U.S. Sen. Elizabeth Warren is calling lawmakers to formulate ways to curb Iran’s bitcoin mining, as the Islamic regime uses the profits to flout sanctions against it.
The doubling comes as Uniswap surpassed a historic $2 trillion in cumulative trading volume in early April.
Bitcoin and ether have both rallied back above the $59,000 and $3,000 marks, respectively, according to The Block’s Prices Page.
Crypto markets have seen significant profit taking in recent weeks with retail investors playing a bigger role than institutions, the report said.
Once they reach a certain level of sophistication, there’s a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.
U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions.
MicroStrategy has already built one application using its service. “Orange For Outlook” integrates digital signatures into emails to enable recipients to verify the identity of the sender.
Pantera Capital, a crypto venture capital firm with over $5 billion worth of assets under management, has invested in The Open Network (TON).
Private credit has been at the forefront of crypto’s asset tokenization trend with over $600 million outstanding on-chain assets.
Average daily transaction fees on Bitcoin surged to a record $25.8 million on April 24 before falling back to $4.1 million on Wednesday.
