• iran mine bitcoin avoid sanctions
    Bitcoin,  Cryptocurrencies,  Politics,  Regulation

    Iranian think tank says mine Bitcoin to avoid sanctions, add jobs

    Despite a recent crackdown on mining farms blamed for blackouts, the report said a national push would make it cheaper to bypass sanctions

    In a recent study, the well-connected Iranian Presidential Center for Strategic Studies suggested that developing a regulated crypto mining industry could help the country circumvent sanctions without spending precious foreign currency reserves, as local buyers could obtain Bitcoin for rials instead of dollars.

  • Chainalysis crypto crime briefs

    Chainalysis crypto crime briefs highlight three sketchy firms

    The blockchain intelligence firm reports on a dark web hosting site, a potential Ponzi scheme, and a sanction-busting cryptocurrency exchange linked to a ransomware gang

    Blockchain intelligence firm Chainalysis' crypto crime briefs are designed to cast a spotlight on dubious organizations that could be of interest to law enforcement agencies, regulators, and cybersecurity experts.

  • iran mine bitcoin avoid sanctions
    Bitcoin,  United States

    US sanctions Iranian Bitcoin addresses

    An account that could have held $120 million now has just $3.27

    The U.S. Department of the Treasury took the historic step of adding two Bitcoin addresses to its list of sanctioned parties against two Iran-based individuals—Ali Khorashadizadeh and Mohammad Ghorbaniyan. Their bitcoin addresses, associated with the SamSam ransomware scheme, were key as they targeted over 200 known victims in the U.S., Canada, and the U.K. But what’s striking is how much money they managed to make. Through the magic of the blockchain, we can see every single transaction they’ve ever done in the two seized wallets. Some quick forensics don’t show any major withdrawals, like the kind you would see if the Feds emptied a bank account into an evidence bag.…