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Time Warner Inc. is no more.
Late Thursday, AT&T Inc. announced that it completed its $ 85-billion acquisition of Time Warner Inc., just two days after a federal judge in Washington gave the deal the green light. AT&T wasted little time consolidating its hard-fought prize — a blockbuster purchase…
A federal judge Tuesday cleared the way for AT&T Inc.’s $ 85.4-billion purchase of Time Warner Inc., creating an entertainment colossus that promises to reshape the media business.
U.S. District Judge Richard Leon’s ruling in the biggest antitrust case of the century is expected to pave the way…
Diddy’s got a keen eye for fine art, and his historic purchase of a Kerry James Marshall painting is a huge score for him and a bigger score for the artist … according to a famous expert. Brett Maly – the fine art appraiser from “Pawn…
The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $ 2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin.
$ 2.5 Billion Capital Flight
Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, was quoted saying last week by Ibena.ir news agency:
Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.
He previously told Isna newspaper that Iranians had transferred $ 30 billion out of the country over the few months ending March. “Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.
The chairman’s statement came on the heels of the Central Bank of Iran (CBI) banning banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.
Iran’s National Cryptocurrency
Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, recently confirmed that an experimental local cryptocurrency has been developed and a test model was ready.
However, in an interview with Ibena.ir last week, Pourebrahimi said that “No virtual national currency has been designed in the country at the present [time].”
Nonetheless, he explained that Iran’s national crypto can “facilitate economic deals and circumvent sanctions,” the news outlet conveyed. Citing that “the future of the world economy will be done on digital currencies,” the chairman was quoted asserting that the national cryptocurrency “can pave the path for multilateral currency swap agreements between Iran and countries which are enthusiastic to have economic cooperation with Iran but they couldn’t have it so far owing to the sanctions.” He also elaborated:
The structure of the cryptocurrency should be suitable for economic activity and be acceptable at the international level simultaneously.
Pourebrahimi believes one of the benefits of cryptocurrencies “is [the] absence of [the] American regulator,” which he admitted can circumvent sanctions. His statement echoes Azari-Jahromi’s statement made last week that “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”
Meanwhile, U.S. President Donald Trump has withdrawn the US from the 2015 Iran nuclear deal by restoring sanctions on Iranian oil exports.
What do you think of Iranians spending $ 2.5 billion to buy crypto abroad? Let us know in the comments section below.
Images courtesy of Shutterstock and Azernews.
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The post $ 2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies appeared first on Bitcoin News.
Justice Department makes final plea to judge to halt AT&T’s proposed purchase of Time Warner or significantly scale it backApril 30, 2018 | dailybusinessnews
The government on Monday made its final plea to a federal judge to block AT&T Inc.’s $ 85.4-billion purchase of Time Warner Inc. or order it significantly scaled back, arguing that the combined company would be so powerful it would hinder competition and raise pay TV prices for consumers.
Marcus Davenport was the 14th pic in the NFL Draft and is now slated to make MILLIONS! So, what’s his first big purchase??!? Mickey D’s, baby!!! The New Orleans Saints newest defensive end was craving some burgers after the draft — and told our…
China is the last major government yet to approve the pending deal and this is its first public comment since Beijing-Washington trade tensions ramped up.
WSJ.com: What’s News Asia
Americans are known around the world for their love of over-the-top holiday shopping. But recently at least some have actually made a smart and sensible purchase around Black Friday and Cyber Monday. In fact, people in Nevada acquired so many Ledger Nano wallets, to better protect their cryptocurrency holdings, it became the most bought item in the state during the holidays.
Bitcoin – the Gift That Keeps on Giving
In a recently published analysis, which identified the top selling items in every US state, it was found that the bitcoin hardware wallet Ledger Nano was the most popular holiday purchase in Nevada. The cryptocurrency security-enhancing tool has been able to beat out gadgets such as Amazon Fire tablets as well as daily necessities which were more popular in other states.
The research was conducted by personal shopping assistant app, Earny, using data from more than 100 million online purchases between November 1st, 2017 and February 1st, 2018. The app directly monitors users’ email inboxes for receipts to find price drops and thus was able to get cross-industry data held separately by many individual online shopping websites such as Amazon, Best Buy, Walmart, Zappos and more.
Ledger was founded in 2014 by a team of eight and now employs 82 people in San Francisco, Paris and Vierzon. The company, which says it is already profitable, claims to have sold over one million cryptocurrency hardware wallets across 165 countries. In January 2018 it raised $ 75 million (EUR 61 million) in a Series B funding round, led by venture capital fund Draper Esprit.
The research does not give an indication as to why Nevada is the American leader in hardware wallets purchases, but one possible reasons is that the state offers more interesting spending opportunities for bitcoin holders. For example, earlier this year we reported about a Las-Vegas strip club where patrons can pay by scanning QR tattoos with wallet addresses the dancers wear on their naked bodies.
What makes Nevada a top market for bitcoin hardware wallets? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, Earny.
The post Bitcoin Hardware Wallet Nano Ledger Most Popular Holiday Purchase in This US State appeared first on Bitcoin News.
Gilead Sciences Inc.’s stock rose Thursday after the biotech company’s Kite Pharma unit gained federal approval for its flagship cell-treatment therapy for adults with advanced lymphoma.
The Food and Drug Administration’s approval Wednesday of Kite’s treatment represented a rapid payoff for Gilead….
Luxury brokerage Douglas Elliman Real Estate, a well-known New York firm that entered the L.A. market less than four years ago, has agreed to purchase Teles Properties in a bid to expand in California as the state’s housing market booms.
Teles, a local rival based in Beverly Hills, has offices…