Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuit - cyptoranking.com

2024-05-04

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Pipelining is a suitable procedure for processing a data sequence in a series of stages with separate hardware. Source: PexelsThe Israeli police cyber unit have frozen cryptocurrency accounts used by Hamas to raise donations via social media, Jerusalem Post reported. This action comes as part of a broader effort to curb the flow of funds into the hands of the terrorist organization, especially during times of conflict.The cyber unit's investigation revealed that Hamas had initiated an online fundraising campaign with the outbreak of the recent conflict, urging the public to deposit cryptocurrencies into its accounts. These funds were likely intended to support its activities. The Israeli police cyber unit, in collaboration with the National Headquarters for Economic Warfare, swiftly located and froze these cryptocurrency accounts. Authorities asked Binance to facilitate the process of withdrawing the seized funds into the state treasury.The Israeli cyber unit, known as Lahav 433, also worked closely with the UK police to freeze an account held at Barclays Bank.The unit's efforts extend beyond this operation, as it continues to actively search for financial infrastructures in cryptocurrencies used by terrorist elements.Web3 Community Launches Crypto Aid IsraelAmid the ongoing conflict in Israel, the country's crypto and Web3 communities have come together to establish "Crypto Aid Israel." This initiative aims to raise funds to support Israeli citizens who have been displaced and are in need of humanitarian aid due to the escalating conflict with Hamas.Crypto Aid Israel has set up a multi-signature wallet, controlled jointly by multiple parties, to accept donations denominated in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and dollar-linked stablecoins such as USDT and USDC. Several Israeli banks and regulators have also stepped in to facilitate the flow of these crypto donations, potentially providing a bridge between crypto assets and traditional banking channels.To ensure the secure management of these cryptocurrency assets, the initiative has enlisted the expertise of Fireblocks, a specialized crypto safekeeping firm. They have implemented a strict policy that mandates the consensus of at least four out of seven signatories to authorize the movement of funds out of the wallet, ensuring a secure and transparent process.Members of the alliance supporting Crypto Aid Israel include prominent entities like Fireblocks, MarketAcross, Collider Ventures, CryptoJungle, and the Israel Blockchain Association.Hong Kong Police Issues Warning After Binance Users Lose $450K in Phishing Scams Binance.US halts trading for dozens of USDT, BTC, BUSD pairs amid SEC lawsuitHong Fang, chief operating officer at OK Group and president of OKX, took to X (formerly Twitter) to announce that Okcoin will be rebranding to OKX over the coming months. Founded in 2013, Okcoin will have the same name as OK Group’s other crypto venture, OKX (formerly OKEx). The neon-lit kiosks in lurid green feature full-length AR mirrors. Using an integrated touchscreen, visitors can select and try looks from a lineup of buzzy young designers—including Chet Lo, Andam Fashion Award winner Louis Gabriel Nouchi, Harri (a favorite of musician Sam Smith), and Celine Kwan (who has customized pieces for Lizzo).

