Month: March 2024

Toncoin (TON) Hits New Yearly Peaks, Surging 60% On Buzz Surrounding Potential Telegram IPO

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Toncoin (TON) has experienced a notable uptrend in recent weeks, driven by significant news and announcements surrounding the popular social media platform Telegram, the latest being a potential initial public offering (IPO).  Telegram User Base Surpasses 900 Million According to his latest appearance, aside from his constant announcements through his channel on the social media platform, Pavel Durov, the CEO of Telegram, shared that the messaging app has amassed over 900 million users, up from 500 million in 2021, and is steadily approaching profitability.  In an interview with the Financial…

Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady

The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. Persistent Inflation Pressures Fed, Leaving […] Source CryptoX Portal

U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

The cryptocurrencies – which includes nearly 300,000 (USDC), 1.5 million (USDT), 102,000 (TRX), 3,000 (SOL), and 14,000 (ADA) – were seized from two Binance accounts in January, following an investigation last spring into a “pig butchering” scam targeting a Massachusetts resident. The victim of the scam was tricked into forking over $400,000 to the scammers, who transferred the funds to other wallets that investigators then connected to funds from the other 36 victims. Source

Lif3 partners with BitGo to Enhance Blockchain Security for Institutional DeFi Assets – Blockchain News, Opinion, TV and Jobs

Road Town, British Virgin Islands, March 13th, 2024, Chainwire Lif3 (LIF3/USD)(LIF3/USDt), the revolutionary multi-chain DeFi Layer-1 ecosystem that operates on Ethereum, Polygon, BNB Chain, and Fantom, is thrilled to announce its strategic partnership with BitGo, the industry’s leading secure qualified institutional custodian. This collaboration marks a significant leap forward in securing and democratizing access to blockchain technologies for users worldwide as Lif3.com leverages BitGo’s pioneering, multi-signature technology for custodial transactions, cold storage of Lif3 tokens, LSHARE tokens, and L3USD. “We are pleased to support Lif3’s aim of increasing access to…

Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year

The CEO of Jan3 and Bitcoiner, Samson Mow, is still standing by his prediction that Bitcoin could hit $1 million sooner rather than later. During a recent interview, he explained why he is sticking to his ambitious price prediction.  Why Bitcoin Would Hit $1 Million This Year Mow mentioned during an interview with ‘What Bitcoin Did’ Host Peter McCormack that BTC will hit $1 million this year, if not this year, in 2025. He further explained that BTC’s current setup is well structured for this parabolic run. For one, he…

Solana Meme Coin WIF Flips FLOKI After 35% Price Gain

WIF also toppled floki (FLOKI) as the fourth largest meme token by market capitalization, reaching a $2.6 billion market value months after its launch, Messari data shows. WIF is currently the 52th most valuable token among all cryptocurrencies, while the largest meme coin DOGE is the 10th with a 24 billion market cap. Source

Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

Gemini Earn was first available to retail customers in February 2021, offering as much as 8% interest on crypto tokens invested through the program. According to the SEC’s complaint, Gemini Earn had approximately 340,000 retail users and $900 million in assets on its platform when, in November 2022, Genesis halted withdrawals, citing “withdrawal requests which have exceeded our current liquidity.” Source

Cardano (ADA) Price Rally Is Far From Over, Here’s Why

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Cardano (ADA) has notably trailed behind that of its contemporaries in the ongoing crypto bull run. While Bitcoin has surged to record new all-time highs, alongside a suite of other altcoins, ADA remains approximately 77% beneath its peak historical value. However, emerging technical patterns and market dynamics suggest that this trend could be poised for a reversal, with ADA potentially gearing up to narrow the gap. Cardano Bull Flag Formation: An In-Depth Look Central to this analysis is the bull flag pattern in the ADA/USD weekly chart. The bull flag…