A group of US Republican lawmakers is demanding answers from the Treasury Department regarding a recent cyber breach that allowed a Chinese state-sponsored actor to access Treasury employees' job titles. The incident occurred on December 2, 2024, and the hackers gained access to "unclassified" documents.¹

Senator Tim Scott and Representative French Hill sent a letter to Treasury Secretary Janet Yellen requesting a full Congressional briefing on the breach by January 10. They want to know what information the hackers accessed, how the breach occurred, and what steps the Treasury has taken to prevent similar incidents in the future.

The lawmakers consider this breach "extremely concerning" and that the Treasury must protect sensitive federal government information from future cybersecurity incidents. The Treasury Department has attributed the incident to a Chinese state-sponsored APT agent, but China has denied any responsibility for the attack.#EEUU #legislacion #tesorero

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BINANCE IS FULLY AVAILABLE IN ARGENTINA AFTER PSAV REGISTRATION

Binance has announced that its mobile and web application is now fully available for users in Argentina, after registering as an official cryptocurrency service provider with the National Securities Commission (CNV). This registration is the twentieth worldwide for the platform, which seeks to offer its full range of services in the country.

Guilherme Nazar, director of Binance for Latin America, stressed that Argentina is a key market and expressed the company's commitment to collaborate with the authorities to develop the industry in a sustainable way. In addition, he emphasized the importance of regulatory compliance to contribute to the establishment of standards that protect users.

In another context, Changpeng Zhao, the former CEO of Binance, was released from prison in the US after serving four months for violations of the Anti-Money Laundering Act. However, he has a lifetime ban from managing the platform.
#BinanceSquareFamily #bnbcoin #BinanceSquareFamily #Argentina

URUGUAY APPROVED LAW TO REGULATE CRYPTO CURRENCIES AND DIGITAL ASSETS

On September 19, Uruguay approved Law No. 20,345, which establishes a regulatory framework for virtual assets. This law represents a significant advance in the formalization and supervision of entities in the sector, including service providers, which will now be considered financial entities under the regulation of the Central Bank of Uruguay (BCU).

The law modifies the previous Law No. 16,696 of 1995, expanding the responsibilities of the BCU to regulate not only traditional financial institutions, but also exchange houses, fund managers, and insurance companies that operate with virtual assets. In addition, it redefines the powers of the Superintendency of Financial Services, emphasizing the need for stability, transparency and consumer protection, as well as the prevention of money laundering.

It establishes that entities that offer credit may participate in specific operations according to current legislation. Other entities that carry out fund transfers or the purchase and sale of virtual assets are also regulated.

With the law, the BCU is expected to issue the necessary regulations to complete the national legal framework, facilitating more effective supervision and guaranteeing consumer protection. Finally, the definitions of book-entry securities are updated, incorporating centralized and decentralized records through the use of modern technologies.

#TopCoinsSeptember #uruguay #sudamerica #BinanceTurns7

XRP has seen a notable rise in its price, driven by growing market interest and a significant increase in open interest. This indicates that more traders are betting on the token, which can be a good sign of a sustainable uptrend.

Analysts observe several technical formations on the XRP chart. The breakout of a symmetrical triangle, which has been in formation for years, suggests a potential for higher price targets to be reached. This type of pattern is seen as an indication that the market could continue in a positive direction.

Sentiment among traders is optimistic, supported by the RSI, which has shown a bullish signal after an extended period. A close above certain key levels could be a catalyst for more buyers, leading to an even larger increase in price.

Furthermore, growth in open interest is a crucial indicator; when it increases along with the price, it suggests that the trend is strong and likely to continue. Demand for long positions indicates that traders are confident that XRP will continue to rise.

Taken together, these factors point to a positive scenario for XRP, with potential price movements that could be significant in the near future. Is there any particular technical or market aspect you would like me to address?
$XRP #TopCoinsSeptember #TopCoinsJune2024 #BinanceTurns7

Bitcoin retail is experiencing a renaissance in the US, evidenced by the notable increase in downloads of the Coinbase app, which has climbed to#385on the App Store. This resurgence coincides with a recent uptick in the price of Bitcoin, which is now around $60,000, after several months of lower consumer interest. According to data from Bitcoindata21, Coinbase downloads typically increase during bull markets, reflecting renewed interest in cryptocurrencies.

