Cointelegraph

US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin paymentsWorldPing

US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.

This is a short WorldPing brief. The full report was published by Cointelegraph.

Read the full report at Cointelegraph

More coverage: all crypto & markets news on WorldPing.

Related news

Bitcoin Faces $80,000 Ceiling as Fed and CLARITY Risks MountWorldPing
Bitcoin.com

Bitcoin Faces $80,000 Ceiling as Fed and CLARITY Risks Mount

Bitcoin may struggle to break decisively above $80,000 as tighter U.S. monetary policy and the CLARITY Act setback weigh on near-term conditions. Coinshares sees both headwinds delaying a stronger crypto recovery.

Brief by WorldPing · Original reporting by Bitcoin.com

Grayscale Says Bitcoin Traders Shouldn’t Fear This Fed CycleWorldPing
Bitcoin.com

Grayscale Says Bitcoin Traders Shouldn’t Fear This Fed Cycle

Bitcoin traders may have less to fear from the Federal Reserve’s latest tightening than during the last bear market, according to Grayscale. The crypto asset manager sees the current rate cycle as a limited adjustment rather than a prolonged policy shift.

Brief by WorldPing · Original reporting by Bitcoin.com

Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: GrayscaleWorldPing
Bitcoin Magazine

Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale

Bitcoin Magazine Bitcoin Price Unlikely To Be Bothered by Interest Rate Hike: Grayscale The Federal Reserve hiked interest rates on Wednesday — and may do so again this year — but bitcoin's price is unlikely to be hurt, Grayscale argued.

Brief by WorldPing · Original reporting by Bitcoin Magazine