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Sygnum Bank: tokenize assets on a large scale

Sygnum Bank announces the launch of a platform on which tokenized assets can be traded. Why tokenization can make assets like real estate and art more liquid.

The Swiss Sygnum Bank will in future offer tokenized investments that meet institutional standards

According to its own information, Sygnum is the world’s first bank for digital assets that has all the necessary licenses to offer digital investment products to institutional investors.

In a press release, which the company released on Thursday, November 26th, Sygnum announces the launch of Desygnate. This is a primary market instrument that is complemented by the secondary market platform SygnEx. With the help of both platforms, investors will in future be able to access a wide range of tokenized assets.

From real estate to art

Sygnum Bank AG relies on investment products that are comparatively illiquid due to their nature and are therefore only available to a small group of investors. Large investments, such as in real estate, can be fragmented through tokenization and thus made accessible to less well-funded investors. Investors can trade digital investment products in the real estate, venture capital, mid-cap and art categories. According to the company, the market that can be opened up is in the trillions.

But blockchain-based tokenization models have other advantages in addition to being divided into small tranches. The billing is no longer dependent on a central point and thus a single point of failure, but takes place instantaneously, decentrally and at any time of the day or night. Decentralized offsetting can therefore only be beneficial to the liquidity of markets. The problem with digital investments has so far been embedding them in traditional finance structures. With the launch of the two platforms, Sygnum has come a step closer to establishing itself in the traditional financial sector.

Venture capital in particular is seen as an asset class that could benefit from tokenization. After all, such investments were previously closed to “small” investors due to their prohibitively high volumes. On the other hand, start-ups naturally benefit from a wider range of investors and can potentially tap more capital.

Vitalik Buterin deposits 3,200 ETH at the Ethereum 2.0 address

Ethereum 2.0 is getting closer and closer, and that is why Vitalik Buterin drives it by depositing 3,200 ETH in its reservoir direction.

Recently the deposit management for Ethereum 2.0, the next generation of the Ethereum, was launched and continues to grow. However, so far more than 31,000 ETH are registered at the address of ETH 2, of which 3,200 ETH were donated by Vitalik Buterin, the creator of the Ethereum.

These 3,200 ETHs are equivalent to approximately $1.3 million at current prices. EtherScan is the tool that tracks the data of the Ethereum blockchain, and from there you have this information that it belonged to Buterin.

Why did Buterin decide to make that deposit in Ethereum 2.0?

Buterin said he hopes the warehouse will continue to attract people „as the stakers get their coins out of cold storage, become comfortable with the tools and confident that the tools are working, etc.

As to whether the warehouse’s management will reach the required 524,288 ETH by December 1, Buterin struck a positive note. But he added: „There are not many precedents“. This date would be the earliest on which the genesis of Phase 0 of ETH 2 can begin.

If we look at the ETH sale in 2015, for example, there was a significant (but disappointing) level of participation on the day. Then very little on days 2-12, and then on day 13 and especially day 14 (the last day with a full discount).

There was a big increase which ended up being something like half of all the Bitcoin Loophole that ended up going on sale. So it is quite possible that here we will also see a quiet period and then a lot of participation in the last week of November. But this is just me speculating, we shall see! This is what Buterin expressed.

What can we expect?

Earlier this week the launch of the warehouse management was announced. This represents the final leg of what has been a process of years to move Ethereum from a trial work network to one based on participation testing (ETH 2.0).

Phase 0 will see the launch of the „beacon chain“ of Ethereum 2.0, which will serve as a kind of backbone for the emerging network. Another important milestone to remember is that about two months ago, the developers of ETH 2.0 launched Medalla, a test network that served as a multi-client dress rehearsal for the operation of the ETH 2 Phase 0 launch.

Citibank-analytiker mener at store ting kan skje for Bitcoin

Med bitcoin som nå handles for i underkant av $ 18.000 – en nær $ 1000 gevinst fra bare to dager siden – mange analytikere og bransjeeksperter lurer på hvor bitcoin vil gå videre.

Valutaen har vært på en av de største oksekjøringene siden 2017, og mange tror at 2020 vil ende med at bitcoin slår sin helt høyde på $ 20.000 per enhet igjen.

