US sanctions say Iran’s oil for crypto web pushed $100M through 2023 to 2025

Israeli authorities have raised alarms over a significant flow of $1.5 billion in Tether linked to Iran's Islamic Revolutionary Guard Corps. This discovery by the National Bureau for Counter Terror Financing highlights ongoing concerns about the use of cryptocurrency in funding terrorism. The identification of 187 crypto wallets associated with these transactions underscores the challenges regulators face in monitoring and controlling illicit financial activities in the crypto space.

Israel has raised concerns about 187 cryptocurrency addresses it claims are linked to Iran's Revolutionary Guard Corps (IRGC), suggesting that these wallets have received around $1.5 billion in USDT. While this figure is significant, experts from Elliptic caution that not all the funds may be directly associated with the IRGC. This situation highlights the growing intersection of geopolitics and cryptocurrency, as nations grapple with the implications of digital currencies in funding and sanctions evasion.

Israel has successfully blocked Iranian-linked wallets that were holding millions in USDT, a significant move in the fight against terrorism financing.

Editor’s Note: This action is crucial as it demonstrates Israel's commitment to combating the use of cryptocurrencies for funding terrorism. By targeting these wallets, Israel aims to disrupt financial networks that support hostile activities.

Israel has seized 187 cryptocurrency wallets allegedly linked to Iran's Islamic Revolutionary Guard Corps, claiming they received $1.5 billion in funds.

Editor’s Note: This action highlights ongoing tensions between Israel and Iran, particularly regarding financial activities that may support military operations. The seizure reflects Israel's efforts to counter perceived threats from Iran.

REX Shares has generated excitement in the crypto world by announcing the anticipated approval of its Dogecoin and XRP exchange-traded funds (ETFs) by the US SEC. Set to launch on September 18, these ETFs, named REX-Osprey XRP ETF and REX-Osprey DOGE ETF, are expected to attract significant investor interest, potentially boosting the market for these cryptocurrencies. This development is crucial as it could pave the way for more institutional investment in the crypto space, signaling a growing acceptance of digital assets in mainstream finance.

Nakamoto, led by David Bailey, is moving forward with plans to acquire BTC Inc in an all-stock deal after successfully completing the company's audit. This acquisition is significant as it highlights Nakamoto's growth strategy and confidence in BTC Inc's potential, which could lead to exciting developments in the cryptocurrency sector.

P2P.org has officially become a validator on the $4 trillion Canton Network, marking a significant milestone in the evolution of institutional blockchain infrastructure. This development highlights the growing acceptance and integration of blockchain technology in mainstream finance, which could lead to more secure and efficient transactions in the future.

Bitcoin's volatility is expected to increase following today's Federal Open Market Committee (FOMC) meeting, but analysts suggest that this won't lead to a significant directional shift in the market. Instead, it indicates that Bitcoin may continue to trade within its current range for the next few days. This is important for investors as it suggests a period of stability amidst the usual fluctuations in the cryptocurrency market.

Tokyo's Metaplanet has launched a new subsidiary in Miami aimed at enhancing Bitcoin income opportunities. This move is significant as it reflects the growing interest in cryptocurrency and the expansion of blockchain technology into new markets. By establishing a presence in Miami, Metaplanet is positioning itself to tap into the vibrant tech scene and attract investors, which could lead to increased innovation and economic growth in the region.

Uphold, a digital financial service platform, has revealed that it holds a staggering 1.59 billion XRP, which is entirely owned by its customers. This announcement from CEO Simon McLoughlin has surprised the crypto community, as it clarifies misconceptions about the ownership of these tokens. This transparency is significant as it reinforces trust in Uphold and highlights the importance of customer ownership in the cryptocurrency space.