Fresh U.S. and Israeli strikes on Iran have drawn new attention to a financial network Tehran has built in parallel to its battered banking system: bitcoin mining and a fast-growing stablecoin economy. Iran legalized crypto mining in 2019, allowing licensed operators to use subsidized electricity in exchange for selling mined BTC to the central bank….
It took Polymarket less than 24 hours to turn a Middle Eastern war into an active trading floor. Since the U.S. and Israel launched strikes on Iran Saturday, the prediction market has seen a flood of new contracts covering everything from ceasefire timelines to whether the Iranian regime will collapse by June. The speed and…
Bitcoin jumped to $68,000 early Sunday, recovering nearly all of Saturday’s war-driven losses within hours of Iranian state TV confirming that Supreme Leader Ayatollah Ali Khamenei was killed in U.S. and Israeli airstrikes. Khamenei held ultimate authority over Iran’s military, foreign policy, and nuclear program. Under Iran’s constitution, a temporary council of the president, head…
Crypto markets have lacked conviction, as traders struggle to identify a catalyst strong enough to lift prices out of their current lull. Bitcoin has remained range-bound around mid-$60,000, while ether is trading around $2,000, and volumes across major exchanges have thinned. The digital assets market is thirsty for a solid catalyst, and JPMorgan says it…
Bitcoin’s future in an artificial intelligence-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market. The key variables…
As tensions flare once again between Iran, Israel, and the U.S., social media, especially on crypto social media X (or Crypto Twitter), fears that Tehran could shut down the Strait of Hormuz, a vital oil chokepoint. Such a move, many worry, could send oil prices and global inflation soaring and roil financial markets, including bitcoin….
Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes on Iran. At the same time, perpetual futures funding rates dropped to -6%, according to CoinGlass, marking the second lowest level in the past three months. The last time funding was this…
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services….
Bitcoin neared $63,000 in Saturday trading after the U.S. and Israel launched military strikes on Iran, pushing the largest cryptocurrency down roughly 3% in a matter of hours and extending what had already been a difficult weekend for risk assets.The move brings bitcoin to its lowest level since the Feb. 5 crash, when the token…
Ethereum co-founder Vitalik Buterin has published a new blog post on X outlining his latest vision for scaling the blockchain, arguing the network can boost capacity in the near term while laying the groundwork for a longer-term shift to advanced cryptography and data-heavy “blobs” that would change how Ethereum is validated. The post reflects Buterin’s…
