Tag Archives: Iran

Bitcoin is possibly becoming a safe haven asset. The top cryptocurrency is rising in tandem with gold as tensions in the Middle East grow. It’s possible that bitcoin may be in the early stages of a parabolic advance. If you think that the turmoil in Iran and the rest of the Middle East has nothing to do with bitcoin, think again. The king of cryptocurrencies has traded bullishly ever since the conflict between the U.S. and Iran started. bitcoin has pushed higher each time tensions were...

Following an air strike from the United States that killed one of Iran’s top generals, the price of bitcoin shot up by roughly $400 in mere minutes. While the crypto community has taken note of the spike, some sources are falsely reporting that bitcoin is becoming a bigger deal in Iran – so big, in fact, that it’s jumped all the way to $24,000 per unit, but this isn’t quite true.Iran Has Seen An Increase in Crypto ActionCrypto experts are saying that this is due to a big misunderstanding...

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway. Here’s why. The bitcoin price made a swift advance from a 16-day low at $6,853 around 9 pm Eastern Time Thursday night. It reached $7,391 on Coinbase just...

Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When US President Donald Trump ordered an airstrike that killed Iranian general Qassem Soleimani, he also unleashed a shockwave through global financial markets. Major stock indices cratered as investors fled into safe-haven assets like gold, and oil prices...

Hassan Rouhani – the president of Iran – has suggested that all Muslim nations should come together and utilize a single cryptocurrency as a means of standing against U.S. sanctions and “manipulation.” He also suggested that relationships built through cryptocurrencies could potentially bring all participating nations closer together.Rouhani: Crypto Can Unite Us AllRouhani spoke at a recent summit in Kuala Lumpur – the capital of Malaysia – and commented:In the past, Prime Minister Tun Dr....

After months of protests in Hong Kong, politicians have reportedly decided to shut down a bank account related to the anti-extradition law movement. Additionally, a bank in Iran was recently set on fire, and people in Lebanon still have trouble accessing their savings. With raging protests around the globe, it’s interesting to see if Bitcoin’s price will be somewhat affected.HSBC Bans a Bank Account Supporting ProtestsEarlier this year, China proposed a new bill that would allow Hong Kong...

Protesters take over the streets of Iran after the government announced dramatic fuel price hikes. The regime has blocked internet access and closed its Iran border. Iranians are facing a dire situation which will likely force many to resort to a currency that offers a safe and portable store of value, such as bitcoin. Civil unrest erupted in Iran as protesters took to the streets to express their anger over the government’s decision to ration gas and increase price by at least 50 percent....

North Korea is developing its own national digital currency. The trend follows a long list of other countries, predominantly in Asia and the Middle East such as Iran and China and is likely an attempt to thwart present U.S. sanctions. North Korea and Crypto: A Scary Mix?It’s hard to know how to feel about news like this. On the one hand, any national venture involving digital assets is likely to propel the industry forward, but at the same time, what does North Korea plan to do with this...

A new survey conducted by analytics firm Gate Trade suggests that Telegram users in Iran are earning an average of $500 to $3,000 in cryptocurrency funds. Iran Is Boosting Its Crypto UsageIran has been heavily into cryptocurrency following new economic sanctions from the United States and President Donald Trump pulling his country out of the 2015 nuclear deal. Iran has sought ways to alleviate some of the issues stemming from these sanctions including potentially introducing a national...