Cointime

Cointime

Download App
iOS & Android
Home / Point

Amidst ongoing protests and a plummeting rial in Iran, people are withdrawing Bitcoin from exchanges to their wallets.

as the Iranian government strengthens control over recent street protests, local people have begun to directly manage Bitcoin themselves, highlighting the decentralized and censorship-resistant nature of cryptocurrency.

Since December 28, street demonstrations have erupted in multiple cities in Iran, targeting the Islamic Republic government and the deepening economic crisis characterized by high inflation and currency collapse. From the start of the protests until the internet blackout implemented by Iran on January 8, blockchain intelligence firm Chainalysis observed a significant increase in on-chain transactions withdrawing Bitcoin from Iranian exchanges to unknown personal wallets.

Chainalysis stated in a report released on Thursday: "Most notably, there has been a surge in withdrawals of Bitcoin from Iranian exchanges to unattributed personal wallets. This surge indicates that during the protests, Iranians acquired and took control of Bitcoin at a much faster pace than before."

Comments

All Comments

Recommended for you

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2523.62, with a 24-hour increase of 9.1%. The market is highly volatile, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2523.62, with a 24-hour increase of 9.1%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,085.98, with a 24-hour increase of 7.38%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,085.98, with a 24-hour increase of 7.38%. The market is highly volatile, so please ensure proper risk management.

  • HYPE Surpasses $77, Setting New Historical High

    Market data shows that HYPE has surpassed $77, currently priced at $77.05, with a 24-hour increase of 7.44%, continuing to set new historical highs.

  • HYPE Surpasses $77, Setting New Historical High

    Market data shows that HYPE has surpassed $77, currently trading at $77.05, with a 24-hour increase of 7.44%, continuing to set a new historical high.

  • U.S. Stock Indices Open Higher; Cryptocurrency Stocks Rise

    On August 21, U.S. stock indices opened higher, with the Dow Jones Industrial Average up 0.55%, the S&P 500 up 0.48%, and the Nasdaq Composite up 0.51%. Cryptocurrency-related stocks also saw gains, with Strategy rising over 6% and both Coinbase and Circle increasing by more than 4%. SK Hynix rose over 2% after announcing a stock buyback plan worth 400 trillion won. Beike surged over 5%, reporting a 25% year-on-year increase in second-quarter transactions for second-hand homes on its platform.

  • U.S. Stock Indices Open Higher; Cryptocurrency Stocks Rise

    On August 21, U.S. stock indices opened higher across the board, with the Dow Jones Industrial Average up 0.55%, the S&P 500 up 0.48%, and the Nasdaq Composite up 0.51%. Cryptocurrency-related stocks saw gains, with Strategy rising over 6% and Coinbase and Circle both up more than 4%. SK Hynix increased by over 2% after announcing a 400 trillion won stock buyback plan. Beike surged more than 5%, with the platform's second-hand housing transaction volume in Q2 increasing by 25% year-on-year.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,972.28, with a 24-hour increase of 7.01%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,972.28, with a 24-hour increase of 7.01%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company