Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis

April 19, 2024 Coin Telegraph

Bitcoin briefly dips under K amid reports of worsening Middle East crisis

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The price of Bitcoin briefly went under $60,000 for the second time this week after reports of explosions at an airport in central Iran.

The price of Bitcoin (BTC) briefly dropped below its critical $60,000 support level again on Friday, falling 5.44% in just two hours amid escalating geopolitical tension in the Middle East.

On April 19, Bitcoin's price briefly slumped down to $59,698 before quickly recovering to $61,352. It's a crucial breakdown to note, given that if its price falls down to $59,000 then approximately $243 million in long positions will be liquidated, as per CoinGlass data.

Over the last 4-hours, $34.03 million in Bitcoin long positions have been liquidated, data shows.

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IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions

May 14, 2023 Bitcoin.com

bitcoin.com

The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal […]

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Binance Reportedly Investigated in US for Russia Sanctions Violations

May 7, 2023 Bitcoin.com

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Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department […]

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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

April 18, 2023 Bitcoin.com

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There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default […]

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Police in Kosovo Seize Crypto Mining Rigs From Serbs

April 16, 2023 Bitcoin.com

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Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in […]

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Ukraine Dismantles $40 Million Russian Crypto Pyramid

April 6, 2023 Bitcoin.com

Ukraine Dismantles Million Russian Crypto Pyramid

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Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With Russian Roots Busted in Ukraine Officers from the Security Service of Ukraine […]

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Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows

March 30, 2023 Bitcoin.com

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Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto […]

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North Macedonia Says Bomb Threats Come From Russia, Crypto Used to Hide Origin

March 8, 2023 Bitcoin.com

bitcoin.com

The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cryptocurrency to conceal traces. Over 700 Facilities Targeted With Bomb Threats in North […]

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Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report

March 2, 2023 Bitcoin.com

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Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report. Ukraine Receives Millions of Dollars in Various Coins From […]

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Russian Darknet Markets, Ransomware Groups Thrive Despite Sanctions, Report

February 27, 2023 Bitcoin.com

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Russian marketplaces on the dark web have continued to operate despite Western sanctions and efforts to shut them down, according to a report accessing the illicit blockchain space amid the world’s “first crypto war.” Ransomware actors and high-risk crypto exchanges have also remained active. Underground Russian Crypto Platforms Adapting to Disruptions Caused by Ukraine War […]

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