A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical Assets A British woman, found in possession of bitcoins currently valued at over $4.3 […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Leading decentralized streaming platform DeeStream (DST) sees a surge in interest amid the crypto market’s corrections. Analysts predict a potential 100x growth trajectory, eclipsing the performance of major cryptocurrencies like Cardano (ADA). Cardano (ADA) is widely touted for its bullish trajectory, as represented by its remarkable growth in March even as the rest of the market faces a correction as of press time. However, while Cardano might be good…
Argentines are increasingly turning to online side jobs to have an additional crypto-based income. According to the local press, students who have lower incomes and are affected by the adverse conditions of the national economy, are the ones who are commonly getting into these jobs with foreign companies or platforms that pay in crypto. Argentines […] Source CryptoX Portal
Fantom’s native token FTM is up over 190% in just four weeks, with most anticipating the Sonic upgrade. The surge has spotlighted FTM as the top-performing non-meme cryptocurrency among the top 100 digital assets by market value and elevated its price from $0.40 to $1.16. This is the highest the token has been since April 2022, with its market capitalization leaping to $3.29 billion, positioning it as the 44th largest digital asset globally, according to CoinGecko data. In contrast, Bitcoin (BTC), the longstanding market leader, has seen a 28% increase…
In line with the decline in Bitcoin’s price, the spot Bitcoin ETF market has appeared rather gloomy in recent days. According to data from analytics firm BitMEX Research, these BTC ETFs have recorded a negative netflow for the last four trading sessions. This situation has been marked by large levels of Grayscale’s GBTC outflows and the record low inflows for the other ETFs, mainly the market leaders BlackRock’s IBIT and Fidelity’s FBTC. However, amidst these persistent declining netflows, Ki Young Ju, a prominent analyst and Chief Executive Officer at Cryptoquant, has…
PRESS RELEASE. GAIMIN (www.gaimin.io), the world’s leader in delivering decentralised data processing power through gaimin.cloud (www.gaimin.cloud), and io.net (www.io.net) one of the world’s largest Decentralized Physical Infrastructure Network (DePIN) for AI compute have agreed to investigate how the synergistic technologies from both companies can be integrated to deliver the processing capability to support the growing […] Source CryptoX Portal
During a March 22 speech at a Columbia Law School conference, U.S. SEC Chairman Gary Gensler pointed to the general need for disclosure in financial markets. Gensler focused on the need for disclosures related to executive compensation, climate and cyber risks, as the SEC voted earlier this month to adopt rules requiring companies to disclose climate-related risks. In the chairman’s view, disclosure ensures more efficient markets and protects investors. “Some participants in crypto securities markets seek to avoid these registration requirements.” Gary Gensler, SEC Chair Gensler also explained that the…
Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid a broader market downturn, Jupiter’s token (JUP) surged over 130% in a bullish month for the crypto market. Solana network overtakes Ethereum in trading volume, while Galaxy Fox (GFOX) nears the $5 million mark despite market volatility. In the last month, the crypto market has been on a euphoric bull market rampage, during which Jupiter’s native token has surged by over 130%. At the same time, the Solana…
The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. The LTHs comprise one of the two main divisions of the BTC user base based on holding time, with…