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Iran Ditches Rial in Hyperinflation Crisis — Bitcoin Demand Rises

Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, each toman will be worth 10,000 rials.The redenomination plan effectively removes four place values (four zeros) from the Iranian

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Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

With bitcoin's price jumping to a two-month high above $9,000, even mining equipment thought obsolete is becoming profitable again, at least for a short time.According to the miner profitability index, tracked by mining pools PoolIn and F2Pool, older mining rigs, such as Bitmain's AntMiner S9 or Canaan's Avalon A851, can

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