Tag: Elliptic
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Iran’s Central Bank and a Farage-Backed Cryptocurrency: What the Report Really Suggests
Overview: A Far-Reached Claim in Crypto and Banking A new report from Elliptic, a trusted crypto-analytics firm, alleges that Iran’s central bank has used large quantities of a cryptocurrency championed by political figure Nigel Farage. The revelation, if corroborated, highlights how sanctioned economies may explore crypto in ways that complicate traditional financial policing. According to…
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Iran’s Central Bank Turns to Crypto Amid Farage-Backed Asset, Report Claims
Overview: A Bold Move in a Complex Financial Landscape In a development that highlights the murky intersection of state finance and crypto, a new report alleges that Iran’s central bank has been using large quantities of a cryptocurrency that gained notoriety after being championed by UK politician Nigel Farage. The claims come from Elliptic, a…
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Iran’s Central Bank Accused of Using Large-Scale Crypto Tied to Farage, Report Claims
Overview of the Allegation A recent report by Elliptic, a crypto analytics firm, alleges that Iran’s central banking system has been moving and storing substantial quantities of cryptocurrency issued by a coin identified as “Teth.” The report, which cites on-chain analysis and tracing techniques, claims that a minimum of $507 million worth of this token…