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The U.S. Treasury sanctioned an Iranian national for operating Nemesis, a darknet drug marketplace, and blacklisted almost 50 crypto addresses tied to it. The U.S. Treasury has taken action against Behrouz Parsarad, an Iranian national behind Nemesis, a darknet marketplace…
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Crypto adoption in Iran surged in 2024 as citizens sought to escape economic turmoil and government-imposed financial restrictions. According to Chainalysis, Iranian crypto outflows reached $4.18 billion — up 70% year-over-year — as trust in the financial system eroded and…
BTC
Bitcoin
Markets
Bitcoin and altcoins continued their downward trend while crude oil prices jumped as the odds of a wider crisis in the Middle East rose. Bitcoin (BTC) retreated below $60,000 for the first time since Sep. 16 after Joe Biden hinted…
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Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces…
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Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known…
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Iran’s cryptocurrency mining sector is under fire as United States Senators Elizabeth Warren and Angus King believes its a threat to national security. According to a letter to National Security Advisor Jake Sullivan, Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen, sent on May 1,…
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The Iran-Israel conflict contributed to a crypto collapse. And last week, regulators sent a Wells Notice to Uniswap. And SBF wants to appeal his sentencing. Here's our weekly recap.
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After Iran's April 13 drone attack on Israel, here's how the crypto market reacted: $860 million liquidated and BTC plummeting more than 8%.
BTC
Bitcoin
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Historically, geopolitical instability tends to drive investors away from riskier assets. That's what happened Friday with crypto as Iran-Israel tensions escalated.
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The U.S. Treasury is pushing for more authority to tackle the growing misuse of crypto by Iran, Russia, and North Korea. According to a report from Bloomberg, Deputy Secretary Adewale Adeyemo emphasized in written testimony ahead of a Senate hearing…
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The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.…
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Iranian crypto trading platform Bit24.cash has apparently inadvertently exposed the sensitive data of nearly 230,000 users, according to recent research. According to an investigation conducted by Cybernews, the Iranian crypto exchange Bit24.cash misconfigured a high-performance object storage system instance, inadvertently…
BTC
Bitcoin
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As businesses in Iran seek new ways to bypass sanctions, the country has welcomed a decentralized crypto exchange and a non-custodial crypto wallet.
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The Defense Minister of Israel, Yoav Gallant, said the government had seized millions of dollars worth of cryptocurrencies linked to Iran’s military arm, Quds Force, and the Lebanese militant group Hezbollah. According to a report by Associated Press (AP), the…
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TRM Labs recently researched Iranian crypto adoption and published key findings about exchanges and trading volumes.
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Iranian Cyber Police, also known as FATA, has released a set of restrictions for the local cryptocurrency exchanges, according to Saeed Ghasemi, a crypto reporter at the Persian outlet MihanBlockchain. Ghasemi says that FATA has published a 13-page document that…
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