Category Bitcoin (BTC)

US Sanctions Iranian BitBank Over Alleged Bitcoin Transfers to IRGC

US Sanctions Iranian BitBank Over Alleged Bitcoin Transfers to IRGC

The US has sanctioned Iranian crypto exchange BitBank over alleged Bitcoin transfers tied to Iran’s IRGC and a maritime insurance scheme. Treasury also designated BitBank’s developer and three associates of financier Babak Zanjani. Meanwhile, Bitcoin rebounded to $76,900 after briefly falling near $75,000.

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Bitcoin Sentiment Cools as CLARITY and Fed Decisions Hit

Bitcoin Sentiment Cools as CLARITY and Fed Decisions Hit

Bitcoin sentiment has shifted sharply from the extreme optimism seen earlier this week after two major U.S. developments disappointed traders. Santiment’s latest social-media data shows Bitcoin commentary moving back toward neutral after the Senate blocked the CLARITY Act from advancing and the Federal Reserve raised interest rates by 25 basis points.

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Celsius Sues BitMEX for $495 Million Over 6,360 BTC Before Exchange Shutdown

Celsius

Celsius has sued BitMEX over alleged wrongful liquidations tied to the March 2020 Bitcoin crash. The bankruptcy estate is seeking recovery tied to 6,360 BTC, with the claim valued at roughly $495 million, while allegations surrounding BitMEX’s liquidation system remain subject to court proceedings.

Read MoreCelsius Sues BitMEX for $495 Million Over 6,360 BTC Before Exchange Shutdown