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Iran Creates It’s first Cryptocurrency

M. Ali

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Shahab Javanmardi who is an official form the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has announced that Iran will be releasing it’s own cryptocurrency. The Iranian cryptocurrency is mined under the permission of the Central Bank of Iran (CBI).

The Iranian cryptocurrency is mined in accordance with the agreement of the CBI and by a consortium of Iranian private IT firms. The announcement came just few days after a CBI official announced that all cryptocurrency-related activities are forbidden in Iran.

Source: Mehr Iranian News Agency

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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Video: Roger Ver: Bitcoin Cash Can Go Up a Thousand Times

Sying Tien

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Roger Ver, founder of bitcoin.com, who’s known as “Bitcoin Jesus,” joins CNBC’s “Power Lunch” team to talk about the cryptocurrency markets, the price of Bitcoin and more.

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Morocco Warns of Cryptocurrency Risks

M. Ali

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Morocco Warns of Cryptocurrency Risks

During a blockchain conference that was held last week on Rabat, the Moroccan Central Bank’s president Abdel Latif El-Gawahry said he is doubtful that cryptocurrencies can ever become the future of money and trading Bitcoin and other cryptocurrencies is a high risk.

According to the Moroccan news media “Hespress”, during the event, El- Gawahry also expressed doubt that cryptocurrencies could ever become the future of money. He said that Bitcoin lacks the characteristics of a real currency:

El-Gawahry said that despite the fact that he is against Bitcoin, he believes that blockchain technology has changed the way that banks and financial institutions operate today. He also added that he thinks that the blockchain revolution has arrived, and we believe it has the potential to impact the world just as much as the internet has since the 1990’s.

El-Gawahr aslso mentioned that Morocco, in the near future will be improving the local finacial services by applying new technologies such as blockchain.

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New Zealand Police Seize $4.2 Million Worth of Cryptocurrency From a Movie Pirate.

June G. Bauer

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New Zealand Seize cryptocurrency

New Zealand Police have seized $6.7 million New Zealand dollars (around $4.3 M USD) in cryptocurrencies as well as another $1.1 million New Zealand dollars in bank funds from an alleged movie pirate who lives in Hamilton city in the North Island of New Zealand.

According to NZ Herald, a local media outlet, the arrest came following an investigation into alleged online movie piracy in the United States. The culprit name is Jaron David McIvor, a 31-year-old computer programmer and was charged of committing money laundering by receiving millions of dollars from an alleged illegal movie streaming website he helped create.

The money was allegedly deposited into his bank accounts from international wire transfers, PayPal, and another third party payment processor “Stripe”.

According to the report, this seizure is believed to be the first “high value” restraint of cryptocurrency in New Zealand and easily the largest amount.

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