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Two US Senators asked the US Department of Justice (DoJ) to take ”swift action” against Binance and Tether for aiding the militant group Hamas. “We strongly support swift action by the Department of Justice against Binance and Tether to choke off sources of funding to the terrorists currently targeting Israel,” wrote Lummis and Arkansas representative French Hill in an Oct. 26 letter to Attorney General Merrick Garland. Senators Want Binance ”Charging Decision” They urged the DoJ to conclude its investigation into Binance and to ”reach a charging decision” that reflects its “level of culpability” in illicit activities. When it comes to illicit finance, crypto is not the enemy – bad actors are. I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in illicit activities. pic.twitter.com/M3KGNFkpW...

The US Department of Justice (DOJ) may seize two luxury jets owned by Sam Bankman-Fried’s FTX on grounds they were bought with the proceeds of fraud. The aircraft are a Bombardier Global and Embraer Legacy, according to a DoJ filing. Island Air Capital (IAC), which operates the jets, bought the Embraer for $12.5 million and the Bombardier for $15.9 million. The luxury jets are already at the center of an ownership conflict between the DOJ and FTX. IAC filed a motion with the US Bankruptcy Court for the District of Delaware on September 21 regarding the ownership of the jets. FTX And DOJ Battle Over SBF’s Luxury Jets In its filing, the IAC said the government believed SBF bought the two aircraft using fraudulent funds. FTX claims ownership, saying that the loans used to purchase the jets were not documented. The IAC seeks clarity on the jets’ ownership to know who will pay the costs for the ongoing repairs and inspections. The aviation company said that no one asso...

Majority Whip Tom Emmer has reintroduced a bill to prevent ”unelected bureaucrats” from introducing a central bank digital currency (CBDC) that he says could be used for surveillance of the population. The legislation would prohibit the Federal Reserve Bank from issuing a CBDC directly to individuals, and thus from collecting their data. The updated bill, which is supported by 50 co-sponsors, was first filed in January 2022. “ If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said, referring to the Chinese Communist Party. “I’m reintroducing my landmark legislation to put a check on unelected bureaucrats and ensure the United States’ digital currency policy upholds our values of privacy, individual sovereignty, and free-market competitiveness.” 🚨Today, ...

M1 Finance is about to launch its crypto trading accounts and trading services, the firm said in an official statement on 11th July. The reason for the addition of this asset class is quite contradicting the popular perception that the excitement for crypto may be undergoing a decline, given the current market conditions. Brian Barnes, CEO of M1, pointed out that strong customer demand was the primary reason for the integration of cryptocurrencies onto their platform. Buy the Dip Now Your capital is at risk. More About M1 Finance The Chicago-based firm has been operational since 2015 and has more than $5 Billion worth of assets under management. They offer commission-free stock trading, exchange-traded funds and retirement accounts as part of their services. Brian Barnes said that “ The crypto market is still young and volatile; Bitcoin emerged just 13 years ago .” And while that is the case, the adoption of cryptocurrencies has been very prevalent in America. ...

China is making significant progress with its plans for a central bank digital currency (CBDC). The e-CNY is currently available in several Chinese cities. It can be accessed easily by citizens looking for an alternative way of paying for local buses and subways. China launches e-CNY payments for public transport Several local sources have confirmed that China has commenced the next phase of its CBDC pilot program. In Guangzhou city, it will be possible for people to pay for bus rises using the e-CNY on ten different transit routes. It is the first time that the country is doing this. To make these payments, passengers must download the e-CNT application, deposit funds , and scan the QR code on the bus payment section to make payments for the ride. Guangzhou is not the only city that is doing this. Ningbo also allows passengers to pay for bus rides at 125 stations using the CBDC. Ningbo is the ninth city in China that is rolling out pilot tests for the e-CNY. The Chinese go...

Join Our Telegram channel to stay up to date on breaking news coverage Cardano, one of the leading blockchain developers, has secured the top spot in a new report looking into the intimacy of global brands . Cardano is now the 26 th largest among the 600 brands analyzed in the report. The blockchain developer is also holding the top spot in the cryptocurrency sector. Cardano outranks Bitcoin in top global brands MBLM, a brand relations company, released the report in question. The report said that brand intimacy referred to the emotional connection between different brands and how these brands can create a user base and audience. The MBLM agency has also said that the brands use artificial intelligence and big data to understand consumers’ relationships and work with leading global brands such as Apple, Disney, and Tesla. The agency also analyzed 19 industries, and the crypto sector was among the top-ten performers. While Cardano was taking the lead, Bitcoin was lagg...

