Crypto Market Forecast: Week of September 5th 2022
A curated weekly summary of forward-focused crypto news that matters. This week, Iran and Russia turn to crypto for cross-border payments, officials in Afghanistan shut down local cryptocurrency exchanges and Ethereum outperforms the market as a major update approaches.
Bitcoin and gold jump after Trump strikes Iran
World markets were rattled on Friday. Gold, oil, and Bitcoin surged after top Iranian general Qasem Soleimani was struck by a U.S. drone at Iraq's Baghdad airport.
Iran and Québec embrace Bitcoin mining
In the latest stage of its transformation from hobbyist activity to professional industry, Bitcoin mining is being embraced by governments as a way to sidestep sanctions and bolster the local economy.
Leading peer-to-peer exchange LocalBitcoins stops servicing Iranian users
Peer-to-peer bitcoin exchanges have established themselves as one of the few viable trading platforms for bitcoin investors in less developed or emerging markets. In struggling economies, such as Venezuela, they can even serve as a lifeline for cash-strapped citizens. However, despite the peer-to-peer ethos of these platforms, they are not immune to the geopolitical levers of the state, as Iranian bitcoin users discovered last week.
Will 2018 be the year of national cryptocurrencies?
The concept of central bank issued cryptocurrencies is not new and we have never been closer to witnessing the actual creation of government-issued cryptocurrencies than in 2018. But while it may be easy enough for governments to create cryptocurrencies, how likely is it that they will succeed?
Iran’s First Bitcoin Exchange Launching
BTXCapital has announced the launch of Iran’s first Bitcoin exchange, a country historically sanctioned by western countries leading to fewer payment providers.