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Finality is crucial in the context of smart contracts. The details of the agreement between the buyer and seller are directly embedded in smart contracts, which are self-executing code. Finality guarantees that these contracts’ outcomes are deterministic and unalterable. San Francisco-based peer-to-peer startup Utopia Labs said Monday it would wind down all services beginning next month in a move that’s being canvased as a pivot away from its current business model. What Is Order Book and How to Use It in Crypto Trading?Bitcoin’s volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived, as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin (BTC) exchange-traded fund (ETF) applications. News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post on X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%.Daily cryptocurrency market performance. Source: Coin360In the near term, the bulls face an uphill battle, as September has traditionally favored the bears. According to CoinGlass data, Bitcoin has seen negative returns in September for the past six years. Will the trend continue in 2023?The weakness in Bitcoin is affecting several major altcoins, which have dropped close to their strong support levels. Will the decline extend further, or is it time for a bounce to happen? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisThe bulls failed to defend the 20-day exponential moving average (EMA) of $26,947 on Aug. 31. That started a sell-off, which pulled Bitcoin below the breakout level of $26,833.BTC/USDT daily chart. Source: TradingViewThe price action of the past few days shows that the BTC/USDT pair has been oscillating inside the large range between $24,800 and $31,000. Typically, traders buy the dips to the support of the range and sell near the resistance. The same is expected from the bulls at $24,800.If bears want to seize control, they will have to sink and sustain the price below $24,800. If that happens, the pair may extend the fall to $19,500. There is a minor support at $24,000, but that may not hold for long.Ether price analysisEther’s (ETH) rebound off the strong support at $1,626 fizzled out at $1,745 on Aug. 29. This indicates that bears remain active at higher levels.ETH/USDT daily chart. Source: TradingViewThe bears will try to build upon their advantage by pulling the price below the $1,626 to $1,550 support zone. If they are successful, it will signal the start of a new downtrend. The ETH/USDT pair could then nosedive to the next formidable support at $1,368.Alternatively, if the price sharply rebounds off the current level, it will indicate that the bulls are fiercely defending the support. That could drive the price to the 20-day EMA ($1,702) and subsequently to $1,745, which may act as a resistance. BNB price analysisBNB’s (BNB) recovery halted at the 50-day simple moving average (SMA) of $234 on Aug. 29, and the bears yanked the price below the important support at $220 on Aug. 31.BNB/USDT daily chart. Source: TradingViewThe moving averages are sloping down and the relative strength index (RSI) is in the negative territory, indicating that bears have the upper hand. The bears will try to sink the price to the psychological support at $200. If this level collapses, the BNB/USDT pair could reach the next major support at $183.If bulls want to start a relief rally, they will have to push the price back above the 20-day EMA ($222). The pair could then climb to the 50-day SMA and later to the resistance line.XRP price analysisThe long tail on XRP’s (XRP) Aug. 31 candlestick shows that the bulls are trying to protect the support at $0.50. However, the price action on Sep. 1 shows that the bears are keeping up the pressure.XRP/USDT daily chart. Source: TradingViewIf the price plunges below $0.50, it will suggest that bears are back in control. That could start a downward move to the formidable support at $0.41. The bulls are likely to defend this level with vigor. A bounce off the support could keep the XRP/USDT pair range-bound between $0.41 and $0.56 for some more time.If the price rebounds off $0.50, it will suggest that the pair may attempt a rally to $0.56. The bulls will have to overcome this roadblock to start a new up move to $0.63 and thereafter to $0.73. Cardano price analysisCardano (ADA) has been range-bound between $0.24 and $0.28 for the past several days. The bulls kicked the price above the range on Aug. 29 but could not sustain the higher levels.ADA/USDT daily chart. Source: TradingViewThat may have tempted the short-term bulls to bail out of their positions. The selling picked up further, and the price slipped below the uptrend line on Aug. 31. The bears will next try to sink the ADA/USDT pair below the vital support at $0.24.If the price rebounds off $0.24, the pair may continue to consolidate inside the range for a while longer. On the contrary, if the price dips below $0.24, it will signal the start of a down move to $0.22 and eventually to $0.20.Dogecoin price analysisThe bulls are struggling to start a recovery in Dogecoin (DOGE), indicating that demand dries up at higher levels. DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT