Tag: Crypto

War in Iran: Crypto Volume Plunges 80%

A new report by blockchain intelligence firm TRM Labs reveals that recent US and Israeli military strikes have crippled Iran’s crypto transaction volumes, causing a dramatic drop of around 80%. Despite this precipitous decline in trading activity analysts believe crypto infrastructure in Iran remains structurally sound. In a blog post released Monday, the analytics firm described the ecosystem as shifting into a “risk containment mode” rather than suffering a systemic collapse. The strong contraction appears driven primarily by internet restrictions and deliberate protective measures taken by local exchanges, rather than…

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US Judge Swats Down Amended Class-Action Lawsuit Against Decentralized Crypto Exchange Uniswap

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A federal judge has dismissed with prejudice an amended class-action lawsuit against Decentralized Crypto Exchange Uniswap, marking another legal win for the protocol and its developers. Uniswap’s head of policy and associate general counsel Brian Nistler says Judge Katherine Polk Failla threw out the Risley class action against Uniswap Labs and founder Hayden Adams after previously dismissing related federal claims. The ruling addresses plaintiffs’ theory of liability. “Plaintiffs’ theories of liability are still predicated on Defendants having ‘facilitated’ the scam trades ‘by providing a marketplace and facilities for bringing together buyers…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, we will share and understand why bitcoin and cryptocurrency market may crash and reason of bitcoin crash to $50k and what historical data and charts saying and the data coming about global uncertainty is also not looking good. We will share some more interesting charts and data showing bitcoin may find bottom soon if crash is not over yet and why it is under pressure and what should we do ? We will also share in latest news and…

Bitcoin Leads Crypto Funds $1B Rebound To End Negative Streak

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Crypto Exchange-Traded Products (ETPs), led by Bitcoin (BTC) funds, have broken their one-month negative streak after recording significant inflows over the last week, signaling renewed demand for the digital asset-based investment products amid broader market weakness and geopolitical tensions. Related Reading Crypto Funds Break Out Of Multi-Week Bleeding In its latest Digital Asset Fund Flows Weekly Report, CoinShares revealed that crypto investment products recorded around $1 billion in inflows during the last week, breaking out of the multi-billion-dollar outflow streak that began mid-January with no notable outflows. Crypto-based funds saw…

Iran Crypto Outflows Rose 700% After US-Israel Attack

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Iran’s top crypto exchange saw a significant spike in crypto withdrawals within minutes of the US and Israel launching strikes in Tehran on Saturday. However, a widespread internet outage curbed additional outflows. In a post on Monday, Elliptic said crypto outflows from the Nobitex exchange surged by more than 700% to over $500,000 within minutes of the first airstrikes, with a chart showing that outflows reached nearly $3 million in a single hour later that day.  Crypto outflows on Nobitex from late February to March 1. Source: Elliptic Elliptic said…

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Outgoing Transaction Volume on Top Iranian Crypto Exchange Skyrockets by 700% Following US/Israel Airstrikes: Elliptic

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Crypto outflows from Iran’s largest digital asset exchange spiked immediately following the US and Israel’s airstrikes on Saturday. The blockchain analytics platform Elliptic says outgoing transaction volumes on the top Iranian exchange Nobitex jumped by 700% following the strikes. Dr. Tom Robinson, Elliptic’s co-founder and chief scientist, says the surge potentially represents capital flight from Iran. “Nobitex allows rials to be converted to cryptoassets, which can then be withdrawn to any external wallet. This allows funds to be moved out of Iran while avoiding some of the scrutiny of the global…