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The US Treasury Department said a Gaza-based crypto exchange was included in a list of 10 Hamas-linked entities it has sanctioned following the militant group’s attack on Israel. Buy Cash Money and Money Transfer Company has a history of enabling terrorism financing, it said in an Oct. 18 release. It added that Israel’s National Bureau for Counter Terrorist Financing seized a number of wallets in connection to a Hamas fundraising campaign in June 2021 and one of the wallets belonged to the exchange. “In addition to involvement in Hamas fundraising, Buy Cash has also been used to transfers funds by affiliates in other terrorist groups,” it said. “In September 2019, Buy Cash’s Bitcoin wallet 19D1iGzDr7FyAdiy3ZZdxMd6ttHj1kj6WW received a Bitcoin transfer equivalent to over $2,000. The transfer was facilitated by a Türkiye-based money services business operator and al-Qa’ida affiliate.” Blockchain analytics firm Elliptic said it was a...

Coinbase, the largest US crypto exchange, has expressed concerns about the new crypto tax proposal created by the Internal Revenue Service (IRS). As CoinDesk reported, the new rule would require newly designated brokers to report sales and exchanges of digital assets. The law would not include miners and stakers, but experts believe it would still negatively affect all aspects of the crypto industry. JUST IN: #Coinbase is expressing opposition to a recent proposal put forth by the U.S. Internal Revenue Service (IRS). They argue that this proposal has the potential to put the #crypto industry at risk and compromise the privacy of Americans. — Crypto Headlines 📜 (@Idreesahmadjr) October 12, 2023 IRS Presents Long-Awaited Proposal, and It Will Only Harm the Crypto Industry Two years ago, the Infrastructure and Jobs Act (IIJA) passed a bill that obligated broker information reporting to digital asset transactions in the US. The IRS was put in charge of implementing t...

Hong Kong police warned that 11 Binance users fell prey to a series of phishing scams that resulted in total losses of more than HK$3.5 million ($450,000).  “Fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated,” it said. The police quickly issued a warning on Facebook through its CyberDefender program. After clicking on the fake link and going through the verification process, the hackers managed to get into the Binance accounts of the victims.  To prevent additional harm, the police are encouraging anyone who believes they may have received a suspicious message to report it using the “fraud prevention” section on the official police website . In an effort to assist residents in identifying legitimate exchanges and safeguarding their investments, the police shared the Hong Kong Securities and Futures ...

Binance and OKX recently restructured their businesses to comply with the new rules that the UK’s Financial Conduct Authority (FCA) had implemented. The regulator introduced the new rules in June of this year, and they officially took effect yesterday, October 8. Binance Launches a Separate Platform for UK Customers In response to the new requirements, Binance launched a new domain for UK users two days before, on October 6. The latest Binance UK branch also teamed up with Rebuildingsociety.com, a UK-based, FCA-regulated company that will be in charge of overseeing the exchange’s communications and marketing. The new platform grants UK users access to several Binance’s services, all previously approved by the FCA. This includes crypto and fiat deposits, spot and margin trading, crypto conversions, loans, an NFT marketplace, and Binance Pay and Binance Launchpad access. However, some of the exchange’s services will not be allowed in the country, such as Binan...

The crypto industry may not survive and even if it does it can’t be regulated locally, said Portugal’s central bank governor. “It is still unclear whether these highly volatile products are here to stay,” said Mário Centeno in a speech on Oct. 2. “These volatile products experienced an enormous surge in popularity during the Covid-19 pandemic, but proved to be unsustainable and, unsurprisingly, culminated in the collapse of several products.” Centeno called for more international cooperation to address what he called crypto’s fragmented regulatory landscape. An international approach is needed, he said, in the same way it is needed for the oversight of bigtech companies. ”It would be short-sighted to believe that regulating and supervising these global risks and international players at the national level will suffice,” he said. ”“We need international cooperation and coordination to set up a robust framework an...

A crypto whale has lost $4.46 million in a phishing scam when USDT was illicitly transferred from the owner’s wallet on Kraken to a scammer’s wallet. Crypto Scammers Strike Again The scam was flagged by PeckShield, a blockchain security company, which labeled the address ending in “ACa7” as a phishing scammer’s address. Soon after, Scam Sniffer, a blockchain scam platform, added information about the incident, revealing that the funds were routed to an address connected to a “fake Coinone crypto mining exchange.” #PeckShieldAlert The address 0x2175…f7D9 got scammed for 4.46M $USDT Victim's address: 0x2175c0082d052872501f7fe54e1aC59858aaf7D9 Scammer's address: 0xAbb07822F471773Ff00b9444308ceEB7cf0dACa7 pic.twitter.com/Ny9CIrkBxw — PeckShieldAlert (@PeckShieldAlert) September 21, 2023 Although the specifics of how the scam was carried out are still being investigated, the huge amount at stake highlights the sophistication empl...

A smart Coinbase bot helped the crypto exchange gain $1 million from the $73 million hack against Curve Finance in July, but now it’s facing criticism for not returning any of the money to help the victims. That’s according to a Coin Desk report, which says that when the hack threw Curve’s asset-pricing system out of whack, the Coinbase trading bot pounced. It  paid 570 ETH to take advantage of an arbitrage opportunity that helped it snare a $1 million profit for the exchange. While Coinbase is not under any legal obligation to return the funds, Alchemix requested that it send back money to the victims of the hack, Coin Desk reported. ”Coinbase has shown no willingness to return the funds despite knowingly benefitting directly from the exploit,” said Alchemix, which lost $22 million to the attack. We are so thankful to a whitehat MEV bot operator who returned 43.3 ETH made from arb profits following the @CurveFinance exploit of the $alETH / $ETH p...

