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DREP is up 70% in the last 24 HOURS Drep Coin, known for its decentralized reputation ecosystem, has experienced a significant surge in price over the past 24 hours. Within the span of just 24 hours, Drep Coin has witnessed an impressive 70% increase in its price. This surge has propelled the value of the cryptocurrency to new heights, outperforming many other digital assets in the market during the same period. Currently the highest daily gains on Binance, $Drep is a decentralized reputation ecosystem that aims to empower internet users to monetize their reputation values. When I say 70% You say $DREP #write2earn #drep

DREP is up 70% in the last 24 HOURS

Drep Coin, known for its decentralized reputation ecosystem, has experienced a significant surge in price over the past 24 hours.

Within the span of just 24 hours, Drep Coin has witnessed an impressive 70% increase in its price. This surge has propelled the value of the cryptocurrency to new heights, outperforming many other digital assets in the market during the same period.

Currently the highest daily gains on Binance, $Drep is a decentralized reputation ecosystem that aims to empower internet users to monetize their reputation values. When I say 70% You say $DREP

#write2earn #drep

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Tether blocked more than $5 million on 12 crypto addresses Experts from the analytics platform MistTrack reported that on May 14, Tether, the issuer of the USDT stablecoin, continued to block suspicious accounts. According to MistTrack, Tether continued its fight against fraud and illegal transactions on the digital asset market. In particular, on May 14, Tether froze USDT on 12 cryptocurrency wallets worth about $5.2 million. MistTrack believes that these addresses were on Tether's stop list because of their likely connection to phishing operations. The Tether administration has repeatedly stated its voluntary cooperation with law enforcement agencies and readiness to comply with all orders to block users who have been placed on the Office of Foreign Assets Control (OFAC) sanctions list. Tether CEO Paolo Ardoino said that since its inception, the company has actively cooperated with 124 law enforcement agencies in more than 40 countries. During the joint actions, more than $1.3 billion has been blocked in accounts, mostly related to various forms of fraud. #ETHETFS #ETFvsBTC #altcoins #MicroStrategy
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Dutch court finds Tornado Cash developer guilty of laundering $1.2 bln. A panel of judges in the Dutch city of Hertogenbosch found the creator of Tornado Cash Alexey Pertsev guilty of laundering $1.2 billion. The Russian citizen was sentenced to five years and four months in prison. The defense lawyers have two weeks to file an appeal. Alexey Pertsev is charged with conducting at least 36 illegal transactions between July 2019 and August 2022. One of them has to do with the hacking of the Ronin blockchain bridge game Axie Infinity in 2022. The hackers then stole $600 million in cryptocurrency as a result of the attack. The indictment includes a 175 $ETH transfer that went through Tornado Cash. Prosecutor Martine Boerlage of the Dutch National Office for Financial Fraud and Asset Forfeiture said the defendant did not take sufficient measures to prevent attackers from using the mixer. "Tornado Cash by its nature and functioning is a tool designed for criminals. Under the pretext of ideology, you did not care about the laws and rules that apply to everyone, feeling untouchable," declared one of the judges . The U.S. Treasury Department imposed sanctions against Tornado Cash on August 10, 2022. Alexey Pertsev, who lives in the suburbs of Amsterdam, was arrested a few days later. As a result, customer funds, Tornado Cash source code were blocked, and US tax residents were banned from using the mixer. #ETHETFS #ETFvsBTC #BTC #ETH
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THE US PRODUCER PRICE INDEX PPI RELEASED The first reaction of Bitcoin (BTC) and Dollar (DXY) after the incoming PPI Bitcoin started the week with an increase before the US PPI and CPI data and dropped above $ 63,000, fell back to $ 61,000 levels. While these volatile movements in BTC continue, important economic data is being followed in the crypto market this week. The data disclosed is as follows: Core Producer Price Index (Monthly): Announced 0.5% – Expected 0.2% – Previous 0.2% Core Producer Price Index (Annual): Announced 2.4% – Expected 2.4% – Previous 2.4% Producer Price Index (Monthly): Announced 0.5% – Expected 0.3% – Previous 0.2% Producer Price Index (Annual): Announced 2.2% – Expected 2.2% – Previous 2.1% $BTC #ETFvsBTC #MicroStrategy #BTC🔥🔥🔥🔥🔥
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US SENATOR CYNTHIA LUMMIS DEFENDS CRYPTO WALLET DEVELOPERS Cryptocurrency wallet developers are not to blame for the flow of criminal assets Two senators have sent a letter to the U.S. Attorney General accusing the Treasury Department's Financial Crimes Enforcement Agency (FinCEN) of bias against crypto regulation. The letter was authored by Senators Cynthia Lummis (Cynthia Lummis) and Ron Wyden (Ron Wyden). In a letter to Attorney General Merrick Garland, the congressmen assert that FinCEN unreasonably criminalizes the circulation of digital assets and prevents the emergence of responsible financial innovation "The Biden Administration is promoting and supporting FinCEN's interpretation of U.S. law alien to the crypto community, which is wrong in law and undermines the entrepreneurial foundations that have made America a global economic leader. Wallet software is no more to blame for illicit finance than a highway is to blame for a bank robber fleeing in a car. We are deeply committed to ensuring that every American has the ability to store their own digital assets and that the emerging industry has the opportunity to operate legally in our country." Senators believe that FinCEN's new expansive interpretation of crypto-regulatory and financial crime laws, as demonstrated by FinCEN's criminal cases against the developers of the Samourai and Tornado Cash mixing services, is intended to target programmers and innovators. Rather than focusing on the attackers who steal digital assets. "We are concerned that the DOJ's interpretation will treat software developers as criminals - for simply writing and publishing code used by others. This is a dangerous legal precedent that is contrary to U.S. law and has unpredictable consequences," the senators lamented. #ETFvsBTC #Memecoins #altcoins #MicroStrategy
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The Significance of May 13th in the Ripple vs. SEC lawsuit The legal battle between Ripple and the US SEC began in December 2020. The SEC alleged that Ripple sold XRP, a digital asset it primarily distributes, as an unregistered security. The blockchain payments company contends that XRP is a currency and therefore not subject to securities regulations. The legal outcome has far-reaching consequences for both Ripple and the entire cryptocurrency industry. Why is May 13 important? May 13 is the deadline for the parties and any third parties involved in the case to file “consolidated mail motions to seal all documents related to the case.” briefings related to corrective measures. This means that all parties will submit requests to designate specific parts of legal documents as confidential, preventing them from being disclosed to the public. After the May 13 deadline, there will be a period of time for parties to object to these confidentiality requests and the final decision on redaction will rest with the court. Publicly redacted versions of the filing will then be made available by May 27. $XRP #notcoin #ripple #xrp
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