Iran

The President of Iran, Hassan Rouhani, advised Muslim countries to embrace financial and economic cooperation to battle the “U.S. hegemony” and he used this platform to criticize sanctions imposed on his nation by America.

The Lightning Network (LN) torch cost has crossed borders to Israel after being posted by an Iranian in a symbolic sign of peace amongst these two countries. This historic phenomenon only shows that bitcoin is indeed a political and borderless cash experience.

The head of Iran’s Trade Promotion Organization (ITPO) has said that the country is in talks with senior representatives from 8 nations to begin transactions with its ‘IranCoin’ - the newly created State-backed digital currency, Crypto-Rial, according to Tehran Times, a local news outlet.

Iran - a theocratic Islamic republic in the Middle East, is expected to declare a state-backed crypto at the yearly Electronic Banking & Payment Systems (EBPS) conference that will begin on Tuesday, January 29.

As very many bitcoin miners in the world have attempted to close down their mining equipment, other miners are doing everything possible to find alternative means of surviving. Iran has come out to attract overseas miners because of its $0.006 cost for each kilowatt consumed in one hour. This makes it one of the low-cost power activity in the country.

The government of Iran is strengthening its position on cryptocurrency with dynamic international relations.

Burning topics of today: Iran to Create Its Own Cryptocurrency, Mastercard to Sync Blockchain Data by a Fast Track Method, Abu Dhabi Suggests New Regulatory Framework for Cryptocurrency Exchanges, and Venezuela Licensed 16 Crypto Exchanges

Iran is set to establish its own cryptocurrency based on the newest financial technology called blockchain. The experimental model has already been created and will go live soon. The project is aimed at improving the speed of transactions on the country’s financial market.

Welcome to Coin Idol TV News channel. Today we are featuring the most interesting news or the cryptocurrency world. The burning topics are: Central Bank of Iran bans cryptocurrency dealings, bitcoin price finally hits $9,000, Russia to put more regulations on cryptocurrency market, namely ICOs, Amazon to enter the world’s cryptocurrency market by implementing blockchain.