Iran's new fees in the Strait of Hormuz could escalate oil prices, alter global trade dynamics, and deepen geopolitical divides.
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The post Iran-Israel Strikes Push Bitcoin Down 1% to $62,657 appeared on BitcoinEthereumNews.com.
IRAN-ISRAEL News Bitcoin (BTC) slipped to $62,657 in Asian trading hours on Tuesday, down nearly 1% since midnight UTC, after the United States and Iran exchanged fresh aerial strikes and drove the dollar higher. The renewed Iran-Israel-linked conflict, which has repeatedly rattled risk markets this year, sent traders reaching for safety again. Major altcoins followed the leader lower: Ether (ETH), XRP (XRP) and Solana (SOL) each fell between 1% and 2.3% over the same window. Our reading of the tape shows the selling was orderly rather than a panic flush, but the geopolitical bid for the dollar kept a firm lid on every major token through the session. The commodity side amplified the pressure. WTI crude futures jumped more than 2% to $72.27 a barrel as the strikes reignited fears over supply through one of the world’s most sensitive energy corridors. The Dollar Index held steady above 101.
Increased diplomatic pressure on Iran may strain peace negotiations, potentially destabilizing regional security and impacting global markets.
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Swyftx's licensing positions it as a key player in Australia's evolving crypto market, potentially driving industry consolidation and innovation.
The post Swyftx secures Australian license to expand into crypto payments appeared first on Crypto Briefing.
The US-Iran tensions highlight crypto's dual role as a financial workaround and regulatory challenge, impacting global markets and policy debates.
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The post Swyftx Eyes Crypto Payments After Securing License appeared on BitcoinEthereumNews.com.
Australian crypto exchange Swyftx says it will be seeking opportunities in the crypto payments space after securing a license from Australia’s market regulator. Swyftx said on Wednesday that it received its Australian Financial Services License (AFSL), joining the likes of Coinbase, BTC Markets and Crypto.com. The license allows it to offer derivative products, such as crypto options or futures, to retail customers, as well as non-cash payment facility authorization, setting up the fintech to offer payment services to business and retail clients. It does not hold an AFSL to offer spot crypto. “Swyftx won’t be a pure crypto spot exchange in future,” Swyftx interim co-CEO Andrea Yuen told Cointelegraph. “In particular, we see a lot of opportunity in the payments space following local changes to credit card surcharging.” From Oct. 1, Australian businesses will be banned from adding surcharge
The military strike exacerbates U.S.-Iran tensions, diminishing prospects for diplomatic solutions and impacting global geopolitical stability.
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The post Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) attracts some buyers to near $60.35, snapping the two-day losing streak during the early European session on Wednesday. The white metal edges higher amid a softer US Dollar (USD) ahead of the release of the June FOMC meeting Minutes. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The latest developments could raise energy-driven inflationary fears and reaffirm the US Federal Reserve’s (Fed) “higher for longer” policy stance, which would weigh on the white metal. T
The incident highlights the geopolitical risks impacting global oil supply and underscores the potential regulatory scrutiny on crypto transactions.
The post Four oil tankers turn back from Strait of Hormuz after attacks, and Iran is reportedly demanding Bitcoin for transit appeared first on Crypto Briefing.
