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    Binance and Tether take action against Hamas-linked crypto accounts

    An anonymous Binance employee emphasized the importance of tracing customers connected to each Hamas donation address. While Binance acknowledged its involvement, it only admitted to blocking a “small number” of accounts without providing specific details. The Israeli government’s focus on cryptocurrencies has intensified following a severe Hamas assault from the Gaza Strip earlier this month. In June 2023, Israel confiscated millions in cryptocurrencies associated with Iran’s Quds Force and Hezbollah, an operation Defense Minister Yoav Gallant described as the first significant crypto seizure, with assistance from Mossad, military intelligence, and local law enforcement.Simultaneously, Tether, known for the USDT stablecoin, has frozen over 30 addresses tied to illegal activities in Israel and Ukraine. The blocked addresses accumulated a total of $873,118. This action was taken in close collaboration with Israel’s National Bureau for Counter Terror Financing (NBCTF).This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    Binance.US halts direct dollar withdrawals – CoinDesk

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    Ripple’s latest job posting fuels IPO speculation

    The new role is expected to report to the Senior Vice President of People and Communications. The responsibilities include working closely with the Chief Financial Officer and managing investor relations, non-deal roadshows, and high-impact corporate events such as mergers and acquisitions. This has led observers to believe that Ripple might be preparing for significant corporate changes, possibly including an IPO.In addition to communicating Ripple’s strategy and performance to shareholders, the Senior Shareholder Communications Manager will also collaborate with the Product and Marketing teams. The collaboration aims at creating presentations, developing case studies, conducting analyses, and preparing fact sheets for shareholders. The manager will also participate in executive speaking engagements.The inclusion of tasks related to investor relations and corporate events in the job description has fueled the IPO speculation. While no official confirmation regarding an IPO has been released by Ripple, this recent development suggests that the company might be gearing up for some significant strategic moves in the near future. The blockchain-based payment protocol company has been under scrutiny due to legal issues with the U.S. Securities and Exchange Commission (SEC). However, this recent job posting indicates that Ripple is continuing to plan for its future growth despite these challenges.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    Is XRP on Verge of Recovery? Here’s What Data Shows

    The immediate observation is that XRP has reached a pivotal support level, hovering around the $0.473 mark. This price level could be crucial for the cryptocurrency in the short term. Historically, support levels act as a cushion, preventing the price from plummeting further. If manages to maintain its position above this line, it could signify that a robust buying interest exists around this price point. On the other hand, a breach below could pave the way for further declines.Source: However, a concerning observation from the chart is the looming “death cross.” For the uninitiated, a death cross occurs when a short-term moving average (like the 50-day MA) crosses below a long-term moving average (like the 200-day MA).This bearish signal has often been associated with potential downtrends and can be indicative of waning momentum. On the XRP chart, the blue and orange lines representing these moving averages are inching closer, suggesting that the death cross might materialize soon.The volume bars at the bottom of the chart provide another perspective. They represent the number of XRP traded on specific days. Comparing this with price movements, there does not appear to be a massive surge in selling volumes, which is somewhat reassuring for XRP holders.From the outset, price movement indicates downward pressure. While it is showing some resilience around the $1,575 zone, the continuous testing of this support suggests a potential breakdown. If ETH fails to maintain this stance, the road toward the $1,400 mark might be its next destination.Another noteworthy aspect from the chart is the presence of moving averages trending downward, signaling bearish momentum. Moreover, the price is predominantly trading below these averages, further affirming the prevailing bearish sentiment.The volume patterns also offer some insights. Without any substantial increase in buying volume to push the price upward, might continue its bearish journey.To sum it up, while the $1,575 mark acts as a temporary support, the overarching bearish patterns and downward moving averages hint at a possible dip toward the $1,400 level. As always, investors should keep an eye out for key support and resistance levels and be prepared for any sudden shifts in market dynamics.Upon close inspection, the SHIB price has tested the 21 EMA, a common technical indicator used by traders to gauge potential price movements. The recent touch of the 21 EMA can lead to two possible scenarios:Bullish breakout: If SHIB manages to break and maintain above the 21 EMA, it could indicate bullish momentum for the token. Such a breakout, coupled with increased buying volume, can potentially propel the token to test higher resistance levels, setting the stage for a new rally.Bearish rejection: On the flip side, should SHIB get rejected at the 21 EMA and fail to maintain a position above it, a potential downtrend could ensue. This scenario might see the token retesting previous support levels. Traders would be wise to keep an eye on the volume during this period, as decreased buying activity could further affirm the bearish stance.This article was originally published on U.Today More

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    Shiba Inu (SHIB) on Verge of Breakthrough: Unexpected Surge

    First and foremost, a close examination of the SHIB/USDT chart reveals a coin that is in a fierce battle with the 21-day Exponential Moving Average (EMA). The 21-day EMA has historically acted as a decisive indicator of bullish or bearish momentum for many cryptocurrencies. Source: At present, seems to be testing this crucial resistance level, indicating a struggle between bears trying to push the price down and bulls aiming to propel it higher. If SHIB manages to close above this level, traders could expect newfound bullish momentum.However, while there is visible optimism on the chart, it is crucial not to overlook some underlying factors. One of the most conspicuous elements is the descending trading volume. A price chart depicting a cryptocurrency battling key resistance, like the 21-day EMA, ideally should be accompanied by rising trading volumes.This would indicate a strong buying interest and add validity to the price movement. In SHIB’s case, the decreasing volume presents a contrary narrative. It raises concerns over the sustainability of any bullish run, as a surge without substantial volume support might be short-lived.Ethereum appears to be navigating challenging waters. For the past few weeks, a discernible downtrend has been evident. The price movements have been confined beneath the descending resistance line, characterized by lower highs and lower lows. This paints a somewhat bearish picture, indicating consistent selling pressure at higher levels.However, not all hope is lost for the Ethereum enthusiasts. The coin is currently hovering around the $1,600 mark, which has historically acted as a significant support and resistance zone. If Ethereum can close above this level and maintain its stance, it could be an early indicator of a trend reversal. A sustained move above this threshold could catalyze further buying interest, potentially propelling ETH to higher levels.Upon examining the provided SOL/USDT chart, one can observe a budding uptrend. The price appears to be finding support along an ascending trendline, suggesting growing confidence among buyers. Notably, this current uptrend bears resemblance to the early stages of Solana’s surge in June. Back then, Solana’s price steadily built momentum before skyrocketing in September, reaching unprecedented highs and solidifying its position as one of the top crypto assets.However, while the current chart displays optimistic signs, it is crucial to note the differences between the two periods. The explosive growth in September was a combination of fundamental and technical factors. The launch of various decentralized applications (dApps) on , along with growing adoption, were significant catalysts. It was a perfect storm of demand, technology and market sentiment propelling Solana into the spotlight.In contrast, the current scenario is marked by industry-wide hesitation, with many cryptocurrencies grappling to regain their former glory after substantial pullbacks. Although Solana’s recent movements hint at a potential bullish phase, the magnitude and pace of its ascent might not mirror that of September.This article was originally published on U.Today More

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    Australia open to idea of CBDC as future of money — RBA

    In a speech titled “A Tokenised Future for the Australian Financial System,” Brad Jones, assistant governor (financial system) of the RBA, talked about the opportunities and challenges arising from the tokenization of assets and money in the digital age while shedding light on the proposed plan to use CBDCs as a form of money.Continue Reading on Cointelegraph More