Despite this positive trend, analysts such as those at Santiment warn that a new all-time high in Bitcoin price may not be imminent. Currently, there is an excess of bullish comments about Bitcoin, with a ratio of 1.8 bullish posts for every bearish one. Historically, this situation can be an indicator that markets move in the opposite direction to general expectations. The firm suggests that while interest is increasing, investors should remain cautious as the current optimism could precede a correction in prices. Furthermore, the “Coinbase premium” analysis shows an improvement in the price difference between Coinbase and other exchanges, which also indicates a resurgence of trading. However, social activity and market expectations could complicate short-term projections.
#TopCoinsSeptember #BinanceTournament" #MarketDownturn
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Tether said it assisted authorities by freezing the scammers’ wallets, aiding in the “quick recovery” of the stolen cryptocurrencies.

US Attorney for the District of Columbia Matthew Graves said “typically” the scammers and their accounts are located overseas, making recovery difficult.

“In these scams, scammers trick American citizens into believing they are transferring funds to cryptocurrency investment opportunities when, in fact, they are simply unwittingly handing their money over to the scammers,” he said.

According to the US Attorney’s Office for the District of Columbia, victims of these scams are approached through a variety of means, such as misdirected text messages, dating apps, and investment groups.

After gaining the users’ trust, the scammers recommend a cryptocurrency investment but direct them to investment platforms hosted on fraudulent websites that mimic legitimate ones.

Some of the scam platforms may appear to offer lucrative returns and allow temporary withdrawals, but behind the scenes, all deposits are directed to a wallet address controlled by scammers.

Related: Cryptocurrency Company Founder Paid LAPD to Help Extort Cryptocurrency From Victims, FBI Says

FBI Criminal Investigation Division Deputy Director Chad Yarbrough said cryptocurrency investment scams like the one he just uncovered are “devastating” and affect thousands of Americans daily.
#FBI #EE.UU #BinanceTurns7 #MarketDownturn

“This will go down in history as a perversion of the law and a travesty of justice,” he added. “An appeal will be filed, if necessary.”

Storm, who has pleaded not guilty, argued in his March motion to dismiss that Tornado Cash was open source and not under his control. He presented himself as a developer who created software “to provide financial privacy for legitimate cryptocurrency users.”

Related: Crypto community backs Tornado Cash developers with $2.3M legal fund

Prosecutors objected to the bid, questioning Tornado Cash’s characterization and alleging that Storm “made millions of dollars in profits” knowing the platform was being used for illicit money laundering.

Storm’s trial is scheduled for Dec. 2. He faces a maximum possible sentence of 45 years in prison if convicted on all three counts.

Tornado Cash's third co-founder, Alexey Pertsev, was found guilty of laundering $1.2 billion through the platform at the Court of Appeal in 's-Hertogenbosch, Netherlands, in May and was sentenced to five years and four months in prison.

He is preparing to appeal his conviction.

Semonov, a Russian citizen, remains at large.
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A recent survey revealed that 92% of Spaniards believe that financial education should be compulsory in schools. This finding is part of the 10th anniversary of Financial Education Day, which is celebrated on October 7. Most respondents consider it crucial that topics such as mortgages, credit, inflation and pension plans be included in basic education.

The study also highlights a worrying lack of understanding among consumers. 65% of respondents have accepted bank conditions without fully understanding them. Of these, 45% admit to having read and accepted them without fully understanding them, while 20% do not even review them. This has led to 22% not knowing how many commissions they pay or the possible increases applied by their bank.

In addition, there is an intergenerational consensus on the need for financial education, especially among young people aged 18 to 30, where 94% consider it a priority to learn about finances from school. This approach is essential to foster a more informed citizenry capable of managing its resources effectively.
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Christian Angermayer has made waves in the crypto and investment space, criticising the UK’s recent tax proposal affecting non-domiciles. He argues that the changes, which reduce tax benefits, are a harsher “act of national self-harm” than Brexit, prompting many investors to consider leaving the country.

His decision to move to Lugano, Switzerland is based on the favourable reception of cryptocurrencies in the city, where the local economy has turned towards the use of Bitcoin. In addition, Lugano has positioned itself as a key hub for crypto-related events, such as the “Plan ₿ Forum”.

Angermayer, who runs Apeiron Investment Group, focuses on innovative sectors, including biotechnology and psychedelics. Despite his move, his London office will remain active, reflecting his commitment to multiple markets. His involvement in projects such as Enhanced Games shows his interest in challenging traditional norms and exploring new frontiers in sport and technology.
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Many traders believe that Changpeng Zhao’s release could push the price of BNB to between $700 and $1,000. On September 27, BNB surged to $614, marking a 25.7% increase in three weeks and its first close above this level since June 2024. This rally has led to speculation about a possible continuation of the bullish momentum. However, most analysts argue that the surge reflects the overall behavior of the altcoin market in recent weeks, rather than being directly related to Zhao’s release from custody for four months.

