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Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.

Iran Pushes Oil Investment on Citizens, Winklevoss Advises Bitcoin

Iran Pushes Oil Investment on Citizens, Winklevoss Advises Bitcoin

Despite the oil price taking a beating this year, Iran has urged its citizens to invest in a scheme that would pre-sell 220 million barrels and drive liquidity into the OPEC nation's struggling economy. In response, Cameron Winklevoss tweeted that Bitcoin is a far better investment.

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country

Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country

Iran just offered a reward to anyone who exposes illicit cryptocurrency mining in the country.

Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin

Iran to Pump Liquidity in Economy by Permitting Power Plants to Mine Bitcoin

Iran has given power plants the green-light to undertake Bitcoin mining on a large scale as this will spur economic growth from the revenue generated. Nevertheless, interested parties must adhere to various regulations like not using subsidized fuel to extract Bitcoin and other cryptocurrencies.

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan

Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan

Federal authorities have uncovered a large illegal Bitcoin mining site in Kyrgyzstan in the territory of the Bishkek Free Economic Zone.

Iranian President Advocates for Cryptocurrency-Driven Muslim Nations

Iranian President Advocates for Cryptocurrency-Driven Muslim Nations

During the first round-table discussion at the Kuala Lumpur Summit 2019, Hassan Rouhani, Iran’s President, suggested that cryptocurrency ought to be integrated into Muslim nations to enhance trade between the nations.

Russian PM Considers Digital Assets for Cross Border Payment

Russian PM Considers Digital Assets for Cross Border Payment

Mikhail Mishustin, the Prime Minister of Russia, has hinted at the need to incorporate digital assets into the country’s economy as a way to ensure sustainable payment for goods and services in international trade.

Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode

Iranian Crypto Miners get Cut Off as Country Activates Energy Saving Mode

The Iran Grid Management Company, also known as the Tavanir, has cut off the power supply to the country’s licensed cryptocurrency miners, a significant step against its backing for the controversial adventure.

Gala Games to Host Live Town Hall on Mirandus Development

Gala Games to Host Live Town Hall on Mirandus Development

Gala Games invites fans to a live Town Hall on June 26 to discuss the latest updates on their fantasy MMO, Mirandus.

Mirandus Development Roadmap: Key Milestones for Q3 and Q4 2024

Mirandus Development Roadmap: Key Milestones for Q3 and Q4 2024

Gala Games outlines crucial steps in the development of Mirandus for Q3 and Q4 2024, emphasizing incremental victories and the game's future.

OpenAI Shuts Down Covert Iranian Influence Operation Leveraging ChatGPT

OpenAI Shuts Down Covert Iranian Influence Operation Leveraging ChatGPT

OpenAI has taken action against accounts linked to a covert Iranian influence operation using ChatGPT to generate content on various topics.

Iran and Russia Seek A Gold-Backed Stablecoin

Iran and Russia Seek A Gold-Backed Stablecoin

Iran and Russia are planning a gold-backed cryptocurrency. In Astrakhan, Russia began accepting Iranian goods, a stablecoin would function. Instead of utilizing dollars, rubles, or rials, the initiative would allow cross-border transactions.

Mirana Ventures Invests $8 Million in Toncoin (TON)

Mirana Ventures Invests $8 Million in Toncoin (TON)

Mirana Ventures has launched a long-term partnership with TON Foundation, investing $8 million in Toncoin to drive mass adoption of token-governed technologies and collaborate with other blockchains.

Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Iran is banning cryptocurrency mining for the second time this year in order to reduce the strain on the nation’s power grid.

Iran Court Releases Crypto Mining Equipment

Iran Court Releases Crypto Mining Equipment

In June 2022, Iran's energy usage reached 62,500 megawatts (MW). Iran currently holds 0.2% of the Bitcoin hash rate, up from 0.12%. Crypto-mining equipment confiscated to preserve energy was released by a judge.

FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities

FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

WEMIX PTE. LTD. has invested in five Chinese game developers through a $30 million blockchain game-specialized fund, created with Mirana Ventures. This move aims to nurture blockchain gaming enterprises and expand the WEMIX3.0 ecosystem. The fund, part of a joint initiative with Mirana Ventures, an investment division of Bybit, has already utilized $6.4 million. The investees, working on diverse game genres, will feature their games on WEMIX PLAY, a blockchain game platform under WEMIX3.0.

Iran Completes Pre-Pilot Phase for Digital Rial

Iran Completes Pre-Pilot Phase for Digital Rial

Iran's central bank has completed a pre-pilot phase for its digital rial, according to an official statement by the Monetary and Banking Research Institute. The CBDC will align with the rules governing the national currency, the Iranian rial, and be distributed among individuals and banks. Ten banks have applied to join the project, and all banks and credit institutions in Iran are expected to start offering electronic wallets for the digital currency.

