Iran Ditches Rial in Hyperinflation Crisis — Bitcoin Demand Rises
Iran is set to redenominate its fiat currency, removing four zeros to create a new fiat called toman as demand for crypto is surging. Go to Source Powered by WPeMatico
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3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions … Read more
Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K
Iran’s parliament votes to institute a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges. Go to Source Powered by WPeMatico
DPRK Insider: Kim Jong-Un in Good Health, Crypto Will Help Fight Imperialism
A special delegate of the North Korean government has told Cointelegraph that Kim Jong-un is in good health and that Bitcoin will help the regime fight imperialism Go to Source Powered by WPeMatico
US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran
The U.S. Treasury is working to enforce sanctions in crypto but economic war risks isolating the country Go to Source Powered by WPeMatico
North Korea may Have to Forfeit 113 Cryptocurrency Accounts
The involvement of North Korea in cryptocurrency has always been subject to speculation. A new report seems to indicate that the US wants to gain control of all digital assets tied to this country. Various countries around the world are subject to sanctions. The Role of North Korea in Bitcoin These sanctions are imposed for … Read more
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC … Read more
US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack, in connection with Lazarus Group Go to Source Powered by WPeMatico
Iranian General Prefers Using Bitcoin to Bypass US Sanctions
Using cryptocurrencies is often associated with dubious and illegal activities. In Iran, one general advocates for using Bitcoin, as it helps evade government sanctions. It is uncanny how the public perception of cryptocurrencies continues to shift. Bypassing Sanctions With Bitcoin Advocating the use of Bitcoin and altcoins to evade government sanctions may be a bridge … Read more
North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies
According to a new report, North Korean internet usage is up as state actors use it as a means for raising revenues and skirting sanctions Go to Source Powered by WPeMatico
