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.
Author: Crypto Flexs
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.…
Ethereum formed a “golden cross” pattern on a weekly basis, marking the second such signal this year. If history repeats itself, the long-term impact could be very positive, but there are reasons to temper expectations. A weekly golden cross has formed | ETHUSD on TradingView.com Possible targets for Ethereum Golden Cross and new ATH There is 1W ETHUSD Formed the Golden Cross A golden cross is a buy signal in a moving average based trading system. This suggests that the trend is moving in an upward direction and this is noteworthy as trends tend to persist. A golden signal occurs…
The cryptocurrency market has seen renewed interest recently, with major coins like Bitcoin surging alongside meme coins like Dogecoin. In this analysis, we will look at the latest price movements and developments for three major meme coins: Shiba Inu (SHIB), BonkCoin (BONK), and Dogecoin (DOGE). Shiba Inu (SHIB) SHIB attempted to break out of the downward trend, but failed again due to Bitcoin correction SHIB price fell 1.08% to $0.00000822. Possible retest of lows in November The future seems uncertain. The rally could be the start of an uptrend or could be driven by Bitcoin spot hype. Shiba Inu Price…
Solana’s native token, SOL (SOL), was trading at $58 on November 28 with a significant gain of 5.5%. This increase follows a retest of the $54 support level on November 27. While some attribute SOL’s rise to the performance of the broader cryptocurrency market amid a worsening macroeconomic environment, the Solana network and its ecosystem have also played a significant role in driving the price rise.US Dollar Index (DXY). Source: TradingViewOn November 28, the US Dollar Index (DXY), which measures the strength of the US dollar against major fiat currencies, hit a three-month low. Investors are increasingly betting that the…