Bitcoin kunne snart reise til himmelen

Ting stopper imidlertid ikke helt der. Mange lurer på hvor Bitcoin Era vil henvende seg i nærmeste fremtid. Hvordan vil 2021 se ut? Vil valutaen fortsette å komme seg oppover den økonomiske stigen? Dette er det mange analytikere spekulerer i i skrivende stund, og ifølge mange spådommer er ting akkurat i gang. Tom Fitzpatrick – en analytiker med Citibank – kommer til og med med argumentet om at bitcoin potensielt kan treffe en pris på rundt $ 318 000 innen utgangen av neste år.

I en fersk rapport hevder Fitzpatrick at bitcoins nåværende fart er ganske likt det med gull på 1970-tallet. Gitt at den fortsetter å følge alle de samme mønstrene og manøvrene som gull gjorde for omtrent fem tiår siden, kunne valutaen finne seg i å handle over $ 300K-linjen innen desember neste år.

I tillegg er måten bitcoin blir sett på nå ganske likt med hvordan gull ble sett på på 1970-tallet. På den tiden handlet eiendelen for en beskjeden $ 25 – $ 35 per unse – ikke i nærheten av $ 1 888 den handles for nå. I løpet av dette tiåret korrelerte eiendelen med den amerikanske dollaren. Alt dette tok imidlertid slutt når gullstandarden tilsynelatende ble skjøvet til side, slik at dollarstandarden kunne ta over.

Som et resultat ble USD den valgte valutaen for USA og andre nærliggende regioner, mens gull i det hele tatt sluttet å være en valuta. Snarere fant den seg plutselig som en butikk med verdi, noe som tillot prisen å øke nesten over natten.

Dette er relativt likt med det som skjer med bitcoin. Verdens første digitale valuta etter markedsverdi ble opprinnelig opprettet for å tjene som betalingsmiddel – en valuta som underbanken kunne bruke til å kjøpe varer og tjenester slik at de kunne overleve hverdagen. Imidlertid har bitcoin mislyktes i denne avdelingen, hovedsakelig på grunn av den pågående volatiliteten. Dermed er det ikke en betalingsvaluta, og har i stedet flyttet seg mer mot spekulativt territorium.

En helt ny holdning rundt den

Dette har gjort det mulig for bitcoin å fungere på en måte som ligner på gull, spesielt nå som økonomien har blitt svekket takket være den voksende koronaviruspandemien. Mange ser på eiendelen som et middel til å sikre sin formue og beskytte deres økonomiske inntekt i tider med strid. Med andre ord har bitcoin i stor grad blitt en butikk med verdi … akkurat som gull.

Skulle denne holdningen fortsette det neste året, kan bitcoin finne seg i å reise til månen.

Bitcoin at $ 318,000 in 2021 – A Golden Opportunity, Says Crazy Citibank Analyst

Bitcoin to the top? – For Bitcoin, the return to its high of 20,000 dollars does not dream enough of its most optimistic fans. The latter see the price of BTC at least at 100,000 dollars , or even more, as we will see here with … a banker , and not least.

„Bitcoin: the gold of the 21st century“

It is under this title that begins a report by Tom Fitzpatrick , CEO of Citibank , a famous multinational banking company based in New York City.

To explain his enthusiasm for Bitcoin Evolution, the banker makes the comparison between the gold market since the 70s and the cryptomonanies market.

The great bull market in gold metal began when President Richard Nixon ended the gold standard in August 1971 . The fixed parity of 35 dollars for an ounce of gold (31.1 g) gradually gave way to a slow, but strong devaluation of the dollar , to the point of reaching 2,000 dollars for an ounce of gold during this period. summer 2020.

The monetary inflation and the devaluation of the dollar and are the basis for the comparison of Tom Fitzpatrick between Bitcoin and gold:

“Bitcoin’s price movement occurred following the Great Financial Crisis (of 2008) which saw a major shift in monetary policies, as we moved to 0% interest rates. “

In other words , free money , since it is not loaned against any return of interest, or almost.

BTC $ 318,000 within a year?

According to Tom Fitzpatrick’s technical analysis model, not only could bitcoin rally to its old all-time high of $ 20,000 as early as January-February 2021 , it could even hit a target of $ 318,000 before the end of the year. ’next year.

“You can see very symmetrical price action over the last 7 years [of BTC trading], forming what appears to be a very well defined channel. This would give us a new upward movement of a similar duration to the last recovery (in 2017). “

With the Covid-19 crisis, the big banker notes that governments are ready for all monetary impressions to revive the economy. This would support this new Bitcoin explosion.

