Day: March 27, 2024

Investors eye XRP, LUNC, and NuggetRush as Bitcoin halving nears

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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. The NuggetRush (NUGX) presale is attracting web3 investors, as the Bitcoin halving event rapidly approaches. NuggetRush combines gaming rewards with tangible assets like gold, gaining traction and raising over $3.3 million in funding. Ripple focuses on cross-border payments, while Terra Classic offers stable global payments, both positioned for growth amid the Bitcoin halving. The crypto community awaits the upcoming Bitcoin halving, just a few weeks away. With this event…

Litecoin ETF Rumors Fuel 10% Surge, Institutions Hint At Interest

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Rumors regarding a potential spot Litecoin (LTC) Exchange-Traded Fund (ETF) have sparked a significant price surge, with the digital asset gaining 10% amid speculation of institutional interest. Fox Business journalist Eleanor Terrett, through a post on X (formerly Twitter), unveiled insights suggesting growing institutional intrigue towards a Litecoin ETF. Terrett shared, “SCOOP: Hearing rumblings on the institutional level about possible interest in a Litecoin ETF. The logic is that because of LTC functional similarities to BTC, the SEC may be more inclined to approve it, possibly even more so than…

Russia Discusses Testing Digital Ruble for Budget Payments

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted use of these funds. Russian Digital Ruble […] Source CryptoX Portal

Grayscale CLO anticipates SEC approval for spot Ether ETFs by May

Grayscale’s chief legal officer (CLO), Craig Salm, expects the SEC to approve spot Ether (ETH) exchange-traded funds (ETFs) by May 2024. According to Salm, the optimism stems from the SEC’s meetings with Grayscale prior to the approval of Bitcoin ETFs. The meetings covered critical operational aspects such as creation/redemption procedures, cash versus in-kind contributions, authorized participants (APs), liquidity providers (LPs), and custody issues. Based on these interactions, Salm asserts that the case for Ethereum ETFs is quite similar to that of Bitcoin ETFs.  His argument mainly centered on the fact…

Alchemy Pay and Polyhedra Network Announce Upcoming Collaboration for Seamless Ramp Solution

PRESS RELEASE. Alchemy Pay has announced that it has entered into a partnership with Polyhedra Network, a Web3 ZK infrastructure provider that aims to revolutionize interoperability and scalability through Zero-knowledge (ZK) proof technology. Through this collaboration, Alchemy Pay will integrate Polyhedra Network’s ZK infrastructure to improve the interoperability, security, and user experience of its global […] Source CryptoX Portal

0G Raises $35 Million to Fuel AI Integration in Web3 Ecosystem With Modular Innovation

On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […] Source CryptoX Portal

BNB Price Could Resume Upside Unless The Bulls Fail At $610

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BNB price is attempting a fresh increase from the $500 zone. The price could gain bullish momentum if it clears the $588 and $610 resistance levels. BNB price started a fresh increase above the $520 and $540 levels. The price is now trading above $575 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $580 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could attempt a fresh rally if it clears the $610 resistance…