Iran Financial News

14.04 / 11:47

Ethereum Twitter NFT First-Ever Jack Dorsey Tweet NFT Reauctioned, Receives Massively Lower Bid Than Expected as Hype Fades

Twitter founder Jack Dorsey’s first-ever tweet, which sold for USD 2.9m worth of ethereum (ETH) back in March 2021, was put up for auction again and was apparently expected to fetch at least USD 50m, but has so far received the highest bid of just over USD 6,200.

27.03 / 19:05

European Union Refugees Deal US to maintain sanctions on Iran's Revolutionary Guard even if nucelar deal is reached

US Secretary of State Antony Blinken has promised Washington will work alongside its allies to stop Iran from producing nuclear weapons.

18.03 / 16:45

Clandestine Finance System Helped Iran Withstand Sanctions Crush, Documents Show

WASHINGTON—ran established a clandestine banking and finance system to handle tens of billions of dollars in annual trade banned under U.S.-led sanctions, enabling Tehran to endure the economic siege and giving it leverage in multilateral nuclear talks, according to Western diplomats, intelligence officials and documents.

12.03 / 21:23

Social Media Refugees Saudi Arabia carries out mass execution of 81 inmates, biggest in modern history

Saudi Arabia on Saturday executed 81 people convicted of crimes ranging from killings to belonging to militant and terrorist groups -- the largest known mass execution carried out in the kingdom in its modern history.

11.03 / 17:07

Government Bitcoin regulatory Is the Ukraine war intensifying regulatory pressure on crypto firms?

Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized system and its claims on being borderless, censorship-free and distributed.

05.03 / 08:31

Progressive Extreme Action UAE is placed on money laundering watchdog's 'gray list'

An intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday placed the United Arab Emirates on its «gray list» over concerns that the Gulf country isn't sufficiently stemming illegal financial activities.

04.03 / 22:49

Blockchain Bitcoin freeze CEXs CEXs refuse blanket asset freeze of all Russian users, though questions linger

Centralized exchanges, or CEX, CEOs from companies such as Binance, Coinbase, and Kraken have all stated they will only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users.

04.03 / 19:39

Action UAE set to be put on money laundering watchdog's 'gray list,' report says

DUBAI, United Arab Emirates — The Financial Action Task Force, an intergovernmental organization dedicated to combatting money laundering and illicit cash flows, is set to put the United Arab Emirates on its «gray list» over concerns that the Gulf country isn't sufficiently stemming illegal financial activities.

04.03 / 15:44

defi wallet MetaMask debate Decentralization Debate Heats Up Again as MetaMask, OpenSea Block Users

The crypto community has once again been thrown into a debate about the urgent need for more decentralization after both the non-fungible token (NFT) marketplace OpenSea and Ethereum (ETH) wallet MetaMask recently blocked users based on their geographic location.

04.03 / 04:27

us government debate Updates OpenSea updates banned countries list sparking decentralization debate

U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space.

02.03 / 20:31

business Blockchain consequences EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences

On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system.

01.03 / 17:57

Western Sanctions Bite Russian Economy, But Pose Unpredictable Risks

The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large as Russia. That wisdom may need to be revisited.

01.03 / 04:23

Bukele El Salvador's President Bukele Silent on Ukraine War

Media outlets in El Salvador have hit out at President Nayib Bukele and his government over the perceived “silence” on the matter of Russia’s invasion of Ukraine.

25.02 / 15:05

economics Bitcoin Bitcoin, the Ukraine Crisis and the Central Bankers Dilemma

James Butterfill is Investment Strategist and Christopher Bendiksen is the Bitcoin Research Lead at major European digital asset investment firm CoinShares.

25.02 / 01:23

Government Crypto could bypass President Biden's 'devastating' sanctions on Russian banks and elites: Report

The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers.

22.02 / 20:13

Adoption Ban Asia Bitcoin How are Afghans using crypto under the Taliban government?

After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift.

14.02 / 19:41

Government Blockchain Asia Sanctions and trade: Iran aims to develop a central bank digital currency

As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran.

01.02 / 16:51

Blockchain Digital Currency regulation Middle east Central Bank of Jordan reveals CBDC plans

Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing.

30.01 / 17:45

Ethereum Bitcoin Digital Denarius: How a crypto revolution could have saved the Roman Empire

Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side.

28.01 / 16:33

Blockchain UPS CEO Bitcoin Support Here’s the reason behind Texas Governor’s decision support to Bitcoin mining ops

China’s ban on cryptocurrency mining forced Bitcoin entrepreneurs to flee overseas. Many were heading to Texas, which is quickly becoming the next global cryptocurrency capital. Different executives within this region have opened their paths to allow Bitcoin miners to shift and operate here. Having said that, Bitcoin mining criticized for its energy-intensive operations.

23.01 / 22:43

Law Vibe killers: Here are the countries that moved to outlaw crypto in the past year

Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of Russia called for a ban on both crypto trading and mining operations. Both countries could join the growing ranks of nations that moved to outlaw digital assets, which already include China, Turkey, Iran and several other jurisdictions.

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