Despite this, some technical analysts point out that BNB’s resilience in holding above $500 suggests that the uptrend could be in its early stages. Some even consider reaching $1,000 to be a realistic target, based on market analysis. #BinanceTurns7 #TopCoinsSeptember #MarketDownturn #BinanceTournament" $BNB

The Canadian Securities Authority (CSA) has extended the deadline for cryptocurrency trading platforms to comply with stablecoin regulations. This is the second extension of the stablecoin rule's enforcement.

Restrictions on value-referenced cryptoassets (VRCA) were first introduced in February 2023. They banned stablecoins that were not backed by a single fiat currency (such as algorithmic stablecoins) from the end of that year. Trading in single fiat-backed stablecoins (FBCA) was allowed to continue until new regulations came into effect on April 30, 2024.

Willing to wait, open to alternatives.
Cryptoasset trading platforms reported technical issues meeting the April 30 deadline, so it was postponed to October 31. Now the date has been moved to December 31. The CSA stressed that it is open to other mechanisms to address its concerns. “The CSA has been actively engaging with CTPs [cryptocurrency trading platforms] and cryptocurrency industry participants,” it stated. It added:

“The extension is intended to provide more time for CTPs to comply with terms and conditions […] or propose alternatives that address investor protection concerns, provided that alternatives exist […] by December 31, 2024.”
After the end of the year, CTPs will only be able to trade with VRCAs “that comply with the conditions of their registration and exemption decisions, or their PRUs [pre-registration undertakings].”

Related: Parliamentary report recommends Canada recognize and strategize on blockchain industry
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Según un informe reciente de 10x Research, Bitcoin ha salido de su tendencia bajista y apunta hacia los $70,000, impulsado por una inyección de liquidez de monedas estables y la recuperación general del mercado de criptomonedas.

Se destaca la ruptura reciente de Bitcoin por encima de los $65,000, con proyecciones de alcanzar los $70,000 en las próximas semanas, coincidiendo con la liberación de Changpeng Zhao, ex CEO de Binance.

El informe menciona que tras la reunión del FOMC de la Reserva Federal, se emitieron casi $10 mil millones en monedas estables, lo que ha facilitado la inversión en criptomonedas. Actualmente, el valor total de monedas estables en circulación supera los $160 mil millones, con un aumento notable de la moneda USD de Circle.

Además, las medidas de estímulo en China, por un valor de $278 mil millones, podrían contribuir a un repunte en los precios de criptomonedas, reflejando un aumento significativo en las entradas de capital en el mercado.

A pesar del repunte, la volatilidad de Bitcoin se mantiene moderada, lo que permite a los traders institucionales asumir posiciones más grandes. Si las proyecciones son acertadas, es probable que el precio de Bitcoin supere los $70,000 en un futuro cercano.

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Moonbix and Binance Relation Summary
Moonbix is ​​a new token that has been generating interest in the crypto world, but its link to Binance has been the subject of speculation. Binance, one of the largest exchanges, could lend credibility to a project, but has not officially confirmed any connection to Moonbix so far.

Key Points:
Official Announcements: Binance has not confirmed its relationship with Moonbix on its official channels.
Documentation: It is essential to review Moonbix's technical documentation to find mentions of Binance.
Community Research: Getting to know the team and community behind Moonbix can clarify doubts.
Reasons for Confusion:
Similar Marketing: Moonbix could be using marketing tactics reminiscent of Binance projects.
Proliferation of Projects: The increasing number of new tokens makes it difficult to identify genuine connections.
Conclusion
There is no evidence linking Moonbix to Binance. Investors should do their research and rely on verified information to avoid misinformation.

Binance Moonbix Game
On September 19, Binance launched a mini-game on Telegram, Moonbix, marking its first foray into the Play-to-Earn (P2E) space. Players take on the role of explorers in a virtual galaxy, collecting items and completing tasks to earn points.

Fast Facts:
The game has attracted nearly 15 million users in a week, reflecting a strong interest in the entertainment and earning opportunities.
Here is a link to join: https://t.me/Binance_Moonbix_bot/start?startApp=ref_5940644495&startapp=ref_5940644495&utm_medium=web_share_copy
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The chances of Solana ETF approval in the US this year are extremely low. The SEC has rejected or removed preliminary applications for these ETFs, likely due to doubts about Solana’s classification as a security. Bloomberg analyst Eric Balchunas suggests that the likelihood of approval under the current administration is close to zero and no significant improvement is expected in 2025 without a change in political leadership.