Estes países estão vendo o preço do Bitcoin mais alto que outros

O preço do bitcoin está em um rolo em torno de $13500 no momento da redação.
A inflação em vários países está mostrando máximos únicos em vários países.
A agitação global está causando a conversão de ativos em Bitcoin.

No mundo pós-COVID-19, a inflação atingiu vários países com muita força, e é aqui que o atual movimento de preços da Bitcoin Loophole está claramente atraindo seu aumento. Por um tweet do entusiasta e empresário de moedas criptográficas Alistair Milne, em mais de oito, o preço do Bitcoin vê altos únicos devido ao aumento das inflações.

Mile explica que países como o Brasil já vêem altos de preços em suas moedas nativas devido à inflação pós-COVID-19. O preço destas moedas caiu significativamente em relação ao dólar, enquanto o preço do Bitcoin é comparado com o dólar do mercado global.

Preços do bitcoin sempre altos
O Real já atingiu o recorde histórico onde o Bitcoin está sendo negociado por 72.710,50 reais. Da mesma forma, quando se trata de Lira Turca, a moeda criptocêntrica atingiu uma alta ainda maior do que a do Brasil, onde 1 Bitcoin agora vale 103.412,08 Lira Turca.

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Enquanto outros países da lista também estão relatando novos recordes, 1.014.202,78 Peso Argentino por 1 Bitcoin é outro recorde. Enquanto que, 718.448,90 libras sudanesas por 1 Bitcoin é o próximo na lista. 8.543.599,26 Kwanza angolano contra 1 Bitcoin e 263.895,06 Kwacha zambiano contra o mesmo estão todos mostrando novos máximos de Bitcoin em seus respectivos países. Milne espera que a Rússia e Colombo sejam os próximos na lista, seguidos pelo resto do mundo.

No momento em que escrevo, o Bitcoin deverá quebrar os atuais níveis de resistência e deverá quebrar o recorde histórico de 2019 nos próximos dias, enquanto alguns analistas acreditam que o rei deverá atingir pelo menos 14.000 dólares em breve. O rei está afetando o mercado como um todo, e é muito provável que outras moedas criptográficas, especialmente o Ethereum, também verão novos máximos de todos os tempos muito em breve.

Bitcoin tocca il nuovo record del 2020 oltre i 13.000 dollari – Qual è la prossima mossa?

Il 22 ottobre, il Bitcoin (BTC) ha continuato la sua ascesa creando una massiccia candela rialzista inghiottita e scoppiando al di sopra dell’area di resistenza di 12.050 dollari.

Mentre potrebbero verificarsi ritracciamenti a breve termine, è probabile che il trend del Bitcoin sia ancora rialzista.

Bitcoin rompe i picchi di settembre

Il 22 ottobre, Bitcoin Era ha continuato la sua ascesa creando un altro candeliere rialzista che ha spaccato la precedente area di resistenza da $12.050. Il prezzo ha raggiunto il massimo di 13.235 dollari prima di scendere leggermente al prezzo corrente di 12.800 dollari.

Se BTC inizia a diminuire, l’area di 12.050 dollari dovrebbe fungere da supporto. Tuttavia, gli indicatori tecnici non mostrano alcuna debolezza. L’RSI, il MACD e l’oscillatore stocastico stanno aumentando senza generare alcuna divergenza ribassista.

Il grafico settimanale mostra che il prezzo potrebbe essere uscito da una linea di resistenza discendente, ma non ha ancora raggiunto una chiusura al di sopra di quest’area. Se BTC riuscisse a farlo, i prossimi livelli di resistenza si attesterebbero a 14.000 dollari (valore stoppino alto da giugno 2019), 16.400 dollari, poi 19.500 dollari.

Movimento a breve termine

Il grafico a due ore a breve termine mostra che il prezzo ha creato un candeliere a stella cadente, che normalmente è considerato un segnale di inversione ribassista.

Tuttavia, oltre alla stella cadente, non ci sono altri segni di debolezza. Anche se il RSI è ipercomprato, non ha generato alcuna divergenza ribassista. Su una nota simile, mentre il MACD ha iniziato a diminuire, non ha generato un segnale di inversione ad orso.

Pertanto, mentre il prezzo del BTC potrebbe ritracciare a breve termine, non ci sono segni che sia alla fine del suo trend rialzista.

