Cryptocurrency News Today TheBitTimes.com

Iran imposed a trading curfew on crypto exchanges after a pro-Israel hacking group stole over $90 million in digital assets from Nobitex, then burned the loot and revealed the exchange’s source code. The curfew, imposed by Iran’s central bank, limits crypto trading to between 10 a.m. and 8 p.m. local time, blockchain analytics firm Chainalysis said in a June 18 blog post. The move appeared to be a response to fears of further cyberattacks amid the war between Israel and Iran, said Chainalysis head of national security Andrew Fierman. “Incidents are easier to triage if they’re not happening in the middle of the night,” he said.  Pro-Israel Hacker Group Takes Credit For Nobitex Hack, Burns All Of The Stolen Crypto Hacking group Gonjeshke Darande, or Predatory Sparrow, took credit for the hack on X, and said the exchange was targeted because it is often used as a “sanctions violation tool.”  Several cybersecurity firms noted that ...

The U.S. pressed economic sanctions against BRICS member Russia in February 2022 for invading and waging war against its neighboring country, Ukraine. Similarly, the U.S. had pressed sanctions against the new BRICS member Iran for its role in supporting terrorism around the world. The sanctions brought down Russia and Iran’s economies leading them to rely on other developing countries and use local currencies for trade. Also Read: 10 U.S. Sectors To Be Affected If BRICS Stops Using the Dollar U.S. Treasury Secretary Janet Yellen confirmed that the sanctions are what led BRICS to challenge the dollar. The White House’s move might have backfired as developing countries are forging partnerships in fear of U.S. sanctions. The development is leading to ideas of alienating the U.S. dollar and promoting local currencies for cross-border transactions. BRICS Takes on the US Dollar Despite Sanctions Source: Alan Santos / PR / Wikipedia Commons BRICS nations are already ...