Iran Crypto
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Iran Crypto Exchange Hit By Hackers, $90 Million Destroyed
An anti-Iranian hacking group with possible ties to Israel announced an attack on one of Iran's largest cryptocurrency exchanges, destroying nearly $90 million and threatening to expose the platform's source code.
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
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Russia, Iran to Co-Create Gold-Backed ‘Token of Persian Gulf’ Crypto Asset: Report
Russia and Iran are reportedly planning to form an alliance to co-develop a stablecoin pegged against gold as the reserve asset. The stablecoin, upon its launch, will begin its operations in the special economic region of Astrakhan, where Russia receives cargo shipments from Iran.
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Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
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Bittrex Fined $29.3 Million by US Treasury Department Over Sanction-Defying Crypto Transactions
Bittrex has agreed to pay a fine of $29.3 million over allegations that the company completed transactions that defied US sanctions. The exchange failed to adequately police transactions that involved parties in several areas under US sanction, including the Russian-annexed Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria, according to the US...
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Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
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NFT Platform OpenSea Starts Blocking Users, Says It’s Following US Sanctions List of Banned Countries
OpenSea NFT marketplace has restricted some users from accessing their accounts. OpenSea has claimed that it is adhering to US’ sanctions law in having to bar access from some locations. US’ sanctions list prohibits American companies from providing goods and services in some countries including Iran, North Korea, Syria, and now Russia. The pub...
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Iran Imposes 3-Month Ban on Authorised Bitcoin Mining Facilities Due to Excessive Power Usage
The authorities of Iran are addressing the concerns around power outages plaguing several parts of the country. The process of Bitcoin mining is being banned in Iran till March 6, so that the electricity that goes into facilitating the process is distributed among citizens of the country.
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Iran Crypto Exchange Hit By Hackers, $90 Million Destroyed
An anti-Iranian hacking group with possible ties to Israel announced an attack on one of Iran's largest cryptocurrency exchanges, destroying nearly $90 million and threatening to expose the platform's source code.
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Russia, Iran to Co-Create Gold-Backed ‘Token of Persian Gulf’ Crypto Asset: Report
Russia and Iran are reportedly planning to form an alliance to co-develop a stablecoin pegged against gold as the reserve asset. The stablecoin, upon its launch, will begin its operations in the special economic region of Astrakhan, where Russia receives cargo shipments from Iran.
-
Kraken Crypto Exchange to Cut Global Workforce by 30 Percent Amid Crypto Winter
Kraken crypto exchange said it will lay off 1,110 employees, or 30 percent of its global workforce on Wednesday. The crypto exchange has cited difficult market conditions as the reason for reducing the number of its employees. Kraken follows crypto exchange Coinbase Global, which slashed jobs in its recruiting and institutional onboarding teams in ...
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Bittrex Fined $29.3 Million by US Treasury Department Over Sanction-Defying Crypto Transactions
Bittrex has agreed to pay a fine of $29.3 million over allegations that the company completed transactions that defied US sanctions. The exchange failed to adequately police transactions that involved parties in several areas under US sanction, including the Russian-annexed Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria, according to the US...
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Kraken Under US Treasury Investigation for Violating Sanctions Against Iran: Report
Popular crypto exchange Kraken has come under the radar of the US Treasury’s Office of Foreign Assets Control (OFAC) for allegedly violating sanctions. The Treasury is investigating whether Kraken allowed users in sanctions-hit countries to buy and sell cryptocurrencies.
-
NFT Platform OpenSea Starts Blocking Users, Says It’s Following US Sanctions List of Banned Countries
OpenSea NFT marketplace has restricted some users from accessing their accounts. OpenSea has claimed that it is adhering to US’ sanctions law in having to bar access from some locations. US’ sanctions list prohibits American companies from providing goods and services in some countries including Iran, North Korea, Syria, and now Russia. The pub...
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Iran Imposes 3-Month Ban on Authorised Bitcoin Mining Facilities Due to Excessive Power Usage
The authorities of Iran are addressing the concerns around power outages plaguing several parts of the country. The process of Bitcoin mining is being banned in Iran till March 6, so that the electricity that goes into facilitating the process is distributed among citizens of the country.