Conteggio delle onde

È probabile che Bitcoin abbia iniziato un impulso rialzista (mostrato in arancione sotto) l’8 settembre ed è attualmente nella terza ondata. Il livello più probabile per la fine dell’ondata sarebbe l’estensione di 3,61 Fib dell’onda 1, che scende a 14,360 dollari.

All’interno della terza ondata, il prezzo sembra essere vicino alla cima o ha già completato la terza sottoonda (blu), che si è estesa fino all’estensione in fibra 3,61 della sottoonda 1.

Inoltre, poiché le onde 2 e 4 devono alternarsi, la correzione in profondità dell’onda 2 indica che l’onda 4 è probabilmente poco profonda. Probabilmente finirà vicino a $12.125, che è il livello di 0,382 Fib della sottoonda 3 e vicino ad un’area di supporto minore.

In seguito, BTC dovrebbe riprendere il suo movimento verso l’alto. Il grafico a breve termine mostra le sottoondazioni minori completate della sottoonda 3 (mostrate in rosso e verde) che oltre ad una sottoonda 5 estesa.

Per concludere, è probabile che BTC sia in un impulso rialzista e continuerà a muoversi verso l’alto. Nel frattempo potrebbero verificarsi ritracciamenti a breve termine verso i 12.100 dollari.

Le Grayscale Ethereum Trust (ETH) est désormais officiellement une société déclarante auprès de la SEC

Deux mois après avoir déposé un formulaire 10 auprès de la SEC au nom de son Ethereum Trust, Grayscale Investments a annoncé que le Trust était désormais une société déclarante auprès de la SEC.

  • Grayscale Investments, la principale société de gestion d’actifs en devises numériques, a annoncé que son Ethereum Trust relèvera directement de la Securities and Exchange Commission (SEC) des États-Unis.
  • Grayscale a déposé un formulaire 10 auprès de la SEC il y a quelques mois au nom d’Ethereum Trust et Bitcoin Trader pour devenir le deuxième produit de la société désigné comme véhicule d’investissement en devises numériques relevant de la Commission. L’autre produit est le Grayscale Bitcoin Trust.
  • L’annonce d’aujourd’hui indique qu’à la suite de l’approbation d’Ethereum Trust par la SEC, ses actions sont désormais enregistrées conformément à la section 12(g) du Securities Exchange Act de 1934.
  • L’enregistrement auprès de la Commission permet aux investisseurs accrédités qui possèdent ou achètent des actions dans le cadre du placement privé d’Ethereum Trust de bénéficier d’une liquidité accrue. Ceci est le résultat de la réduction de la période de détention légale de 12 à 6 mois.
  • Ethereum Trust devra déposer ses rapports trimestriels et annuels, y compris ses états financiers, sur les formulaires 10-Q et 10-K auprès de la Commission. Cela vient s’ajouter aux rapports actuels sur le formulaire 8-K et au respect de toutes les autres obligations prévues par la loi sur les changes.
  • L’annonce précise que „ce dépôt volontaire du formulaire 10 ne doit pas être confondu avec un effort visant à classer Grayscale Ethereum Trust comme un fonds négocié en bourse (ETF). La structure du Trust ne changera pas, et il continuera à ne pas gérer de programme de rachat ni à se négocier sur une bourse nationale de valeurs mobilières“.

Bitcoin peut-il devenir inutile ?

Bien que cela soit extrêmement peu probable (à court terme), il est techniquement possible que le prix de Bitcoin s’effondre à zéro.

En bref
Bien qu’il ait atteint un sommet de plus de 20 000 dollars, les détracteurs de Crypto Bank soutiennent que ce n’est qu’une question de temps avant que son prix ne tombe à zéro.

Un rapport de 2018 de deux économistes de Yale place les chances de voir le bitcoin s’effondrer à zéro à environ 0,4 %.
Envoyer le prix du bitcoin à zéro serait une tâche monumentale et pourrait être presque impossible.

Le bitcoin a connu une tendance à la hausse pendant la majeure partie de son existence, son prix passant de zéro à 20 000 dollars en moins de dix ans. Même en s’échangeant à la moitié de son plus haut niveau historique, la cryptocouronne est l’une des plus grandes devises du monde, et dans sa courte durée de vie, elle est devenue l’un des actifs les plus rentables de tous les temps.

