China’s friendship with Iran is the last thing on its mind right now
China and Iran are sticking together like glue, despite the world’s eyebrows raising after Iran’s missile launches at Israel. China is shouting its support from the rooftops, not just backing Iran but also beefing up their buddy-buddy status. And guess what? Russia’s in on this too, cheering from the sidelines after those drone strikes last […]
Iran-Israel conflict sends crypto markets tumbling – Oops?
Recent events have unfortunately rocked the cryptocurrency markets as Iran launched an attack on Israel, causing widespread panic. This turmoil saw Bitcoin (BTC) and Ethereum (ETH) prices plummet, while alternative cryptocurrencies have also suffered significant losses. The Iranian offensive over the weekend led to Bitcoin dropping to a low of $60,800, while Ethereum fell to […]
Iran picks new fight with U.S. over oil trade – as it should
Iran’s decision to potentially close the Strait of Hormuz has thrown a new twist into Middle East geopolitics. The Strait is a major global oil passage, facilitating a massive 20.5 million barrels of petroleum products each day. Iran’s action stems from mounting concerns about regional threats, particularly due to Israel’s activities in the UAE and […]
Iran and Russia Join Forces in AI Ethics and Development
Discover how Iran and Russia are joining forces to pioneer ethical AI development, blending Islamic ethics with cutting-edge technology.
The real reason Iran decided to join BRICS
Rolling into 2024, Iran, alongside the United Arab Emirates, Egypt, and Ethiopia, inked their membership with the BRICS alliance, marking a significant pivot in global economic alliances. This expansion came as Argentina, led by its fresh president Javier Milei, turned down the offer, citing skepticism about the bloc’s benefits. Meanwhile, Saudi Arabia’s decision to join […]
Iran limits local US dollar transactions
Amid a turbulent global economic climate, Iran finds itself at the forefront of a decisive shift in financial strategies, making moves to limit local transactions in US dollars. This maneuver comes as part of a broader strategy aimed at reducing the nation’s reliance on the US currency, a move that reflects Tehran’s pursuit of greater […]
India and Iran promise to get closer for BRICS sake
The dawn of 2024 marks a turning point in the landscape of international alliances, particularly within the BRICS bloc. India, a nation known for its strategic partnerships and robust economic growth, is now entering a new phase of cooperation with Iran. This alignment, far from being a fleeting diplomatic gesture, is a calculated move within […]
Iran joins BRICS in plot to permanently dethrone the dollar
The global economic landscape is on the cusp of a seismic shift, with Iran’s recent announcement to join forces with the BRICS nations in a strategic move to challenge the dominance of the US Dollar. As the geopolitical chessboard sees a new player in Iran, the ambition to create a BRICS currency is not just […]
Russia, Iran finally dump the US dollar for good
In a bold move that shakes the foundations of international trade, Russia and Iran have officially turned their backs on the US dollar. This decision, a strategic pivot towards utilizing local currencies in their bilateral trade, marks a significant shift in the global economic landscape. The move not only challenges the dollar’s dominance but also […]
Iran and Russia are secretly plotting against U.S. and its dollar
In a series of high-profile meetings that could reshape global economic dynamics, Iran’s President Ebrahim Raisi and Russia’s President Vladimir Putin have engaged in discussions that signal a potential shift away from the U.S. dollar’s dominance. This move comes as part of a broader strategy involving the expanded BRICS alliance, which Iran is set to […]
Why is the U.S. so restless over Iran?
Tensions are mounting, and the world is watching closely. At the heart of it all? The ever-present complexities between the U.S. and Iran. As the volatile situation between Israel and Hamas threatens to spiral, Washington’s unease over Tehran’s potential involvement is palpable. The Intricacies of Back-Channel Talks The White House isn’t taking this lightly. National […]
U.S. puts Iran’s $6 billion Qatar hoard on ice
The Biden administration faces intense scrutiny as they grapple with $6 billion of Iran’s assets currently resting in Qatar. Despite initial intentions for these funds to be directed towards humanitarian aid, political upheaval has left the U.S. with the daunting task of ensuring the money doesn’t find its way into the wrong hands. An Unintended […]
Joe Biden threatens Iran over Gaza – The details
The escalating tensions between Israel and Hamas have drawn attention on the international stage, with U.S. President Joe Biden decisively stepping in. Biden’s warning to Iran underscores the treacherous web of alliances and enmities that drive Middle Eastern politics. However, with thousands of lives at stake, all eyes are on the major players navigating this […]
BRICS approves six countries to join January 1st
The BRICS coalition is about to change its face and increase its global influence. The prominent bloc, consisting of Brazil, Russia, India, China, and South Africa, is preparing to welcome six additional nations into its fold, marking a significant expansion for the emerging market group. Come the start of the next year, Argentina, Egypt, Ethiopia, […]
Putin talks Iran’s BRICS entry in call with Iranian leaders
In a move that has captured global attention, Russian President Vladimir Putin broached the topic of Iran’s potential entry into the influential BRICS consortium during a call with Iran’s leader. This discussion comes as BRICS, an alliance of burgeoning economies, contemplates its expansion, marking a significant moment in the geopolitical theater. A Pivotal Exchange: Putin […]
U.S. picks a fight with Iran over Russia
The political chessboard of global affairs is in flux, and central to this is the U.S.’s aggressive push to sever Iran’s ties to Russia. This hardline stance stems from their alleged drone transactions and is emblematic of the high-stakes gamesmanship characterizing U.S.-Iran relations. A Web of Tense Diplomacy Recent events have revealed that the U.S. […]
Iran’s push to be part of BRICS gains momentum
Iran’s drive to secure a place within the influential BRICS economic group has taken a bold stride forward. The nation is unabashedly exerting itself on the world stage to cement its economic future, seeking alliances with major powers within the BRICS nations, namely Brazil, Russia, India, China, and South Africa. This is not a subtle […]
