CryptoX – Cryptocurrency Analysis and News Portal Bittrex filed for bankruptcy protection, but says no customer funds were re-used and that liabilities meet assets Original Source The post Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says appeared first on CryptoX. CryptoX Portal
Users are identified on the network by their Urbit IDs – four-syllable pronounceable names generated by an algorithm from a number, then registered as an NFT on the Ethereum blockchain. (For example, according to the website, the Urbit ID ~dalwel-fadrun ties back to the number 3,509,632,436.) Original
In a record-breaking confiscation, a drug dealer caught with $6.7 million in cryptocurrency and $1.4 million worth of cocaine has lost all his gains. The West Yorkshire financial crime department seized over £4.9 million in cryptocurrency, which has now been converted into fiat and handed over to the authorities. The remaining disparity will remain as a debt against the drug dealer. The 42-year-old Simon Barclay operated a marketplace on the dark web from the town of Huddersfield, where he mailed illegal substances across the UK in exchange for cryptocurrency. Kirklee…
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. The United States consumer price index rose 4.9% annually, which was slightly less than estimates of a 5% increase. The CPI’s monthly rise of 0.4% in April was in line with expectations. Although inflation remains stubbornly higher than the Federal Reserve’s 2% target range, traders will take comfort from the slower pace of increase. That suggests the Fed rate hikes are having…
Tron moved closer to being in the cryptocurrency top 10 on Wednesday, as the token rose for a second straight day. Prices climbed by nearly 2% in today’s session, despite the global market cap moving marginally lower. Polygon, which currently occupies the tenth position, fell to a five-month low. TRON (TRX) TRON (TRX), rose by as much as 2% on Wednesday, as the token moved closer to entering the cryptocurrency top 10. Following a low of $0.06841 on Tuesday, TRX/USD climbed to an intraday peak of $0.07031 earlier in the…
We compared BTC’s returns to passive, market-cap weighted portfolios of the top 10, 25, 50, and 100 tokens over the past five years. None of these passive portfolios were able to outperform BTC. And some of them lost money over this period. BTC is also one of the lowest volatility digital assets, so this outperformance is impressive on a risk-adjusted basis as well. Original
Web3 is a strong alternative to the current centralized internet, and there are associated crypto tokens worth examining. Source
Bitcoin (BTC) ticked higher around the May 10 Wall Street open as United States inflation data beat expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets eye June Fed rate hike pause Data from Cointelegraph Markets Pro and TradingView showed BTC/USD responding instantly to the April Consumer Price Index (CPI) print, up 1.7% on the day. The pair saw local highs of $28,328 on Bitstamp before consolidating immediately above the $28,000 mark. CPI had come in at 4.9% year-on-year, a shade below the expected 5.0%. This gave a clear signal…
Even so, it remains the dominant centralized exchange in the industry. Source
On May 10, nonfungible token (NFT) financialization protocol ParaSpace published several alleged irregularities tying its CEO, founder and chief technology officer Yubo Ruan to the mismanagement of funds equaling 2,909 Ether (ETH) recovered through a white hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: “Manufacturing claims with the intent to take over and force me to step down as CEO. This is highly problematic and the legal team has taken action.“ Dear ParaSpace Community, TL;DR: There have been no malicious acts from the team. All funds…