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The post Binance Tightens Rules for South African Users Starting April 30 appeared first on Coinpedia Fintech News
Binance has announced new compliance rules for its South African users, set to begin on April 30. As part of the changes, all crypto deposits and withdrawals will now require both sender and receiver information. This move is aimed at aligning with local regulatory demands. The update is part of Binance’s ongoing efforts to strengthen transparency and meet government guidelines.
The post Sam Bankman-Fried Moved to Violent California Prison ‘Victimville’ appeared first on Coinpedia Fintech News
The Federal Bureau of Prison has moved Sam Bankman Fried, the former FTX CEO to a Southern-California prison which is known for brutalism and violence.
According to a BOP inmate locator, he is now being held at a medium security facility in Victorville, as of Wednesday. Before the transfer, Fried spent two weeks at an Oklahoma Transfer Center. He spent over 18 months at the Metropolitan Detention Center (MDC) in Brooklyn, N.Y.
There is a significant level of violence at FCI Victorville Medium II prison where fights are regular, and stabbings are not uncommon. The facility currently holds over 1,400 inmates which has witnessed serious incidents including a 2013 inmate murder, stabbing of warden in 2017 and multiple assaults on guards.
Notably, the medium security prisons have a low quality of life even when compared to lower security prisons. The West Coast prisons are often dominated by gang activity and intense prison politics than that at east-coast or mid Atlantic facilities, as per a federal prison consultant Christopher Zoukis.
As per a webpage from Christopher Zhouki’s consulting firm, Victorville, known as ‘Victimville’ in some communities is known for being highly political and racially divided. Inmates are required to be part of a racially-oriented car to stay. One inmate even said that a car is required for personal safety. In prison slang, a “car” refers to a group of inmates, usually from the same race or area, who stay together for safety and support.
Fried was sentenced to 25 years in November 2023 for defrauding users, which was considered to be one of the biggest financial crimes in the US in about 250 years. He was convicted on seven counts of fraud and conspiracy, although he still claims that he is not a criminal and plans to appeal. He will also have access to a digital law library, recreational activities like basketball and football, leather working, art and also includes courses in Microsoft 2010.
The post Sam Bankman-Fried Moved to Violent California Prison ‘Victimville’ appeared first on Coinpedia Fintech News
The Federal Bureau of Prison has moved Sam Bankman Fried, the former FTX CEO to a Southern-California prison which is known for brutalism and violence. According to a BOP inmate locator, he is now being held at a medium security facility in Victorville, as of Wednesday. Before the transfer, Fried spent two weeks at an …
While the XRP lawsuit is reaching its closing stages, there are a few loose ends that parties are racing to tie up. Digital assets lawyer James Farrell notes that Ripple Labs will pursue an indicative ruling to ease its future IPO proceedings. However, internal processes at the Securities and Exchange Commission (SEC) may see the loose ends become a knotty issue for Ripple Labs.
According to crypto lawyer James Farrell, Ripple and the US SEC have to sidestep a raft of hurdles to reach the final resolution in the XRP lawsuit. Farrell revealed via an X post that Ripple Labs is pursuing a settlement with the SEC while having its sights on an indicative ruling from Judge Torres.
Parties are taking a breather from legal proceedings after the US Court of Appeals granted a joint motion to suspend appeals. As parties sheath their swords and head to the negotiating table, Farrell says Ripple is tipped to table a settlement offer.
Furthermore, Ripple is expected to ask the District Court to issue an indicative ruling, seeking for Judge Torres to modify her judgment. Per Farrell, Ripple wants a modification to allow it to carry out private sales of XRP ahead of a Ripple IPO launch date.
“Why do they want it? Because without it, the possibility of an IPO in the next 3+ years is basically zero,” said Farrell. “So while the cool kids are going public, Ripple practically cannot.”
According to the legal expert, the process will involve Ripple submitting a settlement offer and a request for an indicative ruling. Farrell notes that Ripple’s legal team can submit both requests to the SEC jointly or separately.
He notes that the settlement is a low-hanging fruit for Ripple, but the indicative ruling may be a knotty issue for parties in the XRP lawsuit. If the SEC assents to the settlement, Ripple will still have to file a motion before Judge Torres, with the expert forecasting a six-month time frame.
After her decision, parties may head to the appellate court as the appeal is still subsisting, and file a voluntary dismissal. Farrell predicts the process at the appellate court to last for one month.
If Judge Torres denies the motion to modify the injunction, Farrell notes that the parties will head back to the Appeal Court with the argument on appeal potentially extending to January 2027.
Following the pause in legal proceedings in the XRP lawsuit, an analysis tips $2 as the XRP price floor for a parabolic rally.
The post XRP Lawsuit: Expert Reveals Hurdles For Ripple And The SEC Ahead Of Final Resolution appeared first on CoinGape.
Ethereum price action is currently at a critical juncture, with MVRV pricing bands signaling key support at $1,440 amid growing bearish pressure. Market indicators suggest weakening strength, while large whale transactions to exchanges raise concerns about increased selling pressure. Therefore, the coming days will be crucial in determining whether ETH can recover or extend its downtrend below $1500.
Notably, the Market Value to Realized Value (MVRV) pricing bands indicate Ethereum has reached essential price thresholds. Analyst Ali Martinez has determined the Realized Price to be $2,060 at present. The next significant support point for Ethereum price exists at $1,440 when its price fails to stay above the Realized Value threshold of $2,060.
According to MVRV pricing bands, Ethereum price shows reduced market strength while existing closer to its lower boundary deviation point. These bands indicate the price levels the top altcoin must surpass to trigger a market recovery or extend its downward trend.
More so, recent analysis suggests that the upcoming Blood Moon Lunar Eclipse could play a role in Ethereum’s price action, potentially triggering heightened volatility. While some analysts predict a bullish reversal due to historical lunar cycle trends, others warn of another wave of panic selling. With Ethereum already in oversold territory, the market’s reaction to this event could be a decisive moment
Additionally, in recent hours, the crypto trading platform Amber Group moved a substantial amount of 20,000 ETH worth $37.34 million to Binance, OKX and Gate.io. Such large Ethereum moves have sparked doubts about the companies’ intentions for moving ETH to exchanges during market decline. Such whale transactions into top exchanges normally attract attention and could increase selling pressure.
Amber Group deposited 20,000 $ETH($37.34M) to #Binance, #OKX and #Gateio ~40 mins ago.https://t.co/GMZTZP3SjZ pic.twitter.com/CzUOZj9CrF
— Lookonchain (@lookonchain) March 11, 2025
Market activity shows strong signals from the large movement of ETH. The rising availability of ETH on exchanges during trading periods causes market prices to decrease.
However, despite the bearish outlook, the top altcoin has formed a bullish diamond pattern that signals a potential breakout. This technical setup suggests that the asset is approaching a pivotal moment, where a surge could follow if resistance levels are breached. If buyers gain control, Ethereum may see accelerated upward momentum in the coming sessions.
Similarly, a recent ETH price prediction projected that the altcoin would fall further below $1,500, possibly reaching $1,250 if key support levels continue to break. Crypto analyst Ali Martinez noted that Ethereum is slipping out of a parallel channel, a technical pattern often associated with bearish price action.
Despite the bearish sentiments, ETH price has shown resilience, rising from $1,814.5 to $1,915.13 in the last 24 hours. This 6% increase reflects renewed buying pressure, despite a significant drop in trading volume.
The post Will Ethereum Price Crash Below $1,500 Before Market Rebound appeared first on CoinGape.