Iran
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energy shortages in recent years. On April 16, the Tehran Times reported, citing the country’s Power Generation, Distribution, and Transmission company, that the government plans to drastically increase the fines rates for the mining operators who use subsidized electricity. The company’s representative Mohammad Khodadadi Bohlouli specified: “Any use of subsidized electricity, intended for households, industrial, agricultural and commercial subscribers, for mining cryptocurrency is prohibited.” According to Bohlouli, the fines for the use of subsidized energy in mining will rise by...
World Cup 2022 Draw: England Get USA in Group Stages
The World Cup draw has been made, and England fans will feel confident after they avoided any big names. However, there is the real possibility of the English having to take on neighbours Wales or Scotland, depending how the one remaining European qualifying place goes. Elsewhere, there were some juicy draws, none bigger than European giants Spain and Germany being pitted together in the same group. Favourites Brazil and France will be confident, although the Portuguese have been drawn in a potentially tricky group. England avoid big guns The draw really couldn’t have been much kinder to England. Drawn in Group B, they first drew USA from the second batch of teams. Iran were then drawn, setting up a politically tense match with the US. It was the final team drawn in the group that provided...
CEXs refuse blanket asset freeze of all Russian users, though questions linger
Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users. A few days prior, Mykhailo Fedorov, Ukraine’s minister of digital transformation, had called for “all major crypto exchanges to block [wallet] addresses of Russians” and “also to sabotage ordinary users [by freezing their assets].” In explaining why he was not preemptively banning all Russians (though, Coinbase is not available in Russia), Brian Armstrong, CEO of Coinbase, specifically wrote: “We believe everyone deserves access to basic financial services unless the law says otherwise. Some ordinary Russians are using crypto as a lifeline...
Digital Denarius: How a crypto revolution could have saved the Roman Empire
Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side. Venezuela’s official currency, the bolívar, has suffered from hyperinflation for half a decade due to repeated currency devaluations, minimum wage rises and significant public spending increases. For a sustained period of several centuries, the Roman Empire enjoyed the enormous trade and commercial benefits associated with the world’s first fiat currency, as explored in my book Pugnare: Economic success and failure. The Roman currency was comprised of three coins: gold (Aureus), silver (Denarius) and copper or brass coins (Sestertius a...
Iran halts authorized crypto mining to save energy for winter
Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers. Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran is shutting down crypto mining centers again to reduce liquid fuel consumption in power plants amid decreasing temperatures. Mashhadi said that Iranian authorities took this action to reduce energy consumption last month, The Islamic Republic of Iran Broadcasting reported on Saturday. “The Energy Ministry has been implementing measures since last month to reduce the use of liquid fuels in power plants, including cutting licensed crypto farms’ power supply, turning off lampposts in less risky are...
Lithuania begins building barrier on border with Belarus to block migrants
Lithuania began building a barrier along its border with Belarus on Friday after accusing Belarusian authorities of flying in migrants from abroad to send illegally into the European Union. The first stretch of barrier will run 500 metres (1,640 feet) in length, measure 1.8 metres (six feet) in height and consist of concertina and razor wire, the army defence chief’s spokeswoman Ruta Montvile told Reuters. Belarus in May decided to allow migrants to enter EU member Lithuania in retaliation for sanctions imposed by the bloc after Minsk forced a Ryanair flight to land on its soil and arrested a dissident blogger who was on board. “If someone thinks we will close our border with Poland, Lithuania, Latvia and Ukraine and will become a holding site for those running from Afghanistan, Iran, Iraq...
Euro 2020: Cristiano Ronaldo ‘proud’ of Portugal’s efforts after elimination
Captain Cristiano Ronaldo said on Monday he was “proud” of holders Portugal’s efforts despite bowing out of Euro 2020 after the weekend’s 1-0 last 16 loss to Belgium. “We did not get the result we wanted and we leave the competition sooner than expected,” the 36-year-old Juventus star and five-time Ballon d’or winner admitted as his side failed to match their 2016 exploits. “But we are proud of our showing. We did everything we could to retain the title of European champions and this group proved it could still give the Portuguese people much joy,” the former Manchester United and Real Madrid attacker posted on social media after Sunday’s loss. “Congratulations to Belgium and good luck to all the teams left in. As for us, we shall return stronger,” vowed the veteran who at least could cons...
