News
A Chainalysis report has revealed that US-sanctioned jurisdictions, including Iran and Russia, moved $15.8 billion in crypto in 2024, with mixing services aiding evasion.
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Iran News
Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.
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The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
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As interest in Hamster Kombat declines, PAWS surges, outperforming the once-top Telegram Mini App.
6144483 - Market Analysis
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
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The chief of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid.
7419 - Newsletter
A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees.
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Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.
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The AI firm has terminated accounts linked to several alleged foreign covert influence operations.
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According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations.
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Bitcoin's price whipsaws align with global conflict and macroeconomic concerns, but data shows investors’ halving expectations positively impacting BTC price.
25305 - Markets News
The price of Bitcoin briefly went under $60,000 for the second time this week after reports of explosions at an airport in central Iran.
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Bitcoin and other cryptocurrencies fall sharply following Iran’s attack on Israel.
38620 - Investigation
A Telegram admin for BingX claims that the exchange “has no problem with Iranian users, and it is even possible to authenticate with a national card.”
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According to the report, Europe is home to nine of the 10 least profitable countries for Bitcoin mining, based on household electricity costs.
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The Central Bank of Iran progresses with CBDC development in anticipation of a visit by the Bank of Russia’s governor Elvira Nabiullina.
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