Iran's leading cryptocurrency exchange Nobitex has processed millions of dollars worth of trades on the Tron and BNB Chain networks since the start of the Iran war. Nobitex, which handles about 70% of Iran's crypto activity, reportedly moved over $2 billion on Tron and $317 million on BNB Chain since January 2023. This activity has drawn scrutiny from U.S. regulators due to connections with sanctioned Iranian entities. Tron stated it cannot monitor every transaction but has initiatives to freeze funds linked to illicit activities. The situation highlights concerns over digital assets being used to bypass U.S.-led financial sanctions.
Cryptocurrency markets saw a general decline with Bitcoin priced at $77,381, down 1.29%. Other major coins like Ethereum, Binance Coin, and XRP also dropped between 1.8% and 2.2%. Dogecoin experienced a significant fall of nearly 6%, and Bitcoin Cash...
Bitcoin has seen increased inflows to major exchanges like Binance and Coinbase, coinciding with a dramatic surge in U.S. trading volume. Over the past 24 hours, exchanges recorded a net inflow of 684 BTC, with Binance leading daily inflows and Coinb...
Binance Coin (BNB) is showing bearish signals after repeatedly failing to break the $680 resistance level, trading near $650 with a 1.25% decline and sharply reduced volume. Technical patterns and a high Average Directional Index suggest strong selli...
Traders transferred $1.5 billion in stablecoins to Binance as a defensive move against Bitcoin's sharp price swings, using stablecoins to stay in the crypto market without exposure to Bitcoin's volatility. This large inflow highlights Binance's stron...
Stablecoin deposits on Binance surged to nearly 85,000 daily transfers, reflecting increased liquidity as traders prepare for potential Bitcoin spot purchases or volatility-driven trades. Despite Bitcoin fluctuating between $78,000 and $82,000, stabl...
