Iran Legitimizes Crypto Mining Industry, Bitcoin Price Spikes to $24,000 Locally

The Iranian government’s recognition of cryptocurrency mining as a legitimate industry propelled bitcoin price to hit record highs at a time when the country closes in on its own national cryptocurrency to evade sanctions. According to local news agency IBENA, the country’s High Council of Cyberspace (HCC) has confirmed that the government now sees the … Continued The post Iran Legitimizes Crypto Mining Industry, Bitcoin Price Spikes to $24,000 Locally appeared first on CCN

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Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets

Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market The post Tom Lee: Bitcoin to Hit $20k in 2018 Despite Struggle of Emerging Markets appeared first on CCN

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Bitcoin Doing Better Than Iran’s Currency, All Rial Holders Will Lose 57% of Their Value

The national currency of Iran, the rial, is expected to lose at least 57 percent of its value by the end of 2018 amidst a correction worse than that of bitcoin, and the holders of the Iranian rial are said to lose more than half of their savings stored in fiat. Hyperinflation at 132 Percent The post Bitcoin Doing Better Than Iran’s Currency, All Rial Holders Will Lose 57% of Their Value appeared first on CCN

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Iran Government Bans Telegram, Accuses App of Causing Widespread Unrest

Iran’s judiciary banned the Telegram Monday, accusing the popular messenger app of allowing armed opposition groups to fuel unrest, according to Mizan Online, the judiciary’s news agency, AFP-Services reported. Government officials publicly called for Telegram to be banned earlier this month after the messenger app concluded the second round of its record-setting $1.7 billion ICO to The post Iran Government Bans Telegram, Accuses App of Causing Widespread Unrest appeared first on CCN

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