Aggregate ERC20 Market Cap Outpaces Valuation of ETH in Circulation by $2 Billion

12m
thebitcoinnews

WBD236 - Bitcoin UX & Marketing with Dan Held

12m
letstalkbitcoin

Bitcoin is Flashing Signs of Weakness as It Trades Below Crucial Level

31m
bitcoinist

101Investing: New crypto broker tested

1h
cryptoticker

A Panel of Experts See Bitcoin Averaging $12,948 by Year End

2h
thebitcoinnews

Crypto Adoption: Newly Launched Binance Card To Serve 60 M Plus Merchants Across Europe

2h
coingape

Economic Expert: Libra, Interesting But Will Never Launch

2h
coininsider

Can Chainlink’s Market Cap Surpass That Of BCH and BSV Combined?...

2h
zycrypto

Investors Expect Chainlink To Reach $10 Before Bitcoin Recaptures $10,000

2h
zycrypto

Appeals Judge Allows NY Investigation Into Tether Stable Currency

2h
livebitcoinnews

Did this Texan falsely file for PPP loans only to buy crypto with the funds?

3h
zycrypto

Did‌ ‌this‌ ‌Texan‌ ‌falsely‌ ‌file‌ ‌for‌ ‌PPP‌ ‌loans‌ ‌only‌ ‌to‌ ‌buy‌ ‌crypto‌ ‌with‌ ‌the‌ ‌funds?

3h
zycrypto

Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

4h
bitcoinist

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

4h
cryptoglobe

Why Bitcoin.org’s secret owner wants Bitcoin price to stay in the...

4h
zycrypto

Binance Rolls Out Crypto Debit Card in Europe and UK

4h
zycrypto

From Politics to Crypto: The BTC Journey of Craig Bergman

4h
livebitcoinnews

Block Crunch - Why Avalanche is Not an Ethereum Killer - John Wu, Ava Labs

5h
letstalkbitcoin

Nearly 60% Of Bitcoin Investors Say They’ll HODL To The Grave If The Price Stays Below $10,000

5h
zycrypto

US Army Requests Information on Tools to Track Cryptocurrency Transactions

5h
thebitcoinnews

Bitcoin & Cryptocurrency FinTech Apps Outperform Non-Crypto Peers: Report

5h
coingape

Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins

6h
bitcoinist

TTS 266 Elections, Lockdowns, Protests, and Liberty: Live from PorcFest with Ernest Hancock

6h
letstalkbitcoin

Cryptocurrency News Roundup for July 14, 2020

6h
beincrypto

Strong fundamentals mean Cardano (ADA) could keep up with its July rally

6h
cryptoslate


Iran civil unrest: Bitcoin miners forced to stop operations due to internet blackout

Civil unrest erupted in Iran when people started protesting against the government’s decision to ration gas. The government wants to ration the fuel hence increase its price by at least 50 percent.

The nation was forced to make the decision after the US placed sanctions on the flow of petrodollars. This forced the oil-rich country to reduce its subsidies. Residents received news that each motorist will be restricted to only 60 liters of fuel per month. If any person wants to get extra fuel he must pay double the amount.

The protests were anything but peaceful. Many protestors blocked highways in Tehran by parking their cars, others burned down government buildings, banks and gas stations. The nation’s economy seems to be taking a hit. Some residents have already invested in Bitcoin to secure their wealth. Others will likely do the same once some stability is restored.

Authorities have also started answering fire with fire as one Twitter user posted. The user shared a video that showed a police officer moving to the center of the road only to start shooting at protestors without warning.

To stop such news from spreading and creating hysteria the government shut down the internet in the country. Reportedly, connectivity in the country has dropped as low as seven percent. This would have a negative effect on businessmen, and other citizens including, crypto traders and miners. All of their operations were suddenly halted and based on the losses miners might have to sell their Bitcoin to recover.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments