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Today’s Cryptocurrency Headline
The Treasury Department is planning to designate international crypto mixers as money-laundering hubs, citing Hamas’ use of them along with other terrorist groups, according to The Wall Street Journal. That designation is a form of sanction, the WSJ reported, noting it will require certain reporting for any financial transactions. “Today’s action underscores Treasury’s commitment to combating the exploitation of Convertible Virtual Currency mixing by a broad range of illicit actors, including state-affiliated cyber actors, cyber criminals, and terrorist groups,” said Wally Adeyemo, deputy Treasury secretary, according to the WSJ. “More broadly, the Treasury Department is aggressively combating illicit use of all aspects of the CVC ecosystem by terrorist groups, including Hamas and Palestinian Islamic Jihad.”The designation comes shortly after a report from the WSJ that said that Hamas, along with other militant groups, used crypto as a financing tool ahead of attacks in Israel earlier this month. Sen. Elizabeth Warren, D-Mass., along with more than a hundred other lawmakers including both Democrats and Republicans, said they were concerned about how Hamas raised millions of dollars through crypto in a letter sent to the Biden administration on Tuesday.
BingX’s Bitcoin Chart
Bitcoin has held above the $28,000 mark since Monday in a rally that has seen the world’s largest digital asset by market capitalization rise 8% over the past week. At the same time, BTC’s total market value has also hit new highs, which has completely different feelings for different investors. From an indicator point of view, BTC has continued to stand firm on the MA30, which has helped BTC start a new wave of gains. However, most other altcoins are still in a downward trend, and even if there is a rebound, it cannot be sustained. Combined with Powell’s speech, U.S. stocks also showed a tangled trend. For risk assets, it will still take a long time to wait for a truly comprehensive bull market.The support level is at $28,200 and the resistance level is at $28,900.
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