Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power Chinese Miners Negotiate With Iranian Leaders to Set Up Mining Operations in the Free Trade Zones In December 2018, there were reports of miners stemming from China, Spain, Ukraine, Armenia, and…

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‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the move as a way to pull in the reins on re-dollarization, and implement greater controls and stability. Others see the new currency as a disastrous decision paving the way for continued hyperinflation. Also read: The…

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Bitcoin Mining May Prove Useful for Gas Well Owners

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms. This revelation is according to Francis Pouliot of Canada-based BTC mining firm Bull Bitcoin. Tweeting on Wednesday (July 10, 2019), Pouliot says this trend could become useful for gas companies. An excerpt from the tweet reads: Bitcoin solves a massive problem for…

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Bitpoint Hack: Japan Still Most Affected By Crypto Heists

Japanese cryptocurrency exchange Bitpoint, owned by Remixpoint, halted all operations on Friday, July 12. The exchange lost $32 million worth of cryptocurrency in a hack. Bitpoint Clients Lose $22.7 Million in Crypto If there is any country in this world where you should be worried about storing your cryptocurrency, it is Japan. At the end of May, fintech research firm MEDICI reported that out of $2.71 billion worth of crypto lost in exchange and wallet hacks worldwide in a span of eight years, Japan accounts for $920.03 million. In other…

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Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com

Are you a cryptocurrency user and rugby fan who’s always dreamed of going to the World Cup? Here’s your chance to win tickets to the 2019 Rugby World Cup in Japan, including flights and accommodation, in an exclusive competition at Games.Bitcoin.com. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange SIX How to Enter Games.Bitcoin.com’s New Giveaway Games.Bitcoin.com is giving away prizes including admission to the upcoming 2019 Rugby World Cup in Japan. The first couple of winners will receive a prize package that includes VIP hospitality tickets…

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‘Bitcoin’ Searches Spike On Google Post Trump Tweet

Bitcoin jumped into the mainstream spotlight July 12 after ‘negative’ comments by US President Donald Trump hit the media worldwide.  BTC Interest Surges After Trump Tweets Bitcoin 00 barely flinched in response to Trump saying he “is not a fan” of it, but proponents are already thanking him for giving the industry a giant publicity boost. As Bitcoinist reported, Trump suddenly released thinly-veiled criticism of cryptocurrency as a whole on Friday, a series of tweets claiming it was inferior to the US dollar.  Employing classic arguments favored by many a…

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What Are Dollars Used for, President Trump? – The Gun Money Known as USD

Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in the world. As empirical evidence goes, however, it’s USD that’s really in need of moral and economic scrutiny. Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency Donald Trump Battles Bitcoin On July 11, U.S. President Donald Trump went into full rant…

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The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s 62 million-strong Twitter account, but took issue with the veracity of his claims. Here are 10 of the best replies. Also read: Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored Trump Tweetstorm Sparks a Thunderous Response “I am not a fan of Bitcoin…

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President Trump’s Crypto Tweet ‘Wildly Bullish’ For Bitcoin

US President Donald Trump practically lives on Twitter so anything he tweets gets a global audience. Whether positive or negative, his tweets get noticed so a recent comment on bitcoin and cryptocurrencies, while not painting them in the best light, does reconfirm that they are now household names. Trump Not A Bitcoin Fan Presumably, in response to the Federal Reserve chair’s comments on bitcoin, Libra, and crypto subjects, the POTUS said that he wasn’t a fan. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money,…

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Ever Imagined How The Bitcoin Blockchain Looks in 3D?

The Symphony of Blockchains team at IOHK has released an update to the project — Symphony 2.0 which shows a 3D representation of the Bitcoin blockchain. View the Bitcoin Blockchain in 3D The team announced the news in a blog post on the Cardano web forum of Monday (July 8, 2019). According to the post, Symphony 2.0 is an attempt to represent the Bitcoin blockchain in a manner that is engaging, stimulating, and entertaining while transforming abstract concepts into tangible sensory information. For the team, apart from creating a visual…

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