The cryptocurrency ecosystem of Iran is still structurally sound regardless of contracting sharply after the United States and Israeli military strikes, as per a new report published by TRM Labs. On March 2, a published post mentioned that the blockchain analytics company mentioned that transaction volume on Iranian exchanges slipped
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
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
Following Israel’s airstrikes against targets in Iran, the price of Bitcoin fell nearly 4% from $108,500 to $103,500, as per the data from CoinMarketCap. Israel revealed that the strikes were targeted at Iranian military infrastructure near Tehran and Tabriz. The country described it as a preemptive response to increasing threats.
Israel is set to debut six Bitcoin mutual funds on December 31, marking a milestone for local crypto investment. The Israel Securities Authority (ISA) approved the funds last week, following years of requests from asset managers. The mutual funds will be managed by six firms: Migdal Capital Markets, Phoenix Investment,
Israel has reportedly lost billions of shekels in potential tax revenue from cryptocurrencies, according to a report published today by the State Comptroller and Ombudsman. The audit highlights severe lapses in the nation’s approach to taxing digital currencies, revealing an estimated annual revenue loss of NIS 2 to 3 billion
Binance blocked Palestinian crypto funds. The exchange seized cryptocurrency from Palestinians as per the request of the Israel Defence Force (IDF). They refused to return the funds and all the appeals have been denied. Moreover, the assets are frozen and seized. Also, #BoycottBinance is currently trending on Twitter. In addition
Bitcoin (BTC) has experienced a significant downturn, marking its fourth consecutive day of losses. The world’s largest digital asset by market value fell below $26,600, a level not seen since the beginning of October. Several factors have contributed to this decline, including concerns related to the ongoing conflict in the
In the wake of escalating tensions between Israel and Hamas, the global cryptocurrency market has exhibited heightened volatility, mirroring the unrest in the geopolitical landscape. The conflict has given rise to significant concerns for both investors and the broader digital asset ecosystem. However, amidst the turmoil, unique developments have emerged,
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
