RATE Group | Iran Tensions Put Bitcoin In The Spotlight; Ernst & Young Bets On Public Blockchain
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Iran Tensions Put Bitcoin In The Spotlight; Ernst & Young Bets On Public Blockchain

13 Jan Iran Tensions Put Bitcoin In The Spotlight; Ernst & Young Bets On Public Blockchain

Posted at 05:27h in Bitcoin News by

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CRYPTO MARKETS

Bitcoin was along for the ride this week as tensions between the U.S. and Iran alternately escalated and deescalated, moving sharply higher to almost $8,500 after news reports of Iran’s missile attack on U.S.-led forces in Iraq early on Wednesday, then falling back to just under $8,000 following President Trump’s comments downplaying the situation.

Predictably, bitcoin followed other traditional safe-haven assets, including gold and the Japanese yen.

At the beginning of the crisis, it was widely reported that the bitcoin price in Iran had soared to around $24,000—this was based on a common misunderstanding of exchange rates in Iran.

ERNST & YOUNG BETS ON BLOCKCHAIN

Last month, audit…

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