Bitcoin
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Tehran’s Bitcoin Trade Is Estimated at $174m a Day
EghtesadOnline: A study conducted by the High Council of Cyberspace shows total bitcoin trade in Tehran alone amounts to approximately 30-40 trillion rials ($130-174 million), the council's…
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Classic Trendline Breakout Sets Bitcoin for $10K Retest, Traders Say
EghtesadOnline: Crypto analysts believe Bitcoin price is set for a near-term rally as a key technical pattern points toward $9,800.
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A new licensed bitcoin mining farm is getting set up in Iran
EghtesadOnline: The government of Iran is said to have issued a license to Turkey-based iMiner to mine bitcoin in Iran.
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Bitcoin Is Losing Bullish Momentum: Technicals Show A Correction At $8K
EghtesadOnline: Bitcoin is up 2% and it broke the $7,600 resistance area against the US Dollar. However, BTC price is likely to face a strong resistance near $8,000 in the near term.
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Iran: Special Electricity Tariff for Cryptocurrency Miners
EghtesadOnline: The Energy Ministry has agreed on a tariff for electricity used in cryptocurrency mining, the head of Iran Electrical Industry Syndicate said.
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Bitcoin Mining Taking Toll on Iran Power Network
EghtesadOnline: The production of a single unit of bitcoin withdraws about 200 million rials ($1,400) in state subsidies, the Energy Ministry’s spokesman for the power department said.
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Bitcoin Climbs Above $9,000 For First Time in Over a Year
EghtesadOnline: Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.
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Iran Bitcoin Users Affected By US Sanctions
EghtesadOnline: Iranian sources say that some of them are no longer able to access the cryptocurrency swap platform ShapeShift, even when using virtual private networks (VPNs). As such, the sanctions…
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Bitcoin Trembles at $10,000 Level, Pares Gains With Rival Coins
EghtesadOnline: Bitcoin pared its gains rather than break above $10,000, triggering a selloff in other large digital coins.
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Bitcoin Finds a Bottom During Equity Market Turmoil
EghtesadOnline: What’s supposed to be the most volatile asset in the universe is proving to be a bastion of stability compared with wild swings and carnage in global equities this week.
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Cryptocurrencies Fluctuate as Regulatory Pressure Increases
EghtesadOnline: Cryptocurrencies continued to whipsaw investors, sending Bitcoin to its lowest level since October before recovering, as worries over tighter regulation by U.S. authorities and…
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Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil
EghtesadOnline: A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife.
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Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands’
EghtesadOnline: For Bitcoin investors, these are the times that try one’s soul.
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Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
EghtesadOnline: Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of Friday’s losses, as a miserable 2018 continued for cryptocurrencies.
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No Bitcoin Trade for Moneychangers
EghtesadOnline: Although some called for allowing moneychangers to deal in virtual currencies, especially the ubiquitous Bitcoin, all Iranian bureaux de changes are currently prohibited from…
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CBI Does Not Approve of Bitcoin
EghtesadOnline: In what was the strongest rebuke of the Central Bank of Iran to cryptocurrencies yet, the governor of the monetary regulator has said it “does not approve of Bitcoin in any way”.…
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CBI Governor Urges Caution on Bitcoin Trade
EghtesadOnline: The Central Bank of Iran's governor, in his first public comments on Bitcoin, has urged Iranian investors to exercise caution in trading the popular cryptocurrency.
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Iranian Lawmakers to Discuss Bitcoin
EghtesadOnline: Majlis Economic Commission is to hold a top-level multilateral meeting to discuss the fast-growing cryptocurrency Bitcoin in the coming days, the head of the parliamentary commission…
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Iran Welcomes Cryptocurrencies
EghtesadOnline: Iran’s High Council of Cyberspace, one of the main entities deciding the fate of virtual currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they…
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Bitcoin Crashes and Then Surges in Wild Weekend Action
EghtesadOnline: Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology…
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Bitcoin Tumble Erases $38 Billion as Rival Cryptocurrency Gains
EghtesadOnline: Bitcoin slumped as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 500…
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Here Are the Big Names Who Are Backing and Slamming Bitcoin
EghtesadOnline: Is bitcoin a legitimate asset, or a super-bubble waiting to implode? As prices for the cryptocurrency skyrocket, investors and pundits are increasingly taking sides.
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Bitcoin Surges After World's Biggest Exchange Announces Plans for Futures
EghtesadOnline: CME Group Inc., the world’s biggest exchange operator, plans to introduce bitcoin futures, which could help professional traders and investors finally get serious about the cryptocurre…
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Bitcoin Breaches $6,000 for the First Time
EghtesadOnline: Bitcoin soared to another milestone Friday, as the digital currency breached $6,000 for the first time to put its gain in 2017 to more than 500 percent.
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The Bitcoin Rally Is Back
EghtesadOnline: The bitcoin rally is proving hard to stop.
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Jamie Dimon Slams Bitcoin as a ‘Fraud’
EghtesadOnline: JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being “stupid.”
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Bitcoin Falls After Report Claims China Orders Exchanges to Shut
EghtesadOnline: Bitcoin fell as much as 7.3 percent in the U.S. after a report claimed Chinese regulators ordered the nation’s digital exchanges to close, the second blow to the $150 billion…
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Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
EghtesadOnline: Bitcoin tumbled the most since July after China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing…
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Bitcoin Gets Close to $5,000
EghtesadOnline: Bitcoin began September by approaching $5,000, following up on a record-breaking run in August spurred by optimism that faster transaction times will hasten the spread of the…