Search results for IRGC
Crypto
Iran\'s crypto market grows to 11.5 trillion won, used from IRGC arms to currency exchange
Years of international sanctions and a sharp currency decline have turned Iran into a major player in the cryptocurrency market, the Wall Street Journal reported. Blockchain analytics firm Chainalysis estimated Iran’s crypto market at about $7.8 billion last year, with more than half of activity linked to the Islamic Revolutionary Guard Corps and related groups. The IRGC is reported to use crypto to obtain weapons and raw materials, while the central bank reportedly amassed tether.
Crypto
Bitcoin rises despite worsening U.S. indicators as $73,000 hopes grow
Bitcoin extended gains and regained the $72,000 level despite signals of rising U.S. inflation and slowing growth. The move was seen as reflecting investors shifting toward scarce assets amid growing recession risk and a weaker dollar. Markets also weighed expectations of liquidity support and doubts over the Federal Reserve’s ability to prevent a downturn without stoking inflation. Rising oil prices and fragility in a U.S.-Iran ceasefire were cited as risks that could undermine risk appetite.
Crypto
Arthur Hayes says he will not believe Iran Hormuz bitcoin toll until he sees a transaction
Arthur Hayes, a BitMEX co-founder, publicly questioned claims that Iran is charging bitcoin tolls for tankers passing through the Strait of Hormuz. He said he would not believe the claim until he sees a bitcoin transaction linked to a vessel’s toll payment. Reports have described a toll of about $1 per barrel, payable in cryptocurrency or Chinese yuan. Shipping activity has remained limited despite a two-week U.S.-Iran ceasefire.
