News with the tag "Iran"

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is blacklisting a handful of crypto addresses linked to a man known for allegedly running Nemesis, a now-defunct darknet marketplace. In a new press release, the OFAC says that it is sanctioning Iranian national Behrouz Parasad a...

The U.S. Treasury sanctioned an Iranian national for operating Nemesis, a darknet drug marketplace, and blacklisted almost 50 crypto addresses tied to it. The U.S. Treasury has taken action against Behrouz Parsarad, an Iranian national behind Nemesis, a darknet marketplace involved in fentanyl and o...

The United States has sanctioned Behrouz Parsarad, the founder and administrator of the darknet site Nemesis. Forty-nine crypto wallets belonging to Parsarad were sanctioned as well. Nemesis itself was shut down last year. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announ...

Mirana Ventures, a global investment fund with ties to the Bybit exchange, continued to buy Ethereum (ETH) during the latest market dip. Mirana acquired ETH through OTC deals and made a deposit to Bybit. Mirana Ventures, a global investment fund with ties to the founders of Bybit, continued to acqui...

In the fast-paced world of cryptocurrency, large transactions often send ripples through the market, sparking curiosity and speculation. Recently, a significant Ethereum transfer involving prominent players Galaxy Digital and Mirana Ventures has caught the attention of crypto enthusiasts and analyst...

Hold onto your hats, crypto enthusiasts! The world of digital assets is buzzing with news of a major development at Bybit, a leading cryptocurrency exchange. Just after weathering a staggering $1.5 billion hack, Bybit has received a lifeline in the form of a colossal $600 million Ethereum Deposit fr...

A Chainalysis report reveals that cryptocurrency has become a critical tool for capital flight in Iran as geopolitical tensions and economic instability drive individuals and businesses to bypass stringent financial sanctions. Report Shows Economic Turmoil and Sanctions Push Iranians Toward Cryptocu...

Crypto adoption in Iran surged in 2024 as citizens sought to escape economic turmoil and government-imposed financial restrictions. According to Chainalysis , Iranian crypto outflows reached $4.18 billion — up 70% year-over-year — as trust in the financial system eroded and sanctions pressure mounte...

Countries targeted by U.S. government sanctions have surged in illicit crypto activity, receiving nearly $16 billion in digital assets last year — about 39% of illicit token transactions — according to a report from Chainalysis released on Wednesday. 2024 was a year in which those nations — especial...

Sanctioned regions and entities collectively received $15.8 billion in cryptocurrency during 2024, representing around 39% of illicit crypto transactions. While OFAC issued 13 crypto-related designations – fewer than in 2023 – it was still the second-highest number recorded in the past seven years. ...