Malgré cette croissance, les détracteurs de Bitcoin ont longtemps soutenu que ce n’est qu’une question de temps avant qu’il ne s’effondre à nouveau. L’ancien partisan de Bitcoin Cash, Calvin Ayre, a récemment déclaré que Bitcoin ne valait rien, tandis que le magnat américain des affaires Warren Buffett a souvent fustigé Bitcoin, et a récemment déclaré à CNBC que toute monnaie cryptographique (Bitcoin compris) ne valait rien.

Mais que faudrait-il réellement pour que Bitcoin perde 100% de sa valeur ? En fait, beaucoup.

Bitcoin pourrait-il vraiment s’effondrer à zéro ?

En 2018, deux économistes de l’université de Yale (Yukun Liu et Aleh Tsyvinski) ont publié un rapport intitulé „Risques et rendements de la cryptoconnaissance“, dans lequel les auteurs examinent le risque que les pièces de monnaie s’effondrent à zéro en l’espace d’une journée.

En utilisant les rendements historiques de Bitcoin pour calculer sa probabilité de catastrophe sans risque, les auteurs ont constaté que la probabilité qu’une catastrophe non spécifiée fasse chuter Bitcoin à zéro allait de 0 à 1,3 %, et était d’environ 0,4 % au moment de la publication. A titre de comparaison, Tsyvinski a déclaré que l’euro (EUR) a une probabilité de 0,009% de la même chose, dans une interview à YaleNews.

D’autres affirment que Bitcoin finira par s’effondrer à zéro parce qu’il manque de valeur intrinsèque. Cependant, bien qu’il n’ait pas de valeur intrinsèque, Bitcoin est soutenu par la confiance des consommateurs et les mathématiques. Cela ressemble un peu à des devises fiduciaires comme le dollar américain (USD) et la livre sterling (GBP), qui étaient autrefois garanties par l’or (qui a une valeur intrinsèque), mais qui sont maintenant garanties par le gouvernement – même si certains diront que le dollar américain, au moins, est en fait garanti par la dette.

Scénarios de cas marginaux

Si Bitcoin devait vraiment s’effondrer à zéro, cela signifierait qu’il serait soit impossible de négocier Bitcoin ou de l’échanger contre des biens et des services, soit que la liquidité côté acheteur est tombée à zéro pour une raison quelconque. De manière réaliste, l’un des seuls scénarios plausibles qui pourrait provoquer cette situation est l’interdiction de Bitcoin par tous les gouvernements du monde, ce qui pourrait rendre sa possession ou son utilisation illégale – comme c’est le cas dans une poignée de pays.

Cela nécessiterait également de démanteler l’ensemble du réseau Bitcoin, de mettre hors ligne tous les nœuds, y compris ceux dans l’espace, et de rendre impossible la mise en place de nouveaux nœuds. En théorie, et à moins qu’une solution de contournement ne soit trouvée, cela rendrait impossible le transfert de Bitcoin et empêcherait le commerce souterrain, ce qui rendrait probablement Bitcoin sans valeur – mais cela serait presque impossible à réaliser.

Une autre possibilité est que Bitcoin soit simplement remplacé par une meilleure cryptocarte ou un système de paiement alternatif similaire, ce qui le rendrait obsolète (et donc sans valeur en tant que méthode de paiement ou réserve de valeur). Ce scénario prendrait cependant probablement plusieurs années, voire des décennies, pour se réaliser.

Quoi qu’il en soit, il est probable que les bitcoins conserveront toujours une certaine valeur, soit en tant que pièce de collection, soit en tant qu’objet historique pour les générations futures.

Un phénomène similaire a été observé relativement récemment, lorsque la Reserve Bank of India (RBI) a démonétisé les billets de 500 et 1000 roupies en novembre 2016 en raison d’une augmentation massive des faux billets. Bien que les billets authentiques de 500 et 1000 roupies ne puissent plus être utilisés comme monnaie légale en Inde, ils conservent toujours une certaine valeur en tant qu’œuvres d’art ou curiosités.

eToro arbeitet mit Ripple- und Flare-Netzwerken

eToro arbeitet mit Ripple- und Flare-Netzwerken

Ripple hat in diesem Jahr trotz der globalen Krise, in der wir uns mitten in der Krise befinden, tonnenweise Erfolge und massive Erfolge verzeichnet.

