Arthur Hayes, co-founder of BitMEX, said that the present U.S.-Iran conflict could trigger a fresh bullish leg for Bitcoin and other crypto assets. Hayes argues that U.S. military engagement has historically resulted in Federal Reserve rate cuts and that the current tensions may follow a similar cycle. According to Hayes
Bitcoin fell sharply in weekend trading after the United States and Israel launched military strikes on Iran, sending the cryptocurrency close to $63,000. The drop marked a decline of roughly 3% within hours and pushed the asset to its lowest level since early February. The sudden move followed confirmation of
U.S. Senator Richard Blumenthal publicised a formal Senate inquiry into Binance after the latest news reports unveiled that the world’s biggest cryptocurrency exchange reportedly facilitated around ₹1.7 billion in transactions associated with sanctioned Iranian bodies and Russia’s so-called “shadow fleet” of oil tankers. The ranking member of the Senate Permanent
Binance, a prominent crypto exchange, has mentioned that it has prominently suppressed exposure to sanctioned bodies and high-risk jurisdictions, comprising exposure to Iran since January 2024. On February 23, Binance posted a blog titled “Setting the record straight” that mentioned its sanctions-associated exposure as a percentage of the overall exchange
Israeli prosecutors indicted the two on charges of attempting to use confidential military intelligence to make bets on Polymarket, a blockchain-based prediction market. The suspects include one Israeli Defence Forces reservist and another civilian. Authorities accused the reservist of obtaining sensitive operational intelligence in the course of his military duties
The U.S. Department of the Treasury is reviewing whether crypto exchanges and digital asset infrastructure have been used by Iranian-linked actors to circumvent international sanctions. The U.S. regulators are also paying attention to the centralized exchanges, stablecoin routes, and liquidity providers that could act as repeatable access points for the
The US-Iran conflict saw a new incident, following which the market noted a rally for Gold prices. Its rise as an alternative safe haven for investors has again brought crypto prices under the scanner. All leading tokens are below the major milestones, possibly waiting to review developments on Friday between
The U.S. Treasury has sanctioned two crypto exchanges in the UK, Zedcex and Zedxion, for allegedly assisting Iran in evading U.S. and international financial sanctions. The sanctions were issued by OFAC, or the Office of Foreign Assets Control, at the U.S. Treasury. This is the first time that OFAC has
The Iranian government blocked all access to the internet across the country yesterday in response to the spread of protests throughout Iran, reigniting discussion over whether cryptocurrency is still possible amidst extreme levels of connectivity restriction. The move comes as a result of Iran’s deteriorating economy and its Iranian rial
The move, according to various local Iranian media sources, has been initiated by the Iranian government, which now permits foreign governments to purchase sophisticated equipment from the Iranian Defence Ministry using cryptocurrency. The project is led by the Ministry of Defence Export Center, or Mindex, a government entity tasked with