Why Energy Experts are Watching the Crypto Market Closely

Why Energy Experts are Watching the Crypto Market Closely

Words like Bitcoin and Oil Market seem to have no correlation between them. However, given the kind of small world we are living in, there's more than meets the eye. Check out this article which explains the perfect correlation between Bitcoin and Oil Market and why energy experts are keeping a close watch on the crypto market.

Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack

Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack

Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.

Iran Joins BRICS to Reduce Reliance on Western Economic Systems

Iran Joins BRICS to Reduce Reliance on Western Economic Systems

Iran joins BRICS, aiming to mitigate US sanctions and challenge Western economic dominance, amidst mixed reactions and uncertain benefits.

Iranian Bitcoin Advocate Arrested by Local Security Forces

Iranian Bitcoin Advocate Arrested by Local Security Forces

Sadr’s arrest came as a result of nationwide protests that were triggered by the death in custody of a young woman.

Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments

Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments

The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies.

Iran Transacts World's 1st International Import Order Worth $10M Using Crypto

Iran Transacts World's 1st International Import Order Worth $10M Using Crypto

Iran has made the first-ever importation of goods using crypto, according to Alireza Peyman-Pak, the Vice Minister of Industry, Mine & Trade.

117 Smuggled Crypto Mining Machines Seized by Iranian Police

117 Smuggled Crypto Mining Machines Seized by Iranian Police

The Iranian provincial police had apprehended an individual who was said to be smuggling in cryptocurrency mining machines. This was reported by the local news agency Fars News, on July 31.

Iran to Introduce Additional Penalties for Illegal Crypto Mining

Iran to Introduce Additional Penalties for Illegal Crypto Mining

The Iranian government is going to pass new regulations to increase the penalties for illegal cryptocurrency mining using subsidized electricity.

Iran to Allow Digital Currency Payments for International Trade

Iran to Allow Digital Currency Payments for International Trade

Iran is notably about to double down on its love for digital currencies as a local media platform, Mehr News reports the country is on track to accept cryptocurrencies for international transactions.

Four Years Down the Line, Iran's Pilot National CBDC is Ready

Four Years Down the Line, Iran's Pilot National CBDC is Ready

The Central Bank of Iran (CBI) is taking its favour for digital innovation to a new level with the possibility of introducing its Central Bank Digital Currency (CBDC) within a short time.

Kraken Under Probe for Allegedly Violating US Sanctions on Iran

Kraken Under Probe for Allegedly Violating US Sanctions on Iran

The US Treasury Department is investigating Kraken on suspicion that the crypto exchange allowed Iranian users to use its trading platform despite federal sanctions on the middle eastern country.

Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions

Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions

Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions

Iranians Permitted to Trade on Binance, Despite US Imposes Sanctions: Reuters

Iranians Permitted to Trade on Binance, Despite US Imposes Sanctions: Reuters

Reuters said Binance exchange permitted Iranian users to trade on its platform after the United States reimposed sanctions on the country in 2018.

Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

Power plants in Iran are considering supplying surplus electricity to Bitcoin and cryptocurrency mining farms in the nation.

Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle

Belt and Road Summit 2019—Iranian Investment, Malaysian FinTech and the Kazakh Belt Buckle

Rounding off our exclusive interviews for the 2019 Belt and Road Summit, jointly organized by the HKTDC and the HKSAR Government, we share insights from delegates from Iran, Malaysia, and Kazakhstan

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate

Is Bitcoin a Safe Haven Asset? US-Iranian Tensions Ignite Old Debate

Bitcoin’s price has improved significantly following the U.S. killing of top Iranian general Qassem Soleimani. As tensions escalate between the US and Iran, several crypto analysts have reconsidered the old debate on Bitcoin’s ability to function as a safe-haven asset similar to gold in times of geopolitical uncertainty.

Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF

Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF

Saeed Muhammad, a commander of the Islamic Revolutionary Guard Corps’ “Army of Guardians of the Islamic Revolution,” called for Iran to use cryptocurrencies to bypass sanctions imposed on his country by the United States.

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.

Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic

Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic

On March 25, 2020, Binance in its blog post announced the launch of its new fundraising project titled 'Crypto Against COVID' which aims to raise $5 million in cryptocurrencies which will be used to buy medical equipment for the countries worst affected by Coronavirus.

Kazakhstan to Secure $700 Million Funds to Boost its Bitcoin and Crypto Mining Projects

Kazakhstan to Secure $700 Million Funds to Boost its Bitcoin and Crypto Mining Projects

Kazakhstan's government is trying to secure a $700 million investment and reports that it is on track with its crypto mining farm project.

Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement

Ripple CEO: Global Governments Now See Blockchain Solution to Addressing Transparency and Settlement

Brad Garlinghouse, Ripple CEO, believes most governments consider blockchain technology a game-changer as it solves frictions like transparency and settlement that were a headache in yesteryears.

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