Surprisingly, it appears that cryptocurrency exchange Bybit is subject to regulation by the CFTC. A U.S. government agency sent a subpoena to Coinbase demanding information about user accounts linked to Bybit. CFTC Target Bybit After the regulatory crackdown on Coinbase, Commodity Futures Trading Commission (CFTC)appears to have targeted ByBit, a prominent cryptocurrency exchange. Crypto enthusiast Tom Crown of X (formerly Twitter) I shared a screenshot of the email I received from Coinbase. In relation to the CFTC’s recent subpoenas to cryptocurrency exchanges. The email’s details have sparked concern and discussion in the cryptocurrency industry, leaving community members to ponder the…
Author: Crypto Flexs
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Solana showed significant gains and broke above the $60 resistance level against the US dollar. The price of SOL has recently risen by more than 50% and looks set to continue rising, potentially reaching the $75 range.The rally began with SOL overcoming $55 resistance. It is currently trading above $60 and has been above the 100 simple moving average for 4 hours. The 4-hours chart of the SOL/USD pair using data sourced from Kraken shows a strong bullish trendline forming with support near $55.00. The upward momentum is likely to continue, especially if SOL can break above the $68.00 resistance…
Profit taking is expected to threaten the strength of VeChain’s VET. VET price surged after Coinbase announced that it would list VET and VeThor (VTHO). Yesterday’s VeChain news was about the coin’s listing on Coinbase and its potential impact on the price of VeChain’s naive token VET. While VET and blockchain ecosystem’s VeThor (VTHO) are fighting to block sellers, near-term outlook points to a potential reversal. Sentiment across the broader cryptocurrency market could help the VeChain price if the bulls hold above $0.015. Coinbase Lists VET and VTHO VeChain rose nearly 10% as the market reacted to news of support…
Lawmakers should also strengthen the department’s authority under the Bank Secrecy Act (BSA) to allow it to “target cryptocurrency companies and services that facilitate financing for terrorists,” the proposal says. This calls for a new category of financial institutions under the BSA, including “cryptocurrency exchanges, virtual asset service providers (VASPs), virtual asset wallet providers, certain blockchain validation nodes, and decentralized financial services” that meet certain anti-currency requirements. We ask you to do so. -Request for laundry.
Whale Alert, a popular blockchain tracker, reported a significant transfer of XRP tokens to the Bithumb cryptocurrency exchange. The transfer, which included over 32 million XRP tokens worth approximately $19.5 million, originated from an unconfirmed wallet and was executed today at 05:15:10 UTC. The practical nature of this transaction clearly falls into the category of ‘whale trading’, which is often scrutinized due to its potential impact on market dynamics. In the cryptocurrency space, these significant transfers usually indicate strategic moves by influential players within the market. Although the specific intent of this transaction has not been disclosed and the identity…
Polkadot and Cardano rank first in terms of number of development activities over the past 30 days. DOT and ADA have increased in price in the last 48 hours. Over the past 30 days, Polkadot (DOT) and Cardano (ADA) have ranked as the top networks in terms of development activity. Despite sharing many similarities in their development efforts, each had different pricing trends. Polkadot and Cardano show strong development activity. recent chart According to Santiment, on November 29, Polkadot ranked first in terms of development activity, followed by Cardano in second place. Notably, this marks the first time in over…
Cryptocurrencies have become more instantaneous with fiat-to-crypto exchanges now possible. Nimiq Oasis allows these exchanges using SEPA transfers from all European banks with instant transactions, along with Germany’s TEN31 Bank. According to a press release detailing the launch, it is “designed to provide users with a secure and decentralized experience, and Nimiq has made Oasis the perfect non-custodial bridge between fiat and cryptocurrencies.” Launched in 2017, Nimiq was designed to improve the usability and accessibility of blockchain. Philipp von Styp-Rekowsky, technical leader and co-founder of Nimiq, discussed their ambitions. “We started the Nimiq project to make cryptocurrencies accessible and safe…
Celsius, a cryptocurrency lender that filed for bankruptcy last summer, has started allowing withdrawals for some users.Customers of the custody program who hold a “Class 6A general custody claim” and/or a “Class 6B withdrawable custody claim” will be able to begin withdrawing funds from the platform on or around November 29, according to court documents. They have until February 28th to make a deal. Eligible users can withdraw 72.5% of their cryptocurrency, excluding transaction fees, if they have not previously participated in a custody agreement. Clients who voted to reject the restructuring plan will not participate in this distribution and…
On-chain data shows that the last Chainlink signal reversed before the asset price rose 31%. The Chainlink Lifetime Consumption indicator has recently observed a sharp spike. According to data from on-chain analytics firm st tly, LINK has recently seen significant movement in older coins. The relevant indicator here is “Age Consumed,” which tells you whether dormant Chainlink tokens are currently moving. A large spike in the value of an indicator is a sign that the blockchain is currently observing the movement of a significant number of older coins. These dormant tokens belong to a group called “long-term holders” (LTHs), made…
A recent report from Project Tourbillon, led by the Bank for International Settlements’ Innovation Hub, shows that significant progress has been made in balancing privacy and transparency in CBDCs. Project Tourbillon, an initiative led by the Swiss Bank for International Settlements (BIS) Innovation Hub, has made significant progress in the area of central bank digital currencies (CBDCs). The main focus of this project is maintaining user privacy in digital currency transactions, which is an important and complex issue in the digital financial environment. The recently released final report of Project Tourbillon reveals a nuanced approach to privacy in CBDC transactions.…