Police in Iran has seized 45,000 Bitcoin mining machines claimed to have been using illegally subsidized electricity from Tavanir.
Iranian authorities shut down 1,620 illegal crypto mining farms that collectively used 250 megawatts of electricity over the past 18 months.
Power plants in Iran can mine cryptocurrencies such as Bitcoin, but they cannot benefit from subsidies, said deputy head of Tavanir.
A general of Iran has advocated the use of cryptocurrency to escape US sanctions imposed on the country by Trump's administration.
Crude oil price dropped below $48.50 area quite impulsively with a daily close and may continue further towards the $45 area in the upcoming days.
The EURUSD pair is moving higher and may continue towards 1.0920 area as a retracement. Despite the intense bearish pressure, the bulls can retrace higher.
Gold in Sidelines may Retrace lower towards $1560 area before continuing the Bullish. As the price remains above $1550, the Bullish Bias to continue
Gold Reaches Highest Peak? Bulls managed to push price above $1562 area. Let's check Gold Technical Analysis for more levels and insights.
Gold rising higher after U.S. China Historic Trade Deal as official signing of Trade Pact 1 is done. Gold may head higher towards $1600 area.
In a bid to counter the dominance of the US Dollar, the Iranian President Hassan Rouhani has proposed to create a cryptocurrency for Muslim countries.