Circle publicly refuted claims of improper banking relationships and financing of illegal activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown. The Nov. 30 letter, written by Dante Disparte, Circle’s chief strategy officer, is in response to allegations from the Campaign for Accountability, which accused Circle of facilitating illicit financial activity, including Justin Sun’s banking operations and financing of Hamas. The Campaign for Accountability, led by Michelle Kuppersmith, based its claims on studies and reports suggesting links between Circle and Sun. But Circle’s answer is clear. They have no current accounts for Sun or…
Author: Crypto Flexs
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The cryptocurrency whale, which has amassed massive amounts of Chainlink (LINK) over the past two months, is now making another big move, on-chain data shows. According to blockchain tracking service Lookonchain, the deep-pocketed investor held a massive holding of 11 million LINK using 81 different wallets. Now the whale is just moving 1.92 million LINKs on leading cryptocurrency exchange Binance. “Whale, which accumulated approximately 11 million LINK ($80.32 million) across 81 wallets in September and October, began depositing LINK to Binance on November 22. The whale deposited 1.92 million LINK ($27.8 million) on Binance and will earn approximately $14 million…
Crypto superstar AVAX is knocking on the door at $20.65, the equivalent of a bouncer at a VIP party. Will you go inside and dance the night away, or will you be left outside in the cryptocurrency cold? Imagine this: $AVAX is like a party animal ready to break free. If we can flip $20.65 from the barrier to the dance floor, we could witness an incredible 70% rally that would see $AVAX rise to $35.44. Talk about cryptocurrency salsa! You can buy/sell/trade $AVAX on Bybit or OKX. Let’s take a look at the $AVAX chart. But there’s more! AVAX…
Ethereum’s staking pool dynamics have undergone significant changes amid rumors surrounding legal troubles between Binance and CZ and increased regulatory scrutiny of centralized exchanges. There has been a noticeable change in the dynamics of Ethereum staking pools over the past few weeks, indicating a significant slowdown in validator growth rates. This change resulted in a decrease in the daily issuance of Ethereum (ETH), which was directly affected by the amount of ETH actively staked in the pool. Ethereum Validator Exodus: What’s Happening? According to Glassnode’s analysis, there has been a high level of daily validator churn of approximately 1,018 validators…
Iota, an open source distributed ledger focused on the Internet of Things (IoT), saw its Iota token rise 43% on November 29 after announcing the establishment of the Iota Ecosystem DLT Foundation and registration in the capital city of Abu Dhabi. . United Arab Emirates. This makes Iota the first regulated distributed ledger technology foundation for the Abu Dhabi Global Market.According to the project’s press release, the foundation plans to seed $100 million in IOTA tokens that will be awarded over four years. Traders clearly saw this announcement and funding plan as a near-term bullish catalyst. Historically, ecosystem and developer…
Bitcoin price again failed to break the $38,500 resistance zone. BTC is consolidating above its 100 hourly SMA and may attempt another increase. Bitcoin still faces significant resistance near $38,500. The price is trading above $37,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline forming with support near $37,350. The pair may make another attempt to clear the $38,500 resistance level unless it falls below $37,350. Bitcoin price maintains support Bitcoin price remained above the $37,500 support area. BTC rose above the $38,000 level and made…
Bitcoin’s rally is facing a major headwind near $38,000. Repeated failures to remove overhead obstacles trigger the corrective phase. During this, buyers regroup at lower levels and try to attack resistance levels again. On the other hand, bears are trying to pull the price below important support levels and begin a deeper downtrend. A fight between the two in the coming days is likely to increase volatility. Investors are ignoring near-term uncertainty and focusing on two big events in 2024: the Bitcoin halving in April and the Securities and Exchange Commission’s Bitcoin exchange-traded fund spot decision in January. Cryptocurrency exchange-traded…
People • November 30, 2023 2:46 PM EST Posted 1 minute ago In ~ In a letter to U.S. Senators Sherrod Brown and Elizabeth Warren, Circle refuted false claims that it promoted illegal fundraising activities. It also said it does not provide banking services to Justin Sun, the TRON Foundation, or Huobi Global, now known as HTX.“Circle does not directly or indirectly promote or finance Hamas (or any other illicit actor), and neither does Circle Bank Justin Sun,” the company said in the letter. “Neither Mr. Sun nor any entity owned or controlled by Mr. Sun, including the TRON Foundation…
Dogecoin founder Billy Marcus has criticized DAOs, criticizing flaws in their basic design as shared governance and expressing doubts about their viability over time within the cryptocurrency space. DOGE founder blames DAO in Recent posts by X (Previously on Twitter) Dogecoin creator Billy Marcus (aka Shibetoshi Nakamoto) publicly criticized it. Decentralized Autonomous Organization (DAO)Expresses a general distaste for the organization and the ideas behind it. “DAOs are almost universally stupid and doomed,” says Marcus, “because the ‘crypto community’ is often only interested in short-term profits, hype is worth more than actual delivery, and no one has any incentive to build…
The U.S. Securities and Exchange Commission (SEC) suffered another blow when the Chamber of Commerce filed a comment on the SEC-Coinbase lawsuit. The U.S. Chamber of Commerce, which represents about 3,000 businesses, recently submitted a memorandum supporting Coinbase. at shortThe chamber says the SEC is acting illegally in the cryptocurrency industry. 1/ BREAKING NEWS: The U.S. Chamber of Commerce just submitted its report. @Coinbase v. The SEC case accuses the SEC of “illegal” conduct in the digital asset space. This is the American Chamber of Commerce, not the Digital Chamber of Commerce. This is a big deal. Here’s why… —…