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Kangaroo Hearing – The Stream

Senate Democrats are holding a kangaroo hearing to try to hound Justice Clarence Thomas out of the Supreme Court on a bogus ethics charge, one so bogus that all nine Justices, including the liberals, signed a letter condemning the smear.

All its done is open the liberal Justices up to similar ethics complaints. The Daily Wire reports that between 2010 and 2012, Justice Sonia Sotomayor got $3 million in book advances from the Knopf Doubleday Publishing Group, plus another $500,000 in book royalties starting in 2017. Yet she twice failed to recuse herself in decisions involving the publishers parent company Random House (in one case, fellow author Justice Stephen Breyer did).

Lets hope this will serve as a lesson to DCs hyper-partisan Democrats that for them to accuse Supreme Court Justices of having questionable ethics is throwing bowling balls in a glasshouse.

In her latest column, Ann Coulter points out that the attempt to claim Thomas got millions of dollars worth of trips because he and his wife vacationed with a friend who was a billionaire GOP donor on his yacht was ridiculous because the friend was taking the vacations anyway, so the only cost was food for his guests. But liberal Justices like Ruth Bader Ginsburg got billions of dollars worth of free fawning publicity, book deals and other perks.

As for Justice Sotomayor, do I think this story proves shes corrupt? No. We dont even know how she voted in these cases, only that she should have recused herself and didnt. Id like to think that all our Supreme Court Justices have enough integrity not to let personal or business relationships influence their court decisions, but I dont know if this actually violated any ethics laws or was just a mistake. Maybe it justifies an investigation, but if so, a real and impartial one, not a kangaroo hearing/public show trial.

But lets hope this will serve as a lesson to DCs hyper-partisan Democrats that for them to accuse Supreme Court Justices of having questionable ethics is throwing bowling balls in a glass house.

Mike Huckabee is the former governor of Arkansas and longtime conservative commentator on issues in culture and current events. A New York Times best-selling author, he hosts the weekly talk show Huckabee on TBN.

Originally published at MikeHuckabee.com. Reprinted with permission.

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Opinion | A Tragedy in Omaha – The New York Times

OMAHA By nightfall on May 30, 2020, Jake Gardner was inside his nightclub in Omahas Old Market district. He had handguns and a shotgun.

Crowds were descending on the citys downtown during a third consecutive night of Black Lives Matter protests. Bricks and Molotov cocktails were being heaved at buildings and at the police, and officers in riot gear had responded with tear gas.

Mr. Gardner, a white 38-year-old, had been part of a unit that received a presidential award after being of one of the very first U.S. Marine Corps battalions to invade Iraq in 2003. After service, he eventually returned to Omaha and ran one of the citys popular downtown bars. It had been closed for weeks amid the initial outbreak of the coronavirus pandemic, and Mr. Gardner had been bleeding losses. With a reopening imminent, hed stocked the bar full of liquor, some $90,000 in prospective gross income.

James Scurlock, 22, was one of the protesters out that night. He was one of two dozen siblings, raised in North Omaha, a largely Black and poor corner of the city. He had endured bouts of homelessness as a child and was put behind bars at 16, denied the chance at any kind of diversion program that might have offered mental health support or educational help. He had a talent for songwriting, and having just become a father for the first time months earlier, he planned on enrolling in community college.

Video footage shows that Mr. Scurlock and a friend had trashed the ground-floor office of an architecture firm near Mr. Gardners bar. Then video footage appears to show them helping smash the bars windows and heaving debris inside while Mr. Gardner and his bartender, whod joined him, had hidden behind a wall and called 911.

Witnesses described what happened next, parts of which were captured in security camera and cellphone videos that I have seen. Some of the recordings have audio, others dont; some are grainy, others are clearer.

Shortly before 11 p.m. Mr. Gardner, the bartender and Mr. Gardners father, who had just arrived, stood outside the bar. When Mr. Gardners father saw a business nearby being vandalized, he pushed a white protester who was filming the scene. Then Mr. Scurlocks friend raced across the street and crashed into Mr. Gardners father, who was 69 years old, sending him flying backward and landing on the pavement. Mr. Gardner, a gun in his waistband, went to see who had flattened his father.

