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In a move helping to prove the intrinsic value of Bitcoin and other crypto assets, Iran’s government is finally marking an end to the national currency, the rial, after years upon years of hyperinflation in response to poor economic conditions.
GitHub, a San Francisco-based open-source code hosting provider, was prevented from providing sanctioned nations, including Iran and Syria, with access to their supposedly open-source services.
Cryptocurrency mining farms have been booming in Iran due to its low electricity costs.
Iran’s Public Relations and Information Center for the Vice Presidency for Science and Technology suggest interest in blockchain by encouraging improvements to “the infrastructure of blockchain technology with the help of [the] government and private sector.” This latest move indicates Iran is keen on joining other nations in getting a jump on the potential benefits […]
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