Iran nationwide blackout sparks attention as cryptocurrency trading remains possible

BTC-0,56%

Odaily Planet Daily reports that due to the spread of protests within Iran and the Rial exchange rate falling to a historic low, the Iranian government implemented a nationwide internet shutdown today, disrupting transactions for approximately 7 million cryptocurrency users.

TRM Labs data shows that from January to July 2025, the total cryptocurrency liquidity within Iran was about $3.7 billion. In the current offline environment, Hunter Horsley, CEO of Bitwise, suggests using Bitcoin as a store of wealth. Currently feasible offline trading solutions include: Starlink satellite internet, which has been activated domestically and can provide high-speed connectivity; and the Blockstream satellite network, which supports broadcasting Bitcoin data globally.

Additionally, Bitchat, a decentralized communication service based on Bluetooth mesh networks, has been downloaded over 1.4 million times since its release, supporting the transfer of transaction data between phones. The Darkwire project, developed by Cyb3r17, uses long-distance radio technology to create mesh networks capable of transmitting Bitcoin transactions without internet access. South African developer Kgothatso Ngako’s Machankura supports users in sending and receiving Bitcoin via telecommunications networks rather than the internet. The above offline solutions still ultimately require connected devices to upload transactions to the blockchain for confirmation.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Babylon:WBTC与cbBTC TVL突破140亿美元,原生BTC链上借贷成趋势

Babylon 公布,市场对 Wrapped BTC 和 cbBTC 的需求已得到验证,当前总价值超 140 亿美元。Aave 平台的借贷需求增长显著,BTC 持有者对链上金融服务的兴趣日益浓厚。无信任比特币金库将简化借贷流程,增强原生 BTC 的去中心化特点,促进 DeFi 生态发展。

GateNewsJust Now

Bitcoin and US stock correlations unexpectedly turned positive in March, as markets simultaneously plunged into extreme panic.

As Middle Eastern geopolitical conflicts intensify, Bitcoin's correlation with U.S. stocks has reversed, with the two moving in tandem. Market sentiment has plunged into "extreme panic." Analysts maintain a cautious outlook on the market ahead, warning of potential severe volatility. If Bitcoin breaks below $68,000, it could potentially decline to $65,000.

GateNews9m ago

CZ Reiterates Bitcoin as Hard Asset: Digital Assets Should Be on Par with Gold

On March 23rd, CZ referred to Bitcoin as a hard asset, sparking discussions in the crypto market. As economic uncertainty increases, Bitcoin is gaining more recognition as a store of value, especially among young investors and institutions. Its scarcity and independence make Bitcoin a potential tool for hedging against inflation, and its market position is expected to solidify in the future.

GateNews9m ago

Strategy is just one "Bitcoin valuation" away from investment grade, credit rating loosening could unlock 5x market

Strive's Chief Risk Officer Jeff Walton stated that if rating agencies adjust Bitcoin valuations, Strategy could potentially jump from junk grade to investment grade, thereby gaining access to broader capital markets. He pointed out that current mainstream rating systems have significant gaps in their assessment of Bitcoin, which affects corporate financing costs and risk pricing in credit markets.

GateNews30m ago
Comment
0/400
No comments