Mr. Scurlock hurried through the mayhem and, along with others, wound up in front of Mr. Gardner.

Mr. Gardner told those in front of him that if they hadnt knocked his father to the ground they should move on.

Mr. Scurlock and others advanced. Mr. Gardner flashed the gun in his pants, then held it at his side, then put it back, all the while telling people to stay away from him. Suddenly, Mr. Gardner was jumped from behind by a young woman and taken to the ground. He fired two shots and tried to get to his feet. Mr. Scurlock jumped on Mr. Gardners back. Mr. Gardner pleaded with Mr. Scurlock to get off him. He then got the gun in his left hand and fired a single bullet over his shoulder. Mr. Scurlock was shot and pronounced dead shortly afterward.

Mr. Gardner was detained by police officers, interrogated, and then released. The county attorney in Omaha determined that the bar owner had a legitimate claim of self-defense.

In my 40-year career as a journalist, Ive always been drawn to heartbreak: the Catholic bishop who died of AIDS, in secret and in shame; the Brooklyn girl on her roller skates killed by a stray bullet. Id found that in diving into stories of devastating loss, I almost always discovered people of remarkable grace, moments of acceptance and forgiveness.

What happened in Omaha was, of course, far more complicated than a child accidentally slain in the street. Mr. Scurlocks death occurred as the country had reached a breaking point. In 2020, whether it was the men who chased Ahmaud Arbery through their neighborhood before one of them shot him at close range or a police officer slowly asphyxiating George Floyd in front of onlookers in Minneapolis, Black men dying at the hands of white men was a raw and explosive issue in America.

Yet the events in Omaha seemed to me to amount to a certain kind of tragedy and an important one in an angry and divided nation. Not the straightforward tragedy of great loss resulting from bad luck. Not the Shakespearean variety involving the noble person with a tragic flaw. Rather, the sort in which two characters, both with stakes in their community, maybe one Black and the other white, take matters into their own hands and produce an awful outcome a tragic result for which there are no outright villains, a horror in which the specifics of the individuals and their fateful circumstances arent swept up by larger agendas or longstanding grievances, however real and true.

Maybe Mr. Gardner shouldnt have been out there with a gun that night. Maybe he should have grabbed his father and gotten away from everyone as quickly as he could. But maybe he had, in several critical seconds, legitimately feared for his life. Maybe Mr. Scurlock should not have been vandalizing businesses, but maybe he, in the same critical seconds, legitimately wanted to prevent more gunfire and had jumped on the man with the weapon.

Such tragedies, it seemed to me, could offer the families and communities that suffered grievous pain the chance to heal together.

Thats not how things played out in Omaha.

Almost instantly, explosive information spread online. People posted that Mr. Gardner had targeted Mr. Scurlock, and that Mr. Gardner had used racial slurs both of which are unproven. And that Mr. Gardner had shot Mr. Scurlock twice from behind, which is false.

There were also true facts that added fuel to the fire: Several old Yelp reviews surfaced alleging that Mr. Gardners bar had a racist door policy. He was a Trump supporter, which some took to mean he was a fascist. A screenshot of a Facebook post where he called Black Lives Matter a terrorist organization was publicized and cited as evidence of his murderous intent.

Mr. Scurlock was initially lionized online. Hed gone to protest white violence and paid with his life, people wrote. But then video emerged that showed him vandalizing the business near Mr. Gardners bar and his criminal record appeared online. A new portrayal took hold in certain corners. In far-right circles, Mr. Scurlock was lampooned as a thug who got what he deserved.

And there it was: Todays America acting true to form, insisting on a culprit in every tragedy, digging for clues and motives and easy answers to try to push an agenda rather than accept facts even misrepresenting or inventing details in the absence of a clear good-versus-evil narrative. The vigilantes on social media and the partisans in the culture wars need, even lust for, pure villains. Pressure can consequently be brought to bear to bend justice one way or another. And so the people of Omaha found themselves with a fatal tragedy that quickly turned into something else: competing campaigns of misinformation or oversimplification, which became mean and, in the end, dangerous, too.

It all seemed to leave precious little room to contemplate what happened that May night in Omaha as a tragedy without culprits.

The ultimate decision whether to charge Mr. Gardner had fallen to Don Kleine, the longtime county attorney in Omaha.

