SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to […]

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Nouriel Roubini Sounds off on Cryptocurrencies in Senate Hearing

Noted economist Nouriel Roubini sounded off on virtual currency and blockchain in a recent Senate hearing. The NYU professor classified cryptocurrency as a big scam and a bubble. Prominent economist Nouriel Roubini is one of the few who accurately predicted the 2008 financial crisis. Currently a professor at the New York University Stern School of […]

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Iran Considers State-Issued Cryptocurrency Ahead of Imminent US Sanctions

Iran might soon take a page out of Venezuela’s playbook by launching its own state-issued cryptocurrency. The move is occasioned by the fact that the country is set to come under renewed economic sanctions from the United States. Local Companies and the CBI Collaborating to Create a National Cryptocurrency According to local media sources, the […]

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Bitcoin is More Than Just an Investment Option for Iran

Nikita Blows · January 11, 2018 · 7:00 pm Iran’s citizens are straining under the weight of aggressive financial sanctions as result of its nuclear initiatives. Cryptocurrencies like Bitcoin provide a circumvention solution. Even though Bitcoin continues its somewhat volatile price jumps, it is still a desirable asset for investors around the world. Since its […]

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