Cryptocurrency Market Officially in Longest Bear Snooze in History – How Long Will it Last?
In the last 24 hours, the crypto market slightly recovered from $111 billion to $113 billion as Bitcoin rebounded to $3,400. Other major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) recorded gains in the range of three to seven percent against the U.S. dollar. Following the partnership with R3 and SWIFT, rumors around a potential SWIFT and Ripple partnership emerged and analysts attributed the sudden increase in the price of XRP to the rumors. Longest Bear …
Iran Launches Gold-backed Cryptocurrency as Anticipation for Crypto-Rial Grows to Evade US Sanctions
A gold-backed cryptocurrency has been launched in the Islamic Republic of Iran,. The cryptocurrency known as Peyman (the Persian word for covenant) is the fruit of cooperation between four banks and Ghoghnoos Company. The four partner banks are Parsian Bank, Bank Pasargad, Bank Melli Iran and Bank Mellat. Iran Fara Bourse, an over-the-counter exchange, is also expected to host the new currency, Iranian English daily Financial Tribune reports. Tokenization of Assets Belonging …