Iran is legalizing crypto-mining, giving a boost to this activity which was already booming despite the unfavorable position of the authorities. According to the Iran Chamber of Commerce, Industries, Mines and Agriculture, the government decided to give the green light to this activity, promoting a series of legal reforms that put an end to a […]
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Bitcoin Magazine
Iran’s Rial Collapses Against U. S. Dollar — Is Bitcoin Emerging as an Alternative?
Iran’s national currency, the rial, has effectively collapsed, now trading at roughly 1.
In this week’s edition of the weekly recap, the Bitfinex exchange hacker secured early prison release through criminal justice reform legislation, BitMine Immersion’s chairman requested shareholder approval for massive authorized share expansion, and South Korean traders transferred over $110 billion…
Iran has begun offering foreign governments the option to pay for advanced weapons systems using cryptocurrency. Iran’s latest move appears to be a strategy aimed at sidestepping Western sanctions that restrict access to traditional financial channels. According to a Jan.…
Iran is pushing forward with plans to adopt cryptocurrencies for international trade settlements as a way to circumvent U.S. and U.N. sanctions. The strategy was shared at the deBlock Summit, Iran’s first government-backed international blockchain conference, where officials called digital…
Nobitex exchange, Iran’s largest cryptocurrency platform, has begun restoring wallet access to users following a major exploit that resulted in more than $90 million in losses. The company issued an update on June 29 via X, outlining a phased recovery…