pair could dip to the solid support at $0.06. Buyers are expected to defend this level with all their might because a break below it may resume the downtrend. The pair could first skid to $0.055 and then to the final support near $0.05.On the contrary, if the price rebounds off $0.06, it will signal that the bulls are buying the dips to this level. The bulls will then again try to overcome the obstacle at the 20-day EMA. If they succeed, the pair may surge to $0.08.Solana price analysisSolana (SOL) returned from the 20-day EMA ($21.37) on Aug. 30, which shows that bears remain in command. The price has reached the vital support at $19.35. SOL/USDT daily chart. Source: TradingViewThe 20-day EMA is sloping down and the RSI is in the negative zone, indicating that the path of least resistance is to the downside. If the $19.35 support gives way, the selling could intensify and the SOL/USDT pair may slide to $18.Time is running out for the bulls. If they want to start a recovery, they will have to quickly shove the price above the overhead resistance at $22.30. If they do that, the pair may soar toward $26. The 50-day SMA ($23.42) may act as a hurdle, but it is likely to be crossed.Related: Bitcoin lines up RSI showdown as BTC price slips toward new 2-week lowToncoin price analysisToncoin (TON) is in a strong uptrend. The bears tried to stall the rally near $1.77, but the bulls did not give up much ground. That shows that the bulls are in no hurry to book profits.TON/USDT daily chart. Source: TradingViewBuying resumed on Sep. 1, and the TON/USDT pair reached the pattern target of $1.91. If buyers scale this level, the upmove may continue and the pair may skyrocket to $2.38. This level may witness profit-booking by the traders.This bullish view will be invalidated if the price turns down and breaks below $1.66. Such a move will suggest aggressive selling at higher levels. That could then sink the pair to the breakout level of $1.53.Polkadot price analysisPolkadot (DOT) turned down from the 20-day EMA ($4.56) on Aug. 30, indicating that the sentiment remains negative and traders are selling on rallies.DOT/USDT daily chart. Source: TradingViewThe selling picked up further on Aug. 31, and the DOT/USDT pair dropped to the vital support at $4.22. This level is likely to witness a battle between the bulls and the bears. If the price plummets below $4.22, the pair could start the next leg of the downtrend to $4.Buyers have their task cut out. If they want to make a comeback, they will have to quickly drive and sustain the price above the 20-day EMA. If they manage to do that, the pair could surge to the overhead resistance at $5.Polygon price analysisPolygon’s (MATIC) failure to maintain above the 20-day EMA ($0.58) on Aug. 29 may have attracted profit-booking from short-term traders. The bulls tried to push the price back above the 20-day EMA on Aug. 30 and 31, but the bears held their ground.MATIC/USDT daily chart. Source: TradingViewThe bears will try to strengthen their position by pulling the price below the immediate support at $0.53. If they can pull it off, the MATIC/USDT pair may slump to the crucial support at $0.51.If the price turns up from the current level, it is likely to face selling at the 20-day EMA and again at the 50-day SMA ($0.66). On the other hand, a break below $0.51 could resume the downtrend. The next support is at $0.45.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Presently, Hong Kong does not permit retail trading of stablecoins, citing the absence of specific regulations governing stablecoin transactions as the reason. Hui Ching-yu, Secretary for Financial Services and the Treasury, clarified that the city's stance on stablecoins is driven by the need to establish regulatory frameworks.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.$500M FTX exploit is swapping millions in ETH for BTC. Why? Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case. CFTC greenlights Eurex Bitcoin index futuresSteven Soderbergh Presents Blockchain Award to NFT-Funded Film ‘Calladita’ “All mining operations and services are only possible after obtaining a permitting document and license in the prescribed manner,” the NAPP wrote, adding:

On the Lightspeed podcast (Spotify/Apple), Julio explains how dYdX, the perpetual contract market, is trying to address performance demands by building its own custom blockchain, based on Cosmos SDK technology. “It’s tailor-made for derivatives trading, tailor-made for what we’re doing and we’re very excited about it,” he says. Several factors have played a role in this price decline. Ethereum’s co-founder, Vitalik Buterin, notably conducted significant sell-offs of his holdings. Additionally, the Ethereum Foundation (0x9e…313d) executed a sale of 1.7k ETH on Uniswap at 16:18 (UTC+8). It resulted in 2.738 million USDC. The address now retains 240.68 ETH, 3.238 million USDC, 49,700 DAI, and 10,000 ARB, totaling assets worth $3.687 million. Which is the world's No 1 exchange?ETH futures ETF performance | Source: K33 Research — Bitget Wallet (Formerly BitKeep) (@BitgetWallet) October 9, 2023

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