin Users Are Already Being Affected By New US Sanctions

New sanctions from the US government are driving Iranian bitcoin users to pursue more secure and private wallet solutions.

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World’s First Two Bitcoin Addresses Sanctioned by US, But Does it Work?

The United States government has announced sanctions on two bitcoin addresses which they claim belong to two Iranians who, the government says, assisted in exchanging bitcoin ransom payments into Iranian fiat.

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Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes

The U. S. Justice Department recently announced the indictment of two Iranians involved in a high-profile Bitcoin ransomware attack. Iranian Hackers Collect Bitcoin as Ransom According to a report by The Washington Post, the Justice Department of the United States on Wednesday (November 28) announced the indictment of two Iranian nationals involved in cryptocurrency ransomware attacks, […] The post Bitcoin Ransomware: The U.

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