Day: February 22, 2024

XRP and Bitcoin Cash disappoints; traders explore KangaMoon

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Under the current market conditions, the presale of KangaMoon (KANG) is drawing investors. Its unique business plan and growth trajectory have placed it in a prime position to lead the crypto market. On the other hand, projects like XRP and Bitcoin Cash (BCH) have failed to register gains. This article will investigate these cryptocurrencies to discover why KANG is the new market king. Ripple expands Ripple is continuing to…

Privacy Coins Under Attack – Not Down for the Count Yet

The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, […] Source CryptoX Portal

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

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Apecoin (APE) is experiencing a rollercoaster ride in 2024. After plummeting to an all-time low of $1.01 in October 2023, the Bored Ape Yacht Club governance token has experienced a dramatic turnaround, buoyed by strategic whale buying and a recent partnership with the Arbitrum network. However, with a 13% pullback in the past two days and lingering profit-taking concerns, questions remain about whether the bulls can defend key support levels and push the price back towards its former glory. At the time of writing, APE was flashing green, trading at…

French Football Team PSG to Become First to Run a Blockchain Validator

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Solana phone pre-orders hit 100k, GFOX presale nearly sold out 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. It is a painful time to be sidelined in stablecoin and a great time to be a crypto owner. Institutional appetite is roaring for exposure. Bitcoin (BTC) ETF inflows remain constant, and even crypto-native hardware is experiencing and enjoying product market fit.  Solana’s (SOL) phone pre-orders hit 100K as new memecoins flourish. The Galaxy Fox (GFOX) presale is nearly sold out, and mounting demand for crypto ownership across the board implies…

Top 6 Altcoins That Will Benefit From Ethereum’s Dencun Upgrade

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As the Ethereum ecosystem braces for the much-anticipated Dencun upgrade, renowned crypto analyst Miles Deutscher provides an in-depth look at the altcoins poised for significant growth. Scheduled for March 13, the Dencun upgrade is a critical hard fork aimed at enhancing Ethereum’s scalability, security, and usability. Deutscher’s insights reveal how specific Layer 2 (L2) solutions are uniquely positioned to benefit from the upgrade’s introduction of Proto-Danksharding and other key enhancements. Deutscher explains, “The Dencun upgrade, especially with EIP-4844, represents a paradigm shift in how Ethereum will handle transactions. By drastically…

Citrea secures $2.7m seed investment to develop ZK-rollup for Bitcoin

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Citrea, a project focused on integrating zero-knowledge rollups with Bitcoin, has raised $2.7 million in a seed round led by Galaxy Ventures, part of Galaxy Digital. The investment marks a significant step towards enhancing Bitcoin’s capability to support a wider range of applications, notably in decentralized finance (defi) and non-fungible tokens (NFTs). Chainway Labs, the blockchain infrastructure company behind Citrea, announced on Feb. 2 that the funds raised would be instrumental in bringing the project to market. Citrea is distinguished as the first rollup technology to expand Bitcoin blockspace using…

Texas Bitcoin mining firm sues SEC for overreach on crypto

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A Texas crypto firm and industry group sued the SEC, disputing its authority over exchange-traded crypto, aiming to classify them as non-securities. In a legal maneuver against the U.S. Securities and Exchange Commission (SEC), a Texas-based crypto mining firm called Lejilex and the Crypto Freedom Alliance of Texas (CFAT) initiated legal action, Reuters reports, citing the lawsuit. Both are challenging the SEC’s purported authority in the crypto domain, contending that the regulatory body lacks a definitive legal mandate. Lejilex aims to establish Legit.Exchange, a crypto trading platform, intending to list…