Join Our Telegram channel to stay up to date on breaking news coverage In advance of Bitcoin‘s return to its 100-day moving average after a long break since late April, Bitcoin Tracking ETFs and blockchain funds are seeing green candles. The price of Bitcoin has now rallied 4.7% on Monday and is up 11.4% since the end of August, which has contributed to the rally in exchange traded funds. ETFs that hold Bitcoin futures contracts, and in some cases the shares of companies and other ETFs active in the cryptocurrency space are major beneficiaries of this positive growth. While Bitcoin ETFs don’t own Bitcoin because the Exchange Commissions are concerned about BTC being traded on unregulated crypto exchanges, talks are underway to include crypto-ETFs on the same scale as other ETFs. Buy Bitcoin Now Your Capital is at Risk. Why Bitcoin ETF’s ? In comparison to owning Bitcoin on a wallet or on cryptocurrency trading platforms, there are a number of reasons why ...

Join Our Telegram channel to stay up to date on breaking news coverage Battle Infinity Price Prediction for Today, 21st of September: IBAT/USD will still go further if the current support at $0.002771 holds. The crypto’s price may continue its upside moves to reach a $0.3000 high level, provided the buyers increase their actions in the market. Key Levels: Resistance Levels: $0.004500, $0.004600, $0.004700 Support Levels: $0.002700, $0.002600, $0.002500 IBAT (USD) Long-term Trend: Bullish (1H) Analyzing the chart above, we can clearly see that IBATUSD is in a bullish market zone. The price currently trades above the EMA-9. This means that the coin is in an uptrend. Many investors can join the market at a lower price in order to capitalize on the future upward rally. The current price level now trades at the $0. 002877 supply level above the EMA-9 is an indication of upward momentum in the context of the strength of the market. Thus, a possible breakout from the curren...

Join Our Telegram channel to stay up to date on breaking news coverage The bulls are taken over Uniswap market Uniswap Price Analysis – October 27 Further increase in the bulls’ momentum may break up the resistance level of $7.2, this may increase the Uniswap to $7.9 and $8.9 resistance levels . Failure from the bulls to break up the resistance level of $7.2, may decrease price to $6.7, $5.7 and $5. 1 price levels . UNI/USD Market Key Levels: Resistance levels: $7.2, $7.9, $8.9 Support levels: $6.7, $5.7, $5.1 UNI/USD Long-term Trend: Bullish Uniswap is bullish on the long-term outlook. UNISWAP price was rejected at the support level of $5.1 on 21 September. A candle pattern called bullish engulfing emerged at the same level just mentioned, which act as a signal to the traders that bulls are ready to push up the price. The price increases and tested the resistance level of $6.7. It penetrates the mentioned level and increasing slowly towards the resistance le...

Join Our Telegram channel to stay up to date on breaking news coverage As bulls and bears engaged in stiff competition, EOS investors have endured weeks of volatility. The tension in the market started during the second half of January after a handful of investors decided to book early profits. At the time of writing, the EOS token was trading at $1.25 after gaining 14.7% on the last day, with a 24-hour trading volume of $574.9 million. This represents a 233.7% increase from a day ago and points to a recent surge in market activity. Given the token’s price is up 18% in the last week, EOS is outperforming the broader crypto market that has only recorded a 9% increase within the same period. EOS is also doing better than similar smart contract cryptos that are up only 11.3%, based on CoinGecko data. EOS Foundation Network Launches Series 5 Pool Funding The EOS Network is a generation-3, open-source blockchain platform boasting high performance, flexibility, security, and ...

Join Our Telegram channel to stay up to date on breaking news coverage Binance is losing two more senior executives as the world’s biggest crypto exchange mulls an exit from the Russia market. Gleb Kostarev, head of Eastern Europe and the Commonwealth of Independent States, shared his farewell message on LinkedIn today, while Vladimir Smerkis, general manager for Russia and the CIS, announced his departure in a Facebook post, . Smerkis described his two years at Binance as an “incredibly cool adventure” and expressed gratitude to his team and colleagues. He also promised to host a press conference in Russia within a fortnight. “I know you and the media will have tons of questions about the causes, future, thoughts and experiences,” he said. “I will definitely share everything. We will do a broadcast, or maybe a meeting in Moscow to talk to you.” The crypto exchange’s CEO, Changpeng Zhao, responded to the departures on Twitter ,...