Iranian Conflict a Successful Beta Test for Bitcoin as Wartime Safe Haven

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[NEWS BLOG]: Iranian Conflict a Successful Beta Test for Bitcoin as Wartime Safe Haven

Bitcoin’s primary use-case is continuously evolving. At first, many thought the cryptocurrency would be the next generation payment method. Scaling issues and extreme volatility deterred many merchants from accepting BTC.

At that point, critics thought that the virtual currency would die. But, the number one crypto proved to be resilient as its value proposition changed into a store of value and as the only non-correlated asset in the world. In the last week, bitcoin’s use-case is making another transformation.

An analyst tracked bitcoin’s performance as the turmoil in Iran escalated. It appears that one of the surprising consequences of geopolitical risk is bitcoin’s breakout from a six-month falling wedge. This could indicate that the top cryptocurrency is evolving to become a wartime safe-haven asset.


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Besides, there is a major bullish trend line forming with support near $0.2305 on - read more.

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India Plans to Issue a National Blockchain Framework

The Indian government is preparing a national framework to support the wider deployment of blockchain use cases.

Minister of state for electronics and IT (MeitY) Sanjay Dhotre said Wednesday that the government is drafting an approach paper on the National Level Blockchain Framework which discusses the potential for distributed ledger technology and the need for a shared infrastructure for different use cases. 

Dhotre made the announcement in a letter addressing questions about blockchain from members of the Lok Sabha, the lower house of the Indian parliament.

In particular, MP Parvesh Sahib Singh Verma asked whether the government had encouraged and conducted research - read more.

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