Iranian news agency Trehan News reported that Iran intends to launch a gold- plated cryptocurrency. Iranian Information and Communication Technology Director-General FANAP Shahab Javanmardi said that the Central Bank of Iran (CBI) has approved the release of new cryptocurrencies.
“The Iranian cryptocurrency will be supported by gold, but its function is similar to other cryptocurrencies. A crypto asset is designed to maximize the use of Iran’s frozen bank assets” – said Javanmardi.
The Financial Tribune reported that the gold-plated cryptocurrency project will be called Paymon.
Iran’s development of its own cryptocurrency is taking place against the backdrop of currency shocks in the country caused by US sanctions.
Similar statements are being made from Venezuela, which is also experiencing significant difficulties in international payments due to pressure from Washington.
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In Bulgaria, bitcoins confiscated are worth more than the country gold reserves The Bulgarian law enforcement authorities noted that were seized: equipment, communication devices, computers, tablets The report also had a figure of 213,519 bitcoins. At today’s prices, 40 tons of Bulgarian gold reserves cost about $ 1.8 billion, while 213,519 bitcoins are estimated at about $ 2.1 billion at the current exchange rate!
Against the background of official authorities’ fears that bitcoin will be used “for money laundering and terrorist financing,” this story has the opposite effect: if bitcoin were used as a currency for spending the country’s budget, it would be not so easy for citizens to disguise where their taxes are actually spent
Next Bitcoin prices as well as the price of Etherium, Deep Brain Chain, Monero, Singularity Net, Zcash, Deep Onion and other altcoins will surprise many people.🔥 we are to believe the next Bitcoin hype will show the excellent profit for altcoins holders.🚀
Why the next hype of Bitcoin are to be organized and prepared? What investors are prepared for, by the regulators? 💰
The thing is that after the World Financial Crises 2008 Central Banks Started the Quantity Easing program. 🔥 They simply started printing very cheap money with the very low Interest Rates. 🏦 By the way creating a new money costs nothing our days as it goes simply with pushing the button as we are all using the electronic dollars since long time ago. By the QE matter Central Banks or the people who has the influence on them are forcing funds to invest in the more risking Assets.🏦
Money is depreciated every year, or even with every minute. After all, in order to create new money, now they do not even need to print it, but simply press a button on the keyboard. After all, we have long been using electronic dollar on our accounts using the credit cards and the SWIFT transactions. We abandoned fiat money long time ago. 💰
All we need now is more secured electronic money! 🔥 And Bitcoin, as we can see, has seen the true inflation cost go up a million times in the last 10 years. 🏦 💰
Those who were holding bitcoins and survived the crypto winter – Good Job!
If you think to catch the Bitcoin on the next bottom or even on the correction down to 4000, I must say: “Do not rely on that…”
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Bitcoin Market is one of the high manipulated markets in the world. Remember that there is no fundamental Data for Bitcoin to grow tomorrow. I mean now. However it can happen next year. Now the fake positive atmosphere been created at the bitcoin market to cheat the traders again. In order for the big players to buy at 6000-5000 thousand there should be the people who’s gonna SELL it that bought it at 7000-8000 just recently.
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We proved based on the continuously growing Bitcoin Mining difficulty that in 2025 the electricity cost of 1 Bitcoin mining we be approximately 1,5 million dollars as the mining difficulty are growing correspondingly in respect with the BTC price and up site down. It’s been 9 last years the Bitcoin price and the mining difficulty been totally correlated. So you don’t have to be afraid of it ! You can see that the history proves that the BTC market of 2018 is the same situation as it was in the 2016.