Mr. Kleine was a Democrat with some genuine progressive credentials. After an investigation, his office concluded that Mr. Gardner hadnt gone out looking to shoot Mr. Scurlock. Witnesses, including Mr. Scurlocks friend, said they did not hear Mr. Gardner use racial slurs. Mr. Gardner may not have had any idea if Mr. Scurlock was white or Black. Mr. Scurlocks death was crushing, Mr. Kleine determined, but it wasnt a crime.

Mr. Scurlocks sprawling family was a mixed but distinctive clan talented, hardworking, wayward, committed, loyal. His older brother had done years in prison; another brother served in the military and became an accomplished artist; a few siblings were activists with the Revolutionary Action Party in North Omaha. They were torn apart by Mr. Scurlocks death.

In the end, though, Mr. Scurlocks father wasnt interested in establishing Mr. Gardner as a racist. He just wanted a better investigation into how his son had died. Witnesses had complained that police officers had been uninterested in hearing their accounts. Hadnt bringing a gun out into the chaotic streets been reckless, maybe criminally so? He made the point that if the races of the two men were reversed, theres no way Mr. Scurlock would not have been charged. That Mr. Kleine was white was another fact that made Mr. Scurlocks father wonder about the outcome.

It was a local lawyer, though, who made a citizens case that helped to shape the inflammatory narrative of Mr. Gardners character and motivations. The lawyer, Ryan Wilkins, a white man born and raised in Omaha, confessed that he wanted to be better at calling out racism. For weeks that summer he produced a series of posts on Medium and shared them through his Facebook account, making claims: Mr. Gardners father had been indoctrinated into white supremacy while behind bars in Texas for drug running; Mr. Gardner himself had a swastika tattoo; white supremacist symbology could be found in the bars logo.

I looked up prison records and there was nothing about the older Mr. Gardner having spent time locked up in Texas. Jake Gardners medical records contained no references to a swastika tattoo. An Anti-Defamation League expert on white supremacy debunked the idea that Mr. Gardners bar held secret white supremacist codes. (Mr. Wilkins has since deleted the first two allegations and told The Times that he stands by the accuracy of his blog posts.) Some of the lawyers posts went viral.

Megan Hunt, a white state senator, lamented that the decision not to charge Mr. Gardner would embolden other white supremacists like him. White supremacist groups, including ones Jake Gardner was in communication with, rely on you thinking that none of this is a big deal so they can organize their support, she wrote on Twitter.

It has become common for everyday people to insert themselves into contentious criminal cases and local issues over the last decade. There have been benefits: Videos shot on smartphones by bystanders to police killings have brought some real accountability. But theres also a danger in regular people taking on the role of freelance investigators or self-deputized prosecutors and spreading misinformation in the process. Sometimes, actors driven by a sense of righteousness or maybe a hunger for a heros turn dont have much taste for nuanced tragedy.

A few days after the shooting, the white prosecutor gave way to community pressure. A special prosecutor was appointed to re-examine the case. The newly named prosecutor was Fred Franklin, a Black former federal prosecutor who had spent his career in Omaha. Months later, a grand jury returned a manslaughter indictment. In the following days, Mr. Franklin asserted that Mr. Gardner may have wanted to ambush looters; possibly frustrated that he hadnt been able to shoot anyone coming into his bar, he went after Mr. Scurlock. He was the first aggressor in the episode and thus he could not claim self-defense.

Mr. Franklins theory of the case found support among many in Omahas Black community who felt hed delivered justice at last. The Gardner family was livid. Mr. Kleine said he thought that Mr. Franklin had his mind made up before he went in there.

Mr. Gardner had fled Omaha just days after hed shot Mr. Scurlock. He bunked for months with a Marine buddy in Portland, Ore. On the morning he was to board a flight to surrender in Omaha, he shot himself dead, blood from the wound to his head staining his old U.S.M.C. sweatshirt.

Two sons of Omaha, dead by the same hand before they were 40.

Even with Mr. Gardners death, Omaha did not go quiet. Conspiracy theories were floated that he was still alive; Tucker Carlson and Ann Coulter suggested that a leftist mob was to be blamed for his suicide. All suicides are complex human losses. Research has demonstrated that veterans like Mr. Gardner who suffered brain injuries are more likely to die by suicide. He told his parents he feared he would not survive behind bars and that his legal defense would bankrupt his family.