CoinFLEX is among the crypto firms affected by the bearish conditions across the market. The crypto investment firm is looking into how it can reclaim $84 million worth of funds from the whale account.  CoinFLEX to arbitrate on $84M deficit The CoinFLEX arbitration process with the unnamed whale account is expected to happen in Hong Kong. The co-founders of the platform, Mark Lamb and Sudhu Arumugam, said that the process would grant access to the whale’s assets, adding that their legal team was confident that a solution would be met. The two executives said that the whale account had a legal obligation to make these payments but had failed to do so. The firm also added that the arbitration process could take a year to realize a judgment. The judgment is expected to give CoinFLEX access to the whale’s “ worldwide assets .” Buy Bitcoin Now Your capital is at risk. The company did not formally reveal the whale’s identity that had defaulte...

Popular crypto trading platform Bitfinex has unveiled its Ethereum (ETH) Chain Split Tokens (CSTs). Bitfinex operator, iFinex Financial Technologies Limited, confirmed this development in a statement. The Chain Split Tokens will pave the way for users to trade on the imminent Ethereum consensus protocol. According to the operator, it plans to make the CST tokens readily available in trading pairs on the derivative platforms. The CST tokens will be in two folds, ETHW (for PoW) and ETHS (for PoS). The CTO of Bitfiniex, Paolo Ardoino, reacted to the development. He said,  “the team is delighted to provide our users access to these new Ethereum Chain Split Tokens to help prepare for all eventualities as we approach the Ethereum Merge.”  Jag Kooner, the Product Manager at Bitfinex Derivatives, also commented on the CST unveiling. Kooner boasted that Bitfinex is trying to provide the best experiences to its customers. He added that the crypto trading platform w...

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin took a fast lane to lower support recently. And, currently, this crypto appears to lack upward momentum. At this point, we can only hope that the crypto has gotten to a  strong support from, which it’s can retrace higher resistance level. Be that as it may, let’s examine the signs here. DOGE’s Forecast Statistics Data: DOGE’s current price: is $1537 DOGE’s market capitalization: $8.38 billion DOGE’s Circulating supply: 132.67 billion DOGE’s Total supply: $132.67 million DOGE’s Coinmarketcap ranking: #10 Important Levels: Resistance levels: $0.06331, $0.06530, $0.06600 Support levels: $0.06300, $0.06280, $0.06250 Dogecoin May Consolidate, but the Basis on Tamadoge Is Bullish The DOGE/USD trading chart shows that buyers aren’t having much effect in this market. This can be seen from how much selling pressure has exerted some downward...

Join Our Telegram channel to stay up to date on breaking news coverage Bulls continue pushing up the CAKE CAKEUSD Price Analysis – September 26 Should the buyers increase their momentum and penetrate the resistance level at $4.6, the resistance levels of $5.0 and $5.5 may be tested. In case the sellers push down the CAKE, it will be confronted by the barriers at $4.5, $4.3 and $3.8 support levels CAKE/USD Market Key levels: Resistance levels: $4.6, $5.0, $5.5 Support levels: $4.5, $4.3, $3.8   CAKEUSD Long-term trend: Bullish PancakeSwap is bullish in the daily chart. After the formation of Cup with Handle shape pattern. The coin remains under the buyers’ control. It increases to $4.3 resistance level. It pulled back to retest the dynamic support level as a normal phenomenon in a trending market . The buyers returned to the market and push the price to break up the resistance level of $4.3. The price further increase to test the resistance level of $4.6...

Join Our Telegram channel to stay up to date on breaking news coverage Amidst the struggle of the bulls to take control of the whole crypto market, only a few coins are pliant enough to submit to the bulls’ buying pressure. With the RSI of ImmutableX and Maker perking up from an extremely oversold region, these two coins now appear attractive to the bulls. Finally, Tamadoge is emerging out of the oversold region, as indicated by the RSI indicator. With the moving average signaling buy, the buying pressure now overwhelms the bears as they get crushed out of the market. ImmutableX (IMX/USD) IMX/USD had been ranging between two significant levels: $0.730 and $1.300 in the market. This range market began in May 2022 and ended after a bullish order block was mitigated on October 4. Now that the $0.380 demand zone has been hit, the bearish order block around the $0.730 price level might get invalidated as the price rallies upward. ImmutableX (IMX/USD) Current Price: $0.50...

Join Our Telegram channel to stay up to date on breaking news coverage As the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) approaches its conclusion, Ripple’s CEO, Brad Garlinghouse, underscores the persistent requirement for regulatory clarity within the crypto industry. Emphasizing the Ongoing Need for Regulatory Clarity Garlinghouse believes that well-defined regulations are essential for the growth and success of businesses, as well as the protection of investors. While he acknowledges the importance of safeguarding investors and maintaining market integrity, he also advocates for striking a balance that allows for innovative solutions and addresses valid concerns. Despite the imminent conclusion of Ripple’s lawsuit against the SEC, Garlinghouse asserts that it is only the beginning of a larger conflict for the sector, and the fight for regulatory clarity must persist. The unsealing of the Hinman Documents on June 13, as pa...