Top crypto tweets of the day – August 29th

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• SEC raises concern over Ceffu’s involvement with Binance 

  TL;DR Breakdown The US SEC adds troubles to Binance with the recently filed motion to allow the inspection of Binance.US and its supposed shadow partnership with Ceffu. The SEC describes Binance’s CEO, Zhao, as an individual who views himself as above the law and not limited to the confines of any jurisdiction. SEC claims that the new platform, Ceffu, is simply a rebrand of Binance Custody and serving the parent company, currently being used to transfer money belonging to investors out of the country, contrary to an agreement both parties had. Description The United States Securities and Exchange Commission (SEC) has filed a motion at a District of Columbia court to allow the inspection of Binance.US. The ground of this motion was that the organization has failed to disclose documents needed in another suit between both parties. Earlier this year, the SEC sued Binance Holdings, the company … Read more The United States Securities and Exchange Commission (SEC) has filed a motion at a District of Columbia court to allow the inspection of Binance.US. The ground of this motion was…

  Article 2023年9月19日

• Congressman Ritchie Torres asks SEC to stop its assault on crypto

  TL;DR Breakdown Congressman Ritchie Torres has urged the SEC to review its strict approach toward cryptocurrencies. Torres criticized the SEC’s use of the Howey Test and suggested digital assets could be part of securities contracts. He also highlighted the SEC’s lack of clear communication with the industry, stressing the current regulatory uncertainty. Description US Congressman Ritchie Torres has written a scathing letter to the SEC Chair, Gary Gensler, urging SEC to stop its assault on cryptocurrencies. In the aftermath of a decisive lawsuit loss against Ripple Labs, wherein the court ruled XRP was not a security, Torres questioned the SEC’s continued, harsh scrutiny of digital assets in one … Read more US Congressman Ritchie Torres has written a scathing letter to the SEC Chair, Gary Gensler, urging SEC to stop its assault on cryptocurrencies. In the aftermath of a decisive lawsuit loss against Ripple Labs, wherein the court ruled XRP was not a security, Torres questioned the SEC’s continued, harsh scrutiny of digital assets in one of his recent letters.  The Bronx representative criticized the SEC’s usage of the Howey…

  Article 2023年7月19日

• The crypto week ahead – rate hikes on the horizon? September 2023 key indicators

  TL;DR Breakdown Crypto market analysts predict that digital assets will either have a bull run or the worst crypto bear market in the last quarter of 2023. Consumer Confidence and JOLTs job openings begin off the week with Fed Chair Powell hinting at more rate hikes on Friday. The GfK German Consumer Climate results on Tuesday will be closely watched ahead of German inflation figures on Wednesday. Crypto investors place their hope on crypto miners ahead of the Bitcoin halving in April 2024. Description It was a relatively quiet week on Crypto Twitter (X), reflecting the week’s sluggish market news cycle. Nevertheless, this meant a much-needed recovery period for virtually every prominent crypto. On the other hand, Bitcoin begins the new week battling $26,000 as August becomes its worst month of 2023. Contents hide 1 How’s the crypto market … Read more It was a relatively quiet week on Crypto Twitter (X), reflecting the week’s sluggish market news cycle. Nevertheless, this meant a much-needed recovery period for virtually every prominent crypto. On the other hand, Bitcoin begins the new week…

  Article 2023年8月29日

• Crypto to bank made easy: Binance’s ‘Send Cash’ shakes up Latin America

  TL;DR Breakdown Binance has launched “Send Cash,” a new service that enables crypto to bank account transfers in nine Latin American countries, initially starting with Colombia and Argentina. The service is part of Binance’s broader strategy to promote financial inclusion in Latin America, where 42% of adults lack access to traditional banking. The launch follows Binance’s recent partnerships with regional payment providers and signifies a shift in focus towards developing its own platforms, rather than relying on traditional financial systems. Description Binance, the world’s leading cryptocurrency exchange, announced the launch of “Send Cash,” a new service to facilitate crypto-to-bank account transfers in Latin America. The service, which became operational on August 29, is available to users in nine countries, including Colombia, Honduras, Guatemala, Argentina, Costa Rica, Paraguay, the Dominican Republic, Panama, and Mexico. Initially, the service … Read more Binance, the world’s leading cryptocurrency exchange, announced the launch of “Send Cash,” a new service to facilitate crypto-to-bank account transfers in Latin America. The service, which became operational on August 29, is available to users in nine countries, including Colombia, Honduras,…

  Article 2023年8月30日

• DOJ urges bail revocation for FTX CEO amid witness tampering allegations

  TL;DR Breakdown The DOJ urges the revocation of FTX CEO SBF’s bail due to witness tampering and obstruction allegations. SBF is suspected of attempting to influence witnesses by sharing private journal entries with the New York Times. Communication through encrypted messaging software Signal raises concerns about potential witness tampering. Description The United States Department of Justice (DOJ) has made a stunning move in the ongoing legal saga surrounding FTX and its CEO, SBF. On Friday, the DOJ submitted a letter to Judge Lewis Kaplan, urging him to revoke SBF’s bail due to alarming allegations of witness tampering and obstruction. According to the DOJ, SBF is … Read more The United States Department of Justice (DOJ) has made a stunning move in the ongoing legal saga surrounding FTX and its CEO, SBF. On Friday, the DOJ submitted a letter to Judge Lewis Kaplan, urging him to revoke SBF’s bail due to alarming allegations of witness tampering and obstruction. According to the DOJ, SBF is suspected of attempting to influence or intimidate witnesses in the FTX case. The allegations stem from two…

  Article 2023年7月30日