It turned out he had left something for the world before his suicide: a quotation. It was a saying from the Black boxer Rubin Hurricane Carter, who had been wrongly convicted of murder in 1967: To live in a world where truth matters and justice, however late, really happens, that world would be heaven enough for us all.

I would wind up spending two and a half years examining the deaths of Mr. Scurlock and Mr. Gardner. Id gone to Omaha because I was drawn to heartbreak, and I found a world of that. And Id gone wondering about the nature of tragedy in America, and found no shortage of the ills that afflict the country: a mistrust in the fairness and integrity of our criminal justice system; the lasting harm shouldered by the men and women who fight our wars; a consuming and destabilizing anger that could see Jake Gardner call the Black Lives Matter movement a terrorist organization and James Scurlock vandalize the businesses of his hometown.

But it might have been the fear the people of Omaha felt that registered as most truly tragic. Fear of one another, fear that the truth of what happened might be more nuanced than they suspected, fear of simply being honest in public. Marines who had fought with Mr. Gardner did not want their friendship made public, and worried that their families would be harmed. A close family friend of the Scurlocks said she was fired from her job at a nursing home after other staffers said the memorial pin she wore would upset patients.

It was a Black former Marine who captured that tragedy of Omaha most powerfully. He had served with Mr. Gardner, gone to his bar, appeared on a news segment with him to talk about their service. Mr. Gardner, he said, had treated him like a brother throughout.

The Black man in me wonders what the hell Jake was doing with a gun out there that night, he told me. But the Marine in me is open to the idea I might have done the same thing Jake did in firing that gun.

It felt complicated but candid, conflicted but genuine. It felt empathetic and true. Yet the Marine told me he would not be named. He said he might lose his job if he were. He told me he was sorry but felt he was without a choice.

With a sadness hard to measure, I said I understood.

Joe Sexton, a former reporter and editor at The Times, is the author of the forthcoming book The Lost Sons of Omaha: Two Young Men in an American Tragedy, from which this essay is adapted.

The Times is committed to publishing a diversity of letters to the editor. Wed like to hear what you think about this or any of our articles. Here are some tips. And heres our email: letters@nytimes.com.

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Binance slams US crypto crackdown and makes bid for UK oversight – Financial Times

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Crypto stocks drop after Binance halts bitcoin withdrawals for hours – Reuters

May 8 (Reuters) - Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees.

The halts pushed bitcoin , the world's biggest cryptocurrency, down 2% to a one-week low of $27,900.

Crypto exchange Coinbase Inc (COIN.O) fell 3.6%, while blockchain-farm operator Bitfarms Ltd dropped 5.1%. Crypto miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and U.S.-listed shares of Hut 8 Mining (HUT.TO) declined between 5.3% and 6.6%, tracking lower bitcoin prices.

Binance, the world's largest crypto exchange, shut bitcoin withdrawals for an hour late on Sunday and for about three hours on Monday, saying there was a glut of pending transactions because it hadn't offered so-called miners a high enough reward to log the trades on the blockchain.

The company said its set fees did not anticipate a recent surge in bitcoin-network gas fees - the payments made to crypto miners whose computing power processes transactions on the blockchain.

"There were so much traffic congestion and also the gas fees were so high over the weekend ... even by historical standards," Oppenheimer's Owen Lau told Reuters.

Binance said in a tweet that the company had adjusted its fees to "prevent a similar recurrence".

In March, it had suspended deposits and withdrawals citing tech issues.

Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles.

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Is Binance going bust? Spot market outages and BTC outflows spark fears – CNBCTV18

Over the past few days, the crypto community has witnessed multiple changes in Binances bitcoin balance. The abrupt flow of bitcoins occurred shortly after Binance temporarily halted BTC withdrawals on its platform. The series of events has led some to believe that whales were jumping ship, raising concerns about the overall health of Binance. But is that really the case?Is Binance about to go bust? Lets discuss.

What has happened so far?

