Iranian President Calls for Launching a Cryptocurrency Mining Strategy

Iranian President Calls for Launching a Cryptocurrency Mining StrategyIranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, […]

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3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet

3 Reports Look at North Korea's Lazarus Group, Iran's Farhad Exchange, and Crypto Ponzi FuturenetOn May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions […]

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Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. SanctionsIran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is […]

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Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

Petro-Dollar System Crumbles: US Dollar Could Collapse from the World's Oil WarsDuring the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]

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