Surprisingly the price of bitcoin that suddenly rises, Iran opens an opportunity to make its own digital currency
The Cryptocurrency price rose on Tuesday as Iran revealed details of its national cryptocurrency in response to US economic sanctions.
Bitcoin rose 3.2% to $ 6898.9
Iran's central bank, the Informatics Services Corporations (ISC), revealed that the cryptocurrency will be supported by Rial. The digital currency cannot be mined because it has been developed under a private blockchain infrastructure, and that the issuer is Iran's central bank and the volume of issuance depends on the bank's decision.
Three of the world's largest bitcoin mining equipment manufacturers, Bitmain, Canaan Inc. and Ebang International Holdings, are planning to IPO in Hong Kong. The three companies designed high-end computer chips for cryptocurrency mining and sold mining equipment with chips.
The sharp decline in bitcoin prices since the beginning of the year is likely to burden investor interest in these companies. But it is not limited compared to the interests of bitcoin miners.
The fall in the price of bitcoin from its peak has not been proportional to the decrease in the number of people mining it. But active miners continue to conduct bitcoin mining as an alternative to some of the more promising bitcoin derivatives.