The sequence of events commenced on May 8, when Binance temporarily suspended Bitcoin withdrawals on its platform due to congestion issues affecting the Bitcoin network. During the same day, a number of bitcoin inflows and outflows were noted on the exchange. As per CryptoQuant, the changes consisted of an outflow of 117,359 BTC, an inflow of 10,036 BTC, and an outflow of 40,184 BTC. The same accounted for nearly $4 billion, representing almost 30 percent of Binance's net bitcoin reserved balance.

As BTC withdrawals remained halted, rumors started circulating on social media platforms that Binance could possibly be financial trouble. A crypto analyst said, Billions of dollars have been withdrawn from Binance while the price of Bitcoin continues to plummet. This is a big red flag. This sort of behavior happens during insolvency/legal risks.

However, Binance later clarified that it halted BTC withdrawals since there was a glut of pending transactions. This had happened since miners were not rewarded with a high enough fee to log the trades on the blockchain, leading to a backlog.

It also clarified that its BTC outflows was a result of internal movements between Binance's hot and cold wallets, necessitated by BTC address adjustments.Currently, Bitcoin withdrawals have been re-enabled on Binance.

In the Bitcoin blockchain, transactions are broadcasted to the mempool, where miners select transactions to include in the next block. It was observed that a significant backlog of Bitcoin transactions had resulted in a surge in transaction fees. On May 7, the mempool held a staggering 395,000 unconfirmed Bitcoin transactions, in contrast to just 56,500 on April 26, according to data from Blockchain.com.

This incident coincided with another event on Friday, where Bitcoin transaction fees reached its highest levels in nearly two years, averaging around $9.5 per transaction. Although fees slightly decreased to about $8.8 on Saturday, they were still 500 percent higher compared to the past six months when Bitcoin transactions averaged around $1.4.

Many analysts have attributed this incident to a combination of factors, including congestion in the Bitcoin network, higher transaction fees, and the increasing number of inscriptions (NFT-like assets) created through Ordinals.

Bitcoin network's core developer, Peter Todd, presented a different perspective. He stated that Bitcoin is not encountering congestion but rather high demand. He suggested that Binance should enable users to specify the fee they are willing to pay for withdrawals and process transactions accordingly. Todd mentioned that it costs approximately $5 to ensure inclusion in the next block, which should not be a significant issue for Binance, considering it likely operates with fractional reserves.

Crypto community response

Meanwhile, another data point emerged from Coinglass on May 9, revealing over 183,080 Bitcoin outflows from Binance.

One author from CryptoQuant voiced his concerns on Twitter, questioning whether these actions were intentionally done to create panic. He highlighted the perspective of users, who witnessed the movement of 170k BTC to another address while their ability to withdraw was temporarily blocked. He also asked if there were any responsible managers who would think before taking such irresponsible actions again.

A Bitcoin analyst named Jan Wustenfeld responded to the tweet, expressing his belief that the movements and the temporary withdrawal closure were likely related. He suggested that the funds were moved to address the increasing transaction fees, which led to the temporary measure.

Reflecting on the recent FUD surrounding Binance, a crypto educator named Crypto Busy emphasized the importance of scalability solutions for exchanges and wallets. He stated that Bitcoin itself remains stable but highlighted the need for improved scalability. He concluded with the reminder, "Remember not your keys, not your crypto," emphasising the importance of self-custody in the crypto space.

Conclusion

Given that Binance is the largest crypto exchange in the world, such unusual movements can be worrisome. Similar instances have occurred in the past but Binance CEO Changpeng Zhao (CZ) has dismissed them as saying "business as usual."

However, according to what experts have said, the aforementioned events appear to relate to difficulties in the Bitcoin blockchain rather than concerns at Binance.

So, while the string of incidents may be interconnected, there isn't much evidence to imply that Binance will go bankrupt anytime soon. For the time being, its answers regarding the aforementioned incidents appear to have alleviated concerns that the exchange is in financial danger.

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Binance moves bankrupt Voyager, FTX tokens to innovation zone – CryptoSlate

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Binance bosses mount charm offensive to restore relations with FCA – Yahoo Eurosport UK

(REUTERS)

Binance has mounted a fresh charm offensive in a bid to restore the crypto firms fraught relationship with the UKs finance watchdog.

The companys bosses hailed the Financial Conduct Authoritys reasonable and responsible approach to crypto regulation after they renewed discussions to secure licenses in the wake of its concerns over attempts to gain access to UK customers.

