Features Crypto News by Thebittimes.Com

Bitcoin slumped and oil prices surged as Israel vowed to make Iran pay for a missile attack, dampening Uptober optimism amid escalating hostilities in the Middle East. BTC tumbled more than 3% in the past 24 hours to trade at $61,672.54 as of 2:40 a.m. EST as the overall crypto market plunged 4.2% to a market capitalization of $2.17 trillion, according to CoinMarketCap.  Israeli Prime Minister Says Iran “Will Pay” For Missile Attack Iran fired about 200 ballistic missiles at Israel yesterday at around 7:30 p.m. local time, just hours after the US warned of an impending attack. Many of the missiles were intercepted, according to Israel’s Defense Forces.  “Iran made a big mistake tonight, and it will pay for it,” said Prime Minister Benjamin Netanyahu during a meeting with his security cabinet. In the following hours, the Israeli Defense Forces launched a counter strike against Hezbollah targets in Lebanon. The price of oil surged over 5% a...

In an Oct. 16 post from Tether, the stablecoin issuer confirms it has frozen 32 addresses linked to illicit activity in Israel and Ukraine. These addresses are said to hold $873,118 worth of the Tether stablecoin. Crypto transactions are transparent The report also shares that the company is working with the National Bureau for Counter Terror Financing in Israel to continue countering crypto-funded terrorism and warfare. Newly appointed Tether CEO Paolo Ardoino emphasized the transparency of cryptocurrency transactions on blockchain platforms, enabling Tether to play an integral role in preventing the use of USDT for terrorist funding. You might also like: Stablecoin issuer Tether appoints Paolo Ardoino as new CEO Ardoino stated, “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets.” The narrative that cryptocurrencies enable criminal activity has been a common one among skeptics; ...