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The Crypto Basic
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Założyciel Tron, Justin Sun, przeniósł łącznie 20 miliardów Shiba Inu (SHIB) na Poloniex, giełdę powiązaną z jego imperium kryptograficznym.
#SHIBA✅🚀
#Crypto
#CryptoNewsFlash
#CryptonewswithJack
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$50 Million XRP Transfer to the US Government — Is This the Beginning of a Crypto Reserve Strategy?
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The US #SEC ’s Office of Inspector General (IOG) has released an investigation report over allegations against former high-ranking employee Bill Hinman. Whistle-blowing firm Empower Oversight (EMPOWER) confirmed the receipt of the ten-page document after years of asking. The report highlighted the findings on the watchdog group’s accusations against Bill Hinman, the former US SEC’s Corporation Finance Director. For context, EMPOWER accused Hinman of using his position to promote his personal interest and that of his former employer, a breach of the US SEC’s ethics and conduct. However, the IOG’s report noted that the allegations did not hold water. Case Etymology Hinman joined the US SEC in May 2017 after a 16-year stint at the prominent US white-shoe law firm Simpson Thacher & Bartlett (STB). Notably, STB was part of the Enterprise Ethereum Alliance, a coalition of firms focused on promoting the smart contract network. Controversy erupted after Hinman’s famous 2018 speech in an interview with Yahoo Mail, in which he stated that Ethereum is not a security. EMPOWER found the statements contradicted the US Securities and Exchange Commission’s (SEC) stance in subsequent enforcements against firms like Ripple in an August 2021 Freedom of Information Act (FOIA) request. The whistleblowers highlighted a possible conflict of interest in the speech, accusing Hinman of conniving with his former employees to promote the Ethereum network. Furthermore, it alleged that the statement yielded personal gains for the SEC director and sought access to communication records between Hinman and the STB. EMPOWER Reacts as US SEC Acquits Hinman Years after the legal process commenced, the SEC finally released details of its investigation on April 10. The report, dated December 9, 2024, found EMPOWER’s allegations untrue. For context, the report noted that Hinman did not violate any criminal conflict of interest law.... #Crypto
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San Francisco-based payments company #Ripple moves 200 million XRP to an unidentified blockchain address in a single transaction. Whale Alert called the public’s attention to the latest XRP movement involving Ripple’s blockchain address. Data from Whale Alert shows that Ripple transferred the 200 million XRP, worth $402.74 million, today at 10:16 UTC. Unmasking the Identity of Recipient Wallet A transaction of this sort usually attracts investors’ attention due to its size, leaving many investors wondering about its reason. To get a clearer picture, we delved deeper into the transaction to ascertain the identity of the recipient’s wallet. While Whale Alert claims Ripple sent the 200 million XRP to an unlabeled address, ‘rP4X2…sKxv3’, data from Bithomp suggests that this wallet is associated with the San Francisco-based crypto giant. Ripple activated the wallet on October 2, 2023, using 70 million XRP. Since then, it has engaged with other wallets affiliated with Ripple. The latest transaction involving 200 million XRP could be part of Ripple’s internal treasury management. It involves Ripple shuffling funds between its operational wallets. The entire 200 million XRP remained intact in the recipient wallet at press time. Notably, the latest transaction brought rP4X2…sKxv3’s balance to 290.11 million XRP. With XRP currently trading at $1.99 per coin, the dollar equivalent of the wallet’s balance is $577.32 million. Potential Purpose of the Transfer Reacting, popular XRP community figure XRP_Liquidity claimed that the transaction was an internal movement between two Ripple-controlled wallets. The user suggested that the 200 million XRP could be utilized for several functions, including ODL (now Ripple Payments), exchange-traded products (ETPs), and other financial transactions. If the fund is prepped for ODL, it could be reserved for institutions seeking to leverage XRP as a bridge currency for cross-border payments. For ETP, the coins could back funds that track the performance of XRP... #CryptoNewsFlash
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