Bitcoin the “digital gold” is driven by bulls, having crossed $8,000 and eyeing $10,000. Meanwhile, the Gold price just hit its 1 year low last week and is currently being heavily bearish as dollar strengthens, interest rate surges, sell-off continues, and gold held by ETFs decline. Bitcoin the “Digital Gold” gaining strength & bulls Gold
Iran’s national currency rial crashed hard in the aftermath of Trump cutting off the Nuclear deal that has led to hyperinflation and an economic crisis in the country. Experts claim it will turn panicked Iranians to crypto which has already started happening as evident from the siphoning of $2.5 billion in crypto from the country.
An experimental national cryptocurrency has been developed by Iran only days after the central bank of the country banned bitcoin trading. The news came at a time when its national currency plunged at its lowest and the return of US economic sanctions is looming in the country. Digital currency fever: After central bank ban, Iran
Iran’s central bank has declared that in Iran cryptocurrency like bitcoin is no longer allowed to be traded or sold, officially banning them in the country. Citing money laundering and terrorist financing the reasons, the ban has been passed in December that came into effect now. Money laundering & terror funding drives Iran cryptocurrency ban