In an interview with the Standard, Chief Strategy Officer Patrick Hillmann said: Our intention and our hope is to be able to get licensed and registered in the UK.

Were having those discussions right now. Building trust over time is going to be really important for us to be able to do that so thats where our focus is.

In 2021, the FCA ordered Binance to stop all regulated activity in the UK and issued a warning to consumers about the site, adding: Be wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products.

The following year, the watchdog expressed its concerns over a deal struck with fintech firm Paysafe, through which its users could deposit sterling into Pay.UK bank accounts.

But despite the FCAs crackdown, Binance bosses signalled their support for the FCAs hardline approach.

Our view is that the FCA wants this industry to grow, they just want to make sure its done in a responsible way, Hillmann said.

They should take their time in doing that and make sure that anyone who is being approved today is going to stand the test of time for when they do have a policy framework in place.

So I do think they are taking a very reasonable, rational approach to the industry right now.

Chief Compliance Officer Noah Perlman said: I think there is a general increased scrutiny in this area given some of the well-publicised issues that this industry has had.

[But] wherever we are we want to be in sync and collaborative with the regulators and make sure were delivering what they need in a transparent way, to ensure that were not operating in grey area.

Story continues

The comments stand in contrast to remarks by Binance co-founder He Yi, who previously slammed the UK as the most stressful country for crypto regulation, while co-founder Changpeng Zhao had warned only novice regulatorswant to be the most strict regulator.

Luckily, I have not met any novice ones this year, he added.

Last year, Binance poached former FCA regulator Steven McWhirter in a bid to strengthen its credentials to gain regulatory approval. So far, though, there has been no indication from the FCA that the firm will be granted further regulatory approval.

Earlier in May, the watchdog teamed up with police to crackdown on illegal crypto ATMs, with warnings by police that the machines were a key component in the facilitation of money laundering and the movement of funds acquired through criminal activity.

The amount of money thats laundered through traditional means far eclipses both in notional terms and as a percentage that thats going on in crypto, Perlman said.

Crypto like anything else has its downsides, but criticising it for being a vehicle for money laundering seems like a pretty lazy analysis.

Binance has grown to become the biggest crypto exchange in the world, with spot trading volumes of more than $7 billion per day.

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Exclusive: Israel seized Binance crypto accounts to ‘thwart’ Islamic … – Reuters

LONDON, May 4 (Reuters) - Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show.

Israel's National Bureau for Counter Terror Financing (NBCTF) on Jan. 12 confiscated two Binance accounts and their contents, one of the documents on the NBCTF's website showed. The seizure was to "thwart the activity" of Islamic State and "impair its ability to further its goals," the NBCTF said on its website.

The NBCTF document, which has not been previously reported, did not give any details on the value of the crypto seized, nor how the accounts were connected to Islamic State.

Binance, the world's largest crypto exchange by trading volumes, did not respond to Reuters' calls and emails seeking comment before this article was published on Thursday.

In a blog post after its publication, Binance said that Reuters was "deliberately leaving out critical facts".

The exchange has been "working closely with international counter-terrorism authorities" on the seizures, Binance said. "With regard to the specific organizations mentioned in the article, it's important to clarify that bad actors don't register accounts under the names of their criminal enterprises," it said.

Israel's defence ministry, which is responsible for the NBCTF, did not respond to Reuters requests for comment.

Under Israeli law, the country's defence minister can order the seizure and confiscation of assets that the ministry deems related to terrorism.

Regulators globally have long called for tighter controls on crypto exchanges to prevent illegal activities, from money laundering to the financing of terrorism. The seizures by Israel's NBCTF highlight how governments are targeting crypto companies in their efforts to prevent illegal activity.

Binance, founded in 2017 by CEO Changpeng Zhao, says on its website it reviews information requests from governments and law enforcement agencies on a case-by-case basis, disclosing information as legally required.

Binance has also said it checks users for connections to terrorism and has "continued to invest tremendous resources to enhance its compliance program," it told U.S. senators in March in response to their requests for information on Binance's regulatory compliance and finances.

The exchange's policies and processes comply with European Union anti-money laundering and counter terrorism-financing requirements, Binance said in its blog on Thursday.

