Iran-Linked Bitcoin Activity Plunged 80% Before Rebounding During Internet Blackout
Key Highlights: Data from network monitor Cloudflare and blockchain forensics firm Chainalysis reveals that Iranian Bitcoin transaction activity rebounded to over 75% of baseline levels during a prolonged 87-day national internet shutdown that began February 28. While Cloudflare recorded overall internet traffic dropping to under 1% of normal volume, cryptocurrency transfers surged to nearly double ...