U.S. blocks websites linked to Iranian disinformation
The U.S. Justice Department on Tuesday blocked some three dozen websites, many of them associated with Iranian disinformation activities, a U.S. government source said, adding an official announcement was expected. The source in Washington spoke after notices appeared earlier on Tuesday on a number of Iran-affiliated websites saying they had been seized by the United States government as part of law enforcement action. Iranian news agencies said that the U.S. government had seized several Iranian media websites and sites belonging to groups affiliated with Iran such as Yemen’s Houthi movement. Some sites later started to display as normal. The website of the Arabic-language Masirah TV, which is run by the Houthis, read: “The domain almasirah.net has been seized by the United States Governm...
White House: No plans for Joe Biden to meet new Iranian leader
There are currently no plans for U.S. President Joe Biden to meet with Iran’s newly elected leader, according to the White House, which downplayed Ebrahim Raisi’s influence. Raisi, a strident critic of the West, will take over from pragmatist Hassan Rouhani on Aug. 3 after an election on Friday. In a news conference on Monday, he backed talks to salvage a tattered nuclear deal with Washington but ruled out personally meeting with Biden. read more White House press secretary Jen Psaki said on Monday that little had changed because Supreme Leader Ayatollah Ali Khamenei is the key decision maker in Tehran. “We don’t currently have any diplomatic relations with Iran or any plans to meet at the leader level,” she told reporters. “Our view is that the decision maker here is the Supreme Leader.” ...
Iran summons UK envoy over alleged attacks on expat voters
Iran summoned Britain’s ambassador Saturday to protest what it said were violent incidents targeting its expatriates as they voted in presidential elections at polling stations set up in the UK. A foreign ministry spokesman in the Islamic republic said such acts included the “beating” of a female voter. The violence was perpetrated by “anti-revolutionary, anti-democratic and terrorist elements insulting the voters and staff,” Saeed Khatibzadeh said in a statement. Iranian media had reported several incidents on Friday on the sidelines of the vote organised for Iranian citizens abroad at sites in Britain, the United States, Australia and in other countries. Iranian ultraconservative cleric Ebrahim Raisi was on Saturday declared the winner of the presidential race, on a voter turnout of 48.8...
COVID-19: Hard choices made by Nigeria responsible for successful impact – President Buhari
President Muhammadu Buhari has said the hard choices made by his administration to tackle the coronavirus pandemic ravaging the world have yielded successful impacts. The president, who addressed Nigerians in a nationwide broadcast on Saturday to mark the 2021 Democracy Day, was referring to some measures, including travel restrictions across the states of the federation and beyond, compulsory use of nose masks, hand washing protocols and other relevant protocols instituted to limit spread of the virus. Mr Buhari said; “Our response to the pandemic involved making hard choices in balancing livelihoods and public health concerns. “You are all living witnesses to how successful this has been due to a number of proactive measures put in place. Our response to COVID-19 is globally acclaimed. “...
Iran says nuclear talks policy won’t change after presidential vote
Iran’s policy in talks with world powers to revive the 2015 nuclear accord will remain unchanged after a June 18 presidential election because the issue is decided by its highest leadership, a government spokesman said on Tuesday. A host of barriers to the revival of the nuclear deal remain firmly in place ahead of talks due to resume this week, suggesting a return to compliance with the accord is still a way off, diplomats, Iranian officials and analysts said. “We have shown that we adhere to our international obligations under all circumstances, and this was a national decision,” cabinet spokesman Ali Rabiei told a weekly news conference. Rabiei said Iran’s nuclear policy, set by Supreme Leader Ayatollah Ali Khamenei, is not linked to internal developments and that the new government wou...