Islamic State emerged in Syria after Iraq's civil war. At its 2014 peak, it controlled a third of Iraq and Syria, before being beaten back. Now forced underground, Islamic State militants continue to wage insurgent attacks.

The U.S. Treasury said in a report last year that Islamic State had received crypto donations it later converted to cash, accessing funds via crypto trading platforms. The Treasury did not specify which platforms and declined to comment for this article.

The owner of the two Islamic State-linked Binance accounts seized by Israel was a 28-year old Palestinian called Osama Abuobayda, the NBCTF document shows. Abuoyada did not respond to requests for comment via email addresses and a phone number listed in the NBCTF document.

In a series of investigations last year, Reuters reported that Binance intentionally kept weak anti-money laundering controls. Since 2017, Binance has processed over $10 billion in payments for criminals and companies seeking to evade U.S. sanctions, Reuters reported. Binance disputed the articles, calling the illicit-fund calculations inaccurate and the descriptions of its compliance controls "outdated."

Two men suspected by Germany of assisting an Islamist gunman who killed four people in Vienna in 2020 used Binance, a letter from German police to the company said. Islamic State later claimed responsibility for the attack.

Binance shared information with the police on the clients, its legal representatives said last year. Reuters could not independently establish this.

Nearly all of the 189 Binance accounts seized by Israel since Dec. 2021 were owned by three Palestinian currency exchange firms, the NBCTF documents showed.

The three are designated by Israel as "terrorist organizations," according to a list on the NBCTF's website, for their alleged involvement in the transfer of funds by Hamas, which runs the Palestinian territory of Gaza.

Last month, the NBCTF said in a document it had seized crypto worth over 500,000 shekels ($137,870) from over 80 Binance accounts belonging to the three Gaza-based companies, Al Mutahadun For Exchange, Dubai Company for Exchange and Al Wefaq Co. For Exchange.

The accounts were the property of "terrorist organizations" or used for a "severe terror crime," the document said, without elaborating. Local media outlets in Israel previously reported the April seizures.

A person with direct knowledge of Al Mutahadun said it did not work "at all" with crypto or cooperate with Hamas. "We are a money exchange company. Israeli allegations are all lies and are foundless," the person said.

Al Mutahadun was designated as a "terrorist organization" in May 2021 by Israel, the NBCTF list shows.

Al Wefaq and Dubai Co. did not respond to Reuters' requests for comment via email and WhatsApp.

Binance did not respond to Reuters' questions on the accounts owned by the three currency exchange companies.

In its blog post, Binance said it works with law enforcement and "leverages information that is only available to them in order to identify individuals operating accounts for illicit organizations."

Hamas does not have any connection with the money exchange companies, spokesperson Hazem Qassem said. The allegations of links to the companies were an attempt by Israel to "justify its economic war against Gaza and its people," Qassem said.

Hamas's armed wing said last week it would stop receiving funds in bitcoin after an increase in "hostile" activity against donors.

Binance, its CEO Zhao and its former compliance chief Samuel Lim are facing civil charges from the U.S. Commodity Futures Trading Commission (CFTC) for "wilful evasion" of U.S. commodities laws.

Zhao has called the charges an "incomplete recitation of the facts."

In its complaint, the CFTC said Lim received information in 2019 on Hamas' transactions at Binance. Lim told a colleague that "terrorists" usually send small sums of funds, as "large sums constitute money laundering," according to the CFTC complaint.

Lim has not publicly responded to the charges. He did not respond to messages sent via Telegram seeking comment for this article.

($1 = 3.6266 shekels)

Reporting by Tom Wilson and Angus Berwick in London; additional reporting by Nidal al-Mughrabi in Gaza. Editing by Elisa Martinuzzi and Jane Merriman

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

Tom covers crypto companies, regulation and markets from London, focusing through 2022 on the Binance crypto exchange. He has worked at Reuters since 2014, with a previous posting to Tokyo where he uncovered abuses in Japans immigration system and won a joint Overseas Press Club award for reporting on the tobacco giant Philip Morris.

Thomson Reuters

Award-winning investigative reporter based in London, focused on financial enterprise journalism. He was previously a correspondent in Spain and Venezuela, where he reported on the Maduro government's efforts to retain power. He was Reuters' Reporter of the Year in 2019 and has won two Overseas Press Club awards.

