Major Iranian private bank goes bankrupt, roiling 42M customers

After accumulating around $8 billion worth of losses and debt, Iran’s Ayandeh Bank has been dissolved, with customer assets absorbed by the state-owned Bank Melli.

After accumulating around $8 billion worth of losses and debt, Iran’s Ayandeh Bank has been dissolved, with customer assets absorbed by the state-owned Bank Melli.

Bitcoin doesn’t consistently act as a hedge against inflation, but it has instead “evolved into a liquidity barometer,” says NYDIG’s Greg Cipolaro.

Zcash rallied 490% in the last 30 days and also crossed the $5 billion market capitalization threshold for the first time on Sunday.

Western Union CEO said there are “significant opportunities” to utilize stablecoins for sending and receiving money across borders.

Prime Minister Shehbaz Sharif on Sunday formally…