Das Unternehmen arbeitet hart daran, das bei Bitcoin Revolution gesamte XRP-Ökosystem anzukurbeln, aber auch daran, die massenhafte Einführung des digitalen Assets XRP voranzutreiben.

eToro unterstützt das Ripple-Ökosystem

Laut einer Pressemitteilung, die kürzlich von der Online-Publikation Daily Hodl veröffentlicht wurde, ist eToro stolz darauf, eine große Gemeinschaft von XRP-Inhabern auf der Plattform zu haben. eToro verrät, dass sie stolz darauf sind, die weitere Entwicklung des Ripple-Ökosystems zu unterstützen.

Es wurde enthüllt, dass eToro derzeit mit Ripple und Flare Networks über die bevorstehende Verbreitung von Spark im Gespräch ist – dies ist das ursprüngliche Zeichen der Flare-Blockkette.

Auf Twitter enthüllte Ripples Partner Flare das Datum eines Netzwerkschnappschusses – dies wird der Zeitpunkt sein, an dem alle XRP-Bestände erfasst werden, um die Verteilung von Spark zu bestimmen.

Die Veranstaltung findet am 12. Dezember statt. Es ist auch wichtig, darauf hinzuweisen, dass alle XRP-Inhaber, die Spark-Marken erhalten möchten, sicherstellen müssen, dass sie XRP unterstützende Brieftaschen oder Tauschaktionen haben.

Nach dem Start des Flare-Netzwerks werden alle XRP-Inhaber aus der Luft eine Anzahl von Spark-Münzen im Verhältnis zu ihrem XRP-Bestand erhalten. Das genaue Datum des Luftabwurfs muss bekannt gegeben werden.

Eine potenzielle Zwei-Wege-Brücke zur Verbindung von XRP und ETH

Das Hauptziel von Flare ist es, fortschrittliche intelligente Verträge laut Bitcoin Revolution und eine verbesserte Skalierbarkeit in XRP zu bringen. Dies könnte schließlich zur Schaffung einer neuen Zwei-Wege-Brücke zwischen XRP und der ETH führen.

Brad Garlinghouse, CEO von Ripple, sprach über die Bedeutung von Flare:

„Aus meiner Sicht kombiniert Flare das Beste aus XRP (sehr schnelle Abwicklung), Ethereum (intelligente Verträge) und Avalanche (für Konsens), was dazu beiträgt, den Nutzen von XRP zu erweitern und Entwicklern die Möglichkeit gibt, intelligente Verträge für neue Anwendungsfälle wie Ausleihe und DeFi zu erstellen.

Bitcoin Mining: Five news items that set the tone during the week

In this weekly summary we present you the five most important news of this week in the field of Bitcoin mining. It is worth noting that, cryptomining is one of the most booming businesses in the world, especially in these months of pandemic.

The energy consumption, by the mining farms, has shot up to historical limits. Millions of people are going into business as a measure of need caused by the economic crisis of unemployment and business failure.

In other words, many of the people who have been put out of work and the traders who have gone bankrupt due to the pandemic are now miners. For this reason, Bitcoin mining continues to generate news of impact on all five continents.

Top Five Bitcoin Mining News

This is the list of the most important headlines, which were references in the main news portals:

Illegal Farms in Iran Are Targets for Snitches and State Security Forces.
The government of Inner Mongolia (China) is considering the elimination of energy subsidies for the Bitcoin miners.
The total consumption of Bitcoin mining soars to 7.46 Gigawatts.
Riot Blockchain buys 5,100 ASICs and joins the high-speed race for Bitcoin hash rate dominance.
Since May’s Halving, the difficulty of Bitcoin mining has increased by 9%.

More than a thousand farms dismantled by Tehran authorities

The Islamic Republic of Iran is one of the most striking countries in terms of its government’s behavior towards Bitcoin Millionaire mining. Until a few months ago, the activity was furiously pursued by state officials.

However, since a few weeks ago, it has been legalized with strict control by Tehran. In this sense, operating without state authorization is a crime. On the other hand, government-subsidized electricity rates do not apply to Bitcoin mining.

This has motivated the miners to operate clandestinely in busy industrial areas, which complicates their location. In response to this, the Persian authorities began a campaign to reward people who denounce clandestine farms.

So far, more than 1,000 farms have been dismantled, according to information from Iranian officials.