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Exclusive: Israel seized Binance crypto accounts to 'thwart' Islamic ... - Reuters

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Binance Coins [BNB] bearish breakout shows $300 is the next target – AMBCrypto News

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion.

Bitcoin [BTC] fell below the $27.8k level of support and has retested it as resistance over the past two days. This was accompanied by Binance Coin [BNB] prices diving on the price charts, with further losses anticipated.

Is your portfolio green? Check the Binance Coin Profit Calculator

The bearish breakout beneath the triangle pattern meant that Binance Coin traders can anticipate further losses in the coming days. The psychologically important level of $300 could be tested as support.

Since its mid-April surge to $350, Binance Coin has oscillated between the $320 and $340 areas. The past three weeks of trading showed BNB that it has formed a symmetrical triangle pattern (yellow). Over the past few days, the lower trendline support was broken and retested by the price.

This showed that bears had the upper hand, and it was followed by a quick descent from $324 to $311. The move represented losses of 4.39% within 32 hours. To the south, the $309 and $301 are levels of support that have been important since February.

The RSI was beneath neutral 50 and showed strong downward momentum. Meanwhile, the OBV was inching lower in May, underlining that sellers had a slight edge over the buyers.

On higher timeframes, the $300-$315 region was a strong demand zone. Hence, short-sellers should be wary of sudden short-term rallies. A rising OBV could warn BNB traders of an impending bounce.

On 8 May the Open Interest surged higher by close to $6 million. During that time Binance Coin fell from $324 to $316, which showed speculators were shorting the asset in large numbers.

Realistic or not, heres BNBs market cap in BTCs terms

This reinforced the idea that the breakdown beneath the triangle fed the bearish momentum. Coinglass Liquidation Data showed Binance Coin saw a large number of long positions liquidated on 8 May.

In the past two days, the Open Interest has been flat while prices continued to slump. The trading session in the two hours before the time of writing saw rising OI alongside falling prices again. Hence bears are likely to drive the prices to $308 and $301 within this week.

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Binance Coins [BNB] bearish breakout shows $300 is the next target - AMBCrypto News

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Bitcoin tumbles as Binance pauses withdrawels | Business News … – 69News WFMZ-TV

If you know of local business openings or closings, please notify us here.

-Air Products & Chemicals Inc. plans to invest a half-billion dollars to produce environmentally friendly hydrogen in New York state.

- The Trexlertown Chick-Fil-A plans to add a second drive-thru lane as part of a plan to reduce traffic congestion.

-The Harrisburg-based Mid Penn bank has opened its first full-service branch in the Lehigh Valley in South Whitehall.

-The Allentown Planning Commission put off a decision on a new Popeyes Louisiana Kitchen at the site of the former Nostos Greek restaurant.

-The former Star Crete concrete plant at the intersection of Farmersville Road and Easton Avenue has been sold for $1.58 million, and that may clear the way for a medical office building.

-The local business SuperSets Gym will open its third location in Allentown's South Mall, with no opening date set yet.

- The jewelry boutique Versant will close later this year, but the business will be consolidated at Gary Werkheiser's other location in Saucon Valley Square.

-The DSW Woodmill Commons has moved to Berkshire West, 1101 Woodland Road in Wyomissing.

- Trainer Michael Melendez has opened his new Reading Extreme Boxing Club where PacSun used to operate in the Berkshire Mall.

-Frackville NAPA Auto Parts held a grand opening with the Schuylkill Chamber of Commerce and Frackville Business & Professional Association.

-Fyzical Therapy & Balance Centers in North Manheim Township held a grand opening, in conjunction with the Schuylkill Chamber of Commerce and Pottsville Business Association.

- PDC Machines, amaker of hydrogen compressors, showed off a new plant in Lower Salford.

- Maya Capital Partners has acquired Amwell Valley Self Storage, a265-unit storage business on Route 31 in Ringoes, New Jersey.

-Norwescap is buying the former Sullivan's on the Main restaurant in Phillipsburg to renovate the building and then use it for programs to help educate and feed people.

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Bitcoin tumbles as Binance pauses withdrawels | Business News ... - 69News WFMZ-TV

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