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Iran Explores and Funds Blockchain Startups

Iran Explores and Funds Blockchain Startups

The plot thickens between the US and Iran’s cryptocurrency sanctions. Commander of the Islamic Revolutionary Gard Corps’ Sepah Saeed Muhammad wants Iran to look into cryptocurrencies and blockchain options. Muhammad and the Army of Guardians of the Islamic Revolution want to bolster international investment despite heavy sanctions against Iran. The creation of a more sophisticated …

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Oils Slide with Asian Stocks as Safe-Haven assets Reach High

Oil Slide with Asian Stocks as Safe-Haven assets Reach High

The relentless spread of the coronavirus outside China boosted demand for safe-haven assets. And raised support for interest rate cuts from major central banks. As a result, palladium and scaled another all-time high on supply deficit worries. Both oil and Asian share markets dropped as investors reached for the safety of gold and bonds. While …

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Bitcoin Plummets, but Maintains a Bullish Attitude

Bitcoin Plummets, but Maintains a Bullish Attitude

Bitcoin fell by $800 on Wednesday while still keeping a bullish mood. The biggest daily fall in three months trapped the bulls leaving investors anything but pleased. The currency faced rejection near $10,300 during the US trading hours, which fell by $800 to near $9,300. Eventually, BTC faced the biggest single-day drop since November 21 …

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China Launches Blockchain Apps to Combat the Coronavirus

China Launches Blockchain Apps to Combat the Coronavirus

The first few weeks of February saw China launch 20 blockchain-based applications to combat the coronavirus. The technology helps manage medical data, check supplies, and consult the public of new updates about the epidemic. The apps also manage personal data as more workers head back to work in the country. Blockchain allows local authorities to …

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Gold Falls Despite Coronavirus Fears, but Projected to Lift

Gold Falls Despite Coronavirus Fears, but Projected to Lift

Gold prices fell by 0.60 dollars by 0.04% on Monday, closing at $1,580.8 in London. Futures in the United States also inched down by 0.08% to $1,581.4 per ounce from lower trading volumes than usual in celebration of an American holiday. The safe haven commodity traded a two-week high on Friday at around $1,584.65, which …

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