Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology. Leveraging […] Source CryptoX Portal
Bitcoin (BTC) has experienced a price slowdown, having recently recovered above $60,000. This tepid price movement is believed to be due to a couple of factors, including the reduced demand for the Spot Bitcoin ETFs. Spot Bitcoin ETFs Have Lost Their Spark The Spot Bitcoin ETFs recorded billions of dollars in net inflows in the first three months of launch. This contributed to the significant rally that Bitcoin recorded right around when the funds were approved, with the flagship crypto rising to a new all-time high (ATH) in March. However,…
About 14% of people in the online survey of registered voters own crypto right now, they said, and many more have a high awareness of the emerging financial technology. But fewer than one in three voters surveyed – 31% – said they have positive views on digital assets, according to the snapshot of responses from people in Michigan, Ohio, Montana, Pennsylvania and Arizona. Source
QCP said in April it was setting up shop in Abu Dhabi in collaboration with Further Ventures Source
As it gears up for its token launch, Galaxis, a Singapore-based Web3 platform, has raised $10 million from funders including Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures and ENS co-founder Nick Johnson, it announced Tuesday. Source
PRESS RELEASE. Dover, Delaware, USA, May 7th