Category: Iran

Iran Issues License for Nation’s Biggest Bitcoin Mining Operation

iMiner, a Turkey-based company, has been granted a license to mine cryptocurrencies in Iran. Local news source Tabnak news reported on April 28 that iMiner has the green light from the nation’s Ministry of Industry, Mine and Trade to...

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Bitcoin in Emerging Markets: The Middle East

In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. In this first part of the series, she looks at the...

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How Bitcoin’s Price Slump Is Changing the Geography of Mining

Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies. According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips...

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Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East

Although it’s difficult to quantify demand for bitcoin (BTC) in informal markets across the Middle East, small-scale traders from Lebanon to Yemen say interest in bitcoin as a safe-haven asset, not a speculative asset, is stronger than ever. Rami...

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What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status

Monday’s historic financial tumult reached beyond stocks, sinking commodities and even bitcoin markets. “I don’t think any asset is safe right now – except cash, U.S. dollars,” said Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO...

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