According to the Minister of Economic Affairs and Finance of Iran, Farhad Dejpasand, the country is getting closer to fulfilling its income tax targets. The minister noted that the adoption of new technology, like blockchain, has helped Iran grow its revenue and currently accounts for a third of the budget revenue growth. Dejpasand noted that: […]
Recently, the Chinese government has gotten more conscious about the cryptocurrency economy, with a lot of attention focused on Bitcoin mining operations. The Chinese government has stated its plans to get the country to carbon neutrality by 2060 and capture a good percentage of this neutrality by 2030. That said, many crypto-based companies have begun […]
The President of Iran, Hassan Rouhani, has announced a four-month ban on all cryptocurrency mining activities ahead of elections. The announcement came on Wednesday, a day after the Iranian Energy Minister, Reza Ardakanian, apologized for unexpected power cuts across large cities. Iranian public officials have always blamed unlicensed cryptocurrency mining operations for consuming significant amounts […]
Reports show that over $400 billion left the cryptocurrency space over the weekend, in what has been one of the worst sell-offs in the crypto industry history. Total market capitalization trades around a multi-month low of $1.47 trillion in the early Asian session on Monday. The market correction sent the industry’s cap down by about […]
