Bitcoin News Thebittimes.Com

This week, U.S. regulators dropped charges against Ripple’s executives; Coinbase addresses Hamas’ use of crypto; Bitcoin crosses $30,000 amid discussions surrounding spot ETFs. SEC waves the white flag This week, the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple’s executives Brad Garlinghouse and Chris Larsen. However, court documents confirmed that this dismissal does not signify the conclusion of the SEC’s case against Ripple.  Both parties are actively engaged in negotiations to address Ripple’s alleged violations related to its Institutional Sales of XRP. They have established a deadline of Nov. 9 to establish a briefing schedule, or they may face court intervention. XRP responded with a rally. The asset surged 7.6% in an inter-day uptick, conquering the $0.50 and $0.51 price thresholds in one fell sweep. Separately, Ripple is seeking a Senior Manager of Shareholder Communications. The move generated significant...

In a letter to the White House sent on Tuesday, a bipartisan group of lawmakers warned that Hamas has funded its attack on Israel through crypto — and that the Biden administration must swiftly take action to curb its effectiveness. Led by Senators Elizabeth Warren, Roger Marshall, and Representative Sean Caster, over 100 lawmakers signed a document condemning Hamas and the Palestinian Islamic Jihad in their use of crypto to fund terrorist acts and evade US sanctions. The letter, sent to the US Treasury Department and the White House, described “grave concern” about Hamas ’ operations — and requested that Biden’s administration share figures on the extent of its dependence on crypto . The bipartisan group of lawmakers want to know how much crypto remains in Hamas-controlled wallets, how much the militant group relies on crypto to fund operations, and information about the entities and individuals facilitating its crypto use.  “Congress and this administration must take strong act...

As Israel announced a state of war with the Palestinian armed organization Hamas, speculation is rife about the potential impact on Bitcoin and the broader altcoin markets. During geopolitical upheavals like wars or military conflicts, market volatility usually spikes. While commodities like oil and gold often see a price rise, investors generally shift away from riskier assets, including stocks and cryptocurrencies. Meanwhile, crypto firms have launched humanitarian aid initiatives for displaced Israelis, echoing similar efforts in Ukraine earlier last year. You might also like: Crypto firms assemble aid fund amid Israeli-Hamas war Short-term volatility predicted by crypto analyst Miles Deutscher, a well-known crypto analyst , recently shared insights on X (formerly Twitter) about the potential impact of the Israel-Palestine conflict on the S&P 500. How will markets react to the Israel conflict? Well, the unpredictable and fast-changing nature of such events make i...