1. Iran bans banks from cryptocurrency trading
Iran is following in the footsteps of China and South Korea, announcing a ban from its central bank on the trading and promoting of cryptocurrencies. As reported by Reuters, Iranian state news agency IRNA issued a statement on Sunday claiming that banks, credit institutions and currency exchanges “should avoid any sale or purchase of these currencies or taking any action to promote them”. Read more at Alphr.
2. Early investor in Tesla, Skype and Hotmail says bitcoin will be bigger than all those combined
Venture capitalist Tim Draper says bitcoin will be bigger than his early investments Tesla, Hotmail, and Skype combined. “This is bigger than the internet. It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution,” Draper said at Intelligence Squared U.S. debate presented in partnership with Manhattan Institute’s Adam Smith Society on Saturday. “This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined.” — He said in an interview. Read more at CNBC.
3. Wikileaks Claims Coinbase Has Shut Down Its Online Store’s Bitcoin Account
Wikileaks’ official online merchandise store claims that its account with Coinbase has been suspended by the cryptocurrency exchange. Wikileaks, a leaked documents depository that was central to a long string of international scandals even before the 2016 presidential election, is now calling for a boycott of Coinbase. Read more at Fortune.