This week, the U.S. officially removed Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, disallowing the Central Bank of the Islamic Republic of Iran from working with financial institutions worldwide. Iran could eye a switch to crypto as a response, as it hinted in early 2018. The U.S. government imposed strict sanctions on Iran in … [Read more...] about Will Iran Really Switch to Crypto as Planned?
There’s still no reprieve for weed investors. Shares of cannabis companies took another big hit Monday, adding to the worst week for the sector in nearly nine months, led by a big and active selloff in Aurora Cannabis Inc. Separately, the NYSE American exchange said trading in the shares of India Globalization Capital Inc. US:IGC which claimed it was in the medical cannabis … [Read more...] about Pot Stocks Take Another Hit in Wake of Worst Week for the Sector in Nearly 9 Months
A Chinese principal lost his job after hidden cryptocurrency mining machines were found sucking up his school's electricity. The Ethereum-mining devices were discovered after teachers at the school in southeastern Hunan province got suspicious about a whirring noise they were hearing all day and night, the BBC reported Friday, citing local media. Cryptocurrency mining becomes … [Read more...] about Secret cryptocurrency mining gets Chinese principal fired
GOLD & CRUDE OIL TALKING POINTS: Gold prices sink as the US Dollar deftly juggles haven-, yield-based appeal Crude oil prices bounce as OPEC+ officials hint at new output cuts in 2019 S&P 500 futures hint at risk-on bias, Adipec chatter may be market-moving Gold prices fell even as bond yields tracked stocks lower and the priced-in rate hike path implied … [Read more...] about Gold Prices May Fall Further as US Dollar Recovery Continues
Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts. DMG Blockchain Solutions initially revealed its plans to launch the station in July, stating that their … [Read more...] about Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation