The United States has sanctioned Iranian exchanges, frozen nearly $1 billion in cryptocurrency, and traced $3.84 billion in Iran-linked flows through a single offshore exchange, exposing the scale of sanctions evasion through digital assets. Summary The US Treasury has sanctioned four Iranian cryptocurrency exchanges, including Nobitex, which handles approximately 50% of Iran’s crypto trading volume,…
Trump said the Strait of Hormuz might be reopened soon. Bitcoin’s price is on the move today, prompted by the latest developments on the US-Iran war front, but this time in the opposite direction. After it slipped to another multi-week low yesterday evening, the cryptocurrency has rebounded by approximately $1,500 and now sits at…
Bitcoin price hovered near $63,000 on Aug. 1 as US ETF outflows, weakening momentum and regulatory uncertainty kept buyers on the sidelines. Summary Bitcoin price is testing the $63,150 Fibonacci support after retreating from July’s $66,900 high. US spot Bitcoin ETFs recorded $265 million in net outflows on July 31. 4-hour money flow fell to…
Proof of work is a consensus mechanism that forces computers to spend measurable energy solving a mathematical puzzle before they can add a new block of transactions to a blockchain. It is the reason bitcoin has value as a settlement network and the reason that network consumes more electricity than some countries. Summary Proof of…
A zero-knowledge proof lets one party prove to another that a statement is true without revealing any information beyond the truth of the statement itself. It is the cryptographic technique behind blockchain privacy, scalable rollups, and a growing number of identity verification systems. Summary Zero-knowledge proofs allow a prover to convince a verifier that a…
A testnet is a separate blockchain network that mirrors a production chain’s rules and functionality but uses tokens with no monetary value. It is where developers break things, test upgrades, and discover bugs before those bugs can cost anyone real money. Summary A testnet is a blockchain network that runs the same software as a…
XRP has dropped below $1.05 for the second time in the past several days. Perhaps due to the quickly re-escalating tension in the Middle East, the cryptocurrency market has posted fresh losses over the past few hours, with BTC dropping to $62,000 after failing to reclaim the $63,000 support during the day. XRP was…
A mainnet is the production version of a blockchain network where transactions carry real economic value and are permanently recorded. When a cryptocurrency project launches its mainnet, it moves from concept to reality, and every line of code becomes a financial commitment. Summary A mainnet is a fully operational blockchain network where tokens have real…
Strategy’s CEO warned on Friday that the company might sell up to $5 billion in BTC. It was precisely six years ago when a rather unknown company in the cryptocurrency industry at the time made a revolutionary change to its asset reserve strategy and adopted Bitcoin. The entity in question, called MicroStrategy back then,…
Cathie Wood’s ARK Invest bought 109,129 Circle shares after the stablecoin issuer secured a limited-purpose trust charter in New York. Summary ARK acquired about $6.83 million in Circle shares across three exchange-traded funds. Circle received a limited-purpose trust charter from the New York Department of Financial Services. CRCL closed 2.54% lower at $62.61 on July…
