In 2024, the Intergovernmental Fintech Working Group, a consortium of South African regulators that unveiled a position paper on crypto assets in 2021, is expected to “publish additions to include stablecoins as a particular type of crypto asset.” The consortium is also considering the impact of tokenisation on domestic financial markets and is expected to […] Source CryptoX Portal
After a prolonged period of weakness for a year and a half against the Bitcoin price, the Ethereum price is currently showing strength again and could be set for an explosive move, according to several renowned analysts. Ethereum/BTC Chart Is A ‘Stunner’ In an analysis of the ETH/BTC trading pair, renowned financial expert Raoul Pal has brought to light a compelling dual-chart pattern. The formation of both a “mega wedge” and an inner descending channel is setting the stage for what might be a significant breakout for Ethereum when priced…
Last week, Uniswap proposed rewarding UNI token holders who stake and delegate their staked tokens with a portion of the DEX’s fee earnings. UNI is the native governance token of Uniswap. The crypto community cheered the proposal, sending UNI higher by 60%. Several other DeFi tokens, including COMP, AAVE and SUHI, also witnessed an increase in value. Source
Mike Novogratz, CEO of Galaxy Digital, recently shared his insights on Bitcoin’s future and the role of Exchange-Traded Funds (ETFs) in boosting retail demand for digital assets. During an interview with Forbes, Novogratz highlighted the significant impact of traditional finance in driving Bitcoin’s next growth phase. His optimism follows the U.S. Securities and Exchange Commission’s approval of the first U.S.-listed spot bitcoin ETFs, a move he believes could mark the beginning of a new era for institutional and retail engagement in the cryptocurrency sector. ETFs are anticipated to play a…
London, United Kingdom, February 26th, 2024, Chainwire Launching on OpenSea.io 1st March at 9AM PT ElmonX is proud to announced of the upcoming release of ‘The Scream’ by Edvard Munch. ElmonX, the digital collectibles platform, has unveiled a collaboration to launch one unique drop licensed by Bridgeman Images. The Scream, 1895 (litho), Munch, Edvard (1863–1944) / The Art Institute of Chicago, IL, USA / Bridgeman Images. Key Information on Medium: Public Sale: Friday, 1st March 9AM PT Price: 0.075 Eth (Purchase limit 3 per wallet) Editions: 780 (36 Reserved) License:…
Tornado Cash developers have issued a scam warning to cryptocurrency users who made deposits via the IPFS’ gateways between Jan. 1 and Feb. 24. Developers suspect that an exploiter may have “leaked” Tornado Cash deposits during this period to a server under their control. ‘Malicious Javascript Code’ Developers of Tornado Cash, a smart contract-based cryptocurrency […] Source CryptoX Portal
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“The price of bitcoin has fallen below $51K, which is near the bottom of the consolidation range of the last eight days,” Alex Kuptsikevich, FxPro senior market analyst, told CoinDesk in an email. “Without a bounce from here, we could see a deeper correction begin, potentially as low as $47-49K.” Original
In an ever-evolving digital financial landscape, the introduction of regulations in the Crypto-Assets markets known as MiCA represents a pivotal shift for the crypto, fintech, and financial sectors across the European Union. With its aim to enhance transparency, increase security, and foster a safer trading environment for investors, MiCA sets forth a comprehensive framework that […] Source CryptoX Portal
But all of its social media accounts were scraped on Sunday. The team itself was anonymous. Onchain researcher @somaxbt said the apparent stolen funds came from over 750 wallets. Nearly $500,000 worth was later sent to the swapping service ChangeNow, $360,000 to crypto exchange MEXC, and $187,000 to Bybit. Source