Iran says BRICS currency will weaken US dollar
The recent claim by an Iranian official that a gold-backed BRICS currency would weaken the dominance of the US dollar in global finance resonates like a clarion call to the international economy. This audacious prediction, coupled with the potential benefits for nations like Iran, sets an intriguing stage for the imminent leaders’ summit of the […]
Iran joins China and Russia’s SCO – Details
In a defining geopolitical shift, Iran has made its way into the prestigious fold of the Shanghai Cooperation Organisation (SCO), an influential bloc led by Russia and China, further expanding its reach and presenting a robust counterweight to Western-led international bodies. This development, alongside the deteriorating relationship between the SCO’s founders and the West, implies […]
Israel’s high-tech takedown of $1.7M in crypto from Iran military and Hezbollah
According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible. According to Chainalysis, the seizure of cryptos from Hezbollah and the […]
Iran and Russia forge crypto partnership, simplify currency trade
Cryptocurrencies and blockchain are transforming the financial landscape of the globe. At the forefront of this evolution, Iran and Russia have been delving into the possibilities that these technologies offer, keen on leveraging them to further their economic interests. Cryptocurrency and blockchain – A new frontier In the context of the 15th International Financial Industry […]
Russia and Iran ditch USD in bilateral trade settlements
With an estimated 80% of bilateral trade conducted in native currencies, Russia and Iran have demonstrated their ability to minimize the influence of the USD in their economic relations. Highlighting this shift, Russia’s Deputy Prime Minister Alexander Novak recently conveyed the extent of this transformation to the press. Embracing native currencies, and beyond The shared […]
Iran introduces crypto payment platform for imports
Iranian authorities have established a dedicated platform to simplify crypto payments for companies importing goods into the country. The platform enables local businesses to transfer cryptocurrency for cross-border settlements. Iran’s Trade Promotion Organization (TPO) supports crypto for imports According to local media reports, the country’s Trade Promotion Organization (TPO) has confirmed that Iranian companies can […]
Iran joins global de-dollarization trend, seeks to reduce U.S. influence on regional and int’l trade
In recent weeks, the global economy has witnessed a surge in the de-dollarization phenomenon, as several nations have shifted away from using the U.S. dollar. Iran has become the latest country to join this trend, with the Secretary of Iran’s Supreme National Security Council, Ali Shamkhani, stating that reducing the U.S. dollar’s influence on regional […]
Iran plans to freeze bank accounts for women without hijab
The women of Iran are rising up — again. However, their struggle for freedom has not been smooth and continues to be challenging. Since the recent death of Kurdish-Iranian woman Mahsa Amini in the custody of the country’s morality police, Iranian cities and towns have erupted in outrage. These demonstrations have become one of the […]
Here’s how Iran’s CBI is planning to use Crypto tech
On Thursday, the Central Bank of Iran will commence its central bank digital currency (CBDC) pilot project in conjunction with the country’s Chamber of Commerce, Industries, Mines, and Agriculture. The CBI explained that the goal of creating crypto-rial is to convert currency into programmable entities. The bank’s announcement follows its release of a draught paper […]
Iran successfully conducts $10 million import using cryptocurrency
Iran has been under several US economic sanctions since 1979. However, the Iranian government seems to have bypassed the embargo to complete a trade worth millions of dollars using cryptocurrency. The government plans to fully leverage digital currencies to facilitate foreign trades in the future. Iran set to fund foreign trades with crypto The Iranian […]
Iran makes pro Cryptocurrency law change
Iran has decided to amend legislation on digital assets to allow imports to enter it thanks to an article from the Islamic Republic News Agency ( IRNA). The amendment proposed by both the Central Bank of Iran (CBI) and cabinet came with conditions that the crypto meets regulatory standards. To qualify to Iran’s expectation, the […]
Bitcoin mining ban in Iran to be lifted in September by authorities
TL;DR Breakdown Iranian authorities have decided to remove the Bitcoin mining ban imposed in May. The decision was made to resume Bitcoin mining but only for selected Bitcoin miners. The decision was made to stop the overburdening of power grids during the hot summer. The Bitcoin mining ban in Iran made crypto enthusiasts wonder about […]
Iran nets several illegal crypto mining rigs in a swift crackdown
TL; DR Breakdown The Iranian government is cracking down on illegal mining. Unauthorized mining is contributing to power shortages in the country. The government of Iran is busy regulating crypto mining. The authorities are carrying a severe crackdown on illegal mining. The state-run power supply company, Tavanir, has identified several crypto firms in Tehran. So, […]
Iranian government lifts ban on crypto mining
TL;DR Breakdown Iranian government lifts ban on crypto mining. Iran houses seven percent of global crypto mining super computers. Illegal Bitcoin mining led to shortage of power in Iran leading to moratorium. The Iranian government, after three months, has lifted the temporary ban on cryptocurrency mining in the country by ex-Presiden Hassan Rouhani. The ex-president […]
30 crypto mining farms receive license to operate in Iran
TL;DR Breakdown 30 crypto mining farms receive license to operate in Iran Mining centers and users facing hardship in Iran Despite its recent crackdown on cryptocurrency mining in the country, the Iranian Ministry of Industries, Mining, and Trade has granted licenses to 30 crypto mining farms to operate in the country. According to the Financial […]
Iran’s TPPH is offering crypto miners surplus electricity for sale
At some point, electricity might no longer be a problem for Iranian crypto miners. In addition to having access to cheap electricity for mining, Iran’s Thermal Power Plant Holding Company (TPPH) is looking to provide surplus energy from three different power plants to crypto miners in the country for sale. Iran has seen an influx […]
