Bitcoin fell below $63,000 and Ethereum hovered near $1,830 as tariff uncertainty, US-Iran tensions, and rising gold prices pushed investors into risk-off mode.
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Iran Blockchain Industry News
Read all the latest blockchain industry news from Iran. Covering blockchain, digital economy, and FinTech, including cryptocurrency, Bitcoin, Ethereum, DeFi, digital finance, NFTs, and Web 3.0 news and analysis.
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Will US-Iran Talks and US PCE Set the Tone for Oil, Gold and Bitcoin
The app will allow Iranian citizens to safely protest the Islamic Republic of Iran by casting a vote of no confidence in its presidential candidates and corrupt electoral system.
Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers.
Iran has been using cryptocurrency mining to swerve around US sanctions. According to blockchain analytics firm Elliptic, around 4.5% of all Bitcoin mining takes place in Iran, allowing it to earn close to $1 billon a year from cryptocurrencies that can be used to lessen the impact of U.S. sanctions.