ETFStore president Nate Geraci is also skeptical, arguing that approval would depend on whether Solana is classified as a commodity rather than a security. However, Matthew Sigel, head of cryptoasset research at VanEck, notes that the “My Big Coin” case from 2018 could have a positive influence. In that case, a judge determined that the My Big Coin token was a commodity, allowing the case to proceed under CFTC regulation.

Despite these hurdles, VanEck is moving forward with its Solana ETF application, as the filing remains active, even though the Cboe has removed the relevant applications from its website. Hopes for a potential approval could depend on future changes in regulation or government leadership.#Binance #Solana⁩

Bitcoin has been trading below its 200-day exponential moving average (EMA) for two weeks running, but has shown signs of recovery by recently breaking above $60,000. Although there have been closes below this EMA in 2024, the price has tended to recover quickly in those instances, suggesting potential underlying strength in the asset.

Long-term holders, who typically hold their investments for extended periods, continue to accumulate bitcoin, reflecting long-term confidence in the asset despite recent volatility. This behavior is contrasted by active selling by short-term holders, who tend to trade more frequently and may be selling in times of correction.

Selling pressure from miners, who can traditionally significantly influence the market, has shown signs of stabilizing. Miner reserves are beginning to build up rather than decline, suggesting a reduction in selling pressure.

Additionally, the supply of stablecoins has increased, indicating increased liquidity in the cryptocurrency market. An increase in the stablecoin supply ratio suggests that there is more capital available to invest in bitcoin and other crypto assets.

Currently, Bitcoin is facing significant technical resistance around $61,700, where the 50-day and 100-day moving averages meet. A break above this level would be a key indication of a trend reversal. If Bitcoin manages to overcome this resistance and settle above $62,737, it could signal the start of a bullish rally, known as “ChoCH” or Change of Character, which could lead to a notable increase in its value in the coming months.#Bitcoin #Binance

Tether has launched its USDT token on the Aptos blockchain to reduce transaction costs by taking advantage of Aptos’ high speed and low gas fee. This will enable users to transact more cheaply, including microtransactions and large enterprise transactions. Aptos has seen significant growth in user and transaction numbers, with a record-breaking 157 million transactions in a single day in May 2024. Additionally, Nansen has partnered with Aptos to provide on-chain data and analytics to help users identify trends in the Aptos ecosystem. Separately, bankrupt cryptocurrency exchange Celsius has sued Tether for $3.5 billion, alleging that Tether liquidated bitcoin that Celsius had provided as collateral for a USDT loan, almost exactly covering the debt without allowing for additional collateral. ExplanationTether is expanding the use of its USDT token to the Aptos blockchain to take advantage of its benefits of fast and cheap transactions. This integration can facilitate everything from small transactions to large trading operations, due to the low fees that Aptos offers. Aptos’ partnership with Nansen is also designed to improve data analysis within the Aptos network, which could help users make more informed decisions. On another note, Celsius’s lawsuit against Tether involves a dispute over a USDT loan. Celsius argues that Tether sold bitcoin, which had been used as collateral, to cover the loan in a way that did not allow Celsius to put up further collateral to cover the debt. #Binance #Tether #MarketDownturn

Since mid-July, the strengthening of the Japanese yen has negatively impacted Bitcoin and cyclical stocks. The yen appreciated by 12% against the dollar, which created turbulence in the markets. However, stabilization came with Japanese GDP growth of 3.1% annualized in the second quarter, which partially calmed concerns.

Bitcoin also faces challenges due to global economic expectations. If fears of recession and layoffs persist, investors could reduce their exposure to cryptocurrencies. In contrast, if the economy shows resilience, stocks could benefit from the positive impact on corporate earnings.

Goldman Sachs has reduced the probability of a US recession from 25% to 20%, based on stronger data on employment and retail sales. In addition, it is expected that the Federal Reserve may consider rate cuts in September, which, together with a financial stability agreement between the US and China, has increased investor confidence.

As for Bitcoin, ETF outflows have dampened institutional interest, with $372 million in outflows in two weeks. Miner profitability has also fallen, with the hashprice index stabilizing at $43 per petahash per day. These factors suggest that the price of Bitcoin may not break above $63,000 in the near term if there are no significant changes.#Bitcoin #Binance $BTC