RATE Group | WORLD NEWS: Last Week in Blockchain and Crypto
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WORLD NEWS: Last Week in Blockchain and Crypto

06 Jan WORLD NEWS: Last Week in Blockchain and Crypto

Posted at 07:07h in Cryptocurrency News by

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2020 is finally here and crypto seemed positioned to take this decade to the next level. The first week of the decade has seen new developments ranging from a spike in bitcoin prices in Iran following U.S. military strikes to increased adoption of the SegWit technology which dramatically increases speed and efficiency of Bitcoin transactions.

With talk of war comes the price of war and last week was no different following U.S. military strikes at Iran which saw Iran-based bitcoin sellers asking for 1 billion Iranian Rials, which is over $24, 000 per Bitcoin in LocalBitcoins. While this is the ‘official rate’ the actual rate in the street is closer to the BTC’s actual global market rate. Even amidst all of this, Iran has reportedly proposed a Muslim cryptocurrency as one of the measures to confront the economic dominance of the United States. Still, opposition to cryptocurrency mining in the currency makes crypto adoption challenging.

Last week, more talk…

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