Central Bank of Iran promises CBDC launch, fintech to fight sanctions
The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
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Tom Lee: Like FAANG Stocks, BTC Will Hit $25K Due to ‘Network Value’
Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans.During an interview for CNBC’s Street Signs Asia on show on Nov. 15, Lee argued that cryptocurrencies “are network value assets” — and share this with the world’s most successful tech stocks.“Network value assets”Lee — a…

UK Crackdown Pulls Thousands of Crypto Scams Offline
The NCSC has gone scorched earth on crypto scams. Over the past four months, the National Cyber Security Centre, or NCSC, removed over 300,000 URLs pertaining to fake celebrity-endorsed investment opportunities. More than a half of these sites belonged to fraudulent cryptocurrency investment schemes.Per an announcement published by the NCSC on August 14, an increasing…

Coinbase CEO Brian Armstrong Tackles Four ‘Myths’ About Crypto Custody
Brian Armstrong, co-founder and CEO of United States crypto exchange and wallet Coinbase, has outlined what he believes to be four common misconceptions about crypto custody solutions. His article was published on Fortune’s crypto-focused segment The Ledger on Feb. 22.Cold storage refers to a method of keeping crypto holdings and users’ private keys offline in…

Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy
Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices. 676 Total views 5 Total shares Own this piece of crypto history Collect this article as NFTJust days after creditors offered to help Core Scientific — a Bitcoin (BTC) mining company — avoid possible bankruptcy, reports emerged…

Jack Dorsey: Twitter Is Considering the ‘Untapped Potential’ of Blockchain
Twitter CEO Jack Dorsey testified before a Congressional committee Wednesday, September 5 that the company is exploring blockchain technology for potential application.Dorsey answered questions during a hearing on Twitter transparency and accountability held in the U.S. House Committee on Energy and Commerce.Doris Matsui, a representative from California, asked Twitter’s CEO about what potential applications blockchain…

SEC insists that Coinbase 'just does not like the answer'
The United States SEC argues that “having made the weather, Coinbase cannot claim that it is now raining.”


From rugs to riches: UK carpet retailer to adopt Bitcoin Standard
An online carpet and flooring retailer based in the United Kingdom has bought Bitcoin (BTC) and put it on the balance sheet, following in the footsteps of Tesla, Microstrategy and Real Bedford. Speaking with Cointelegraph, CEO of Flooring Hut, Paul Brewster explained that:“We see it [Bitcoin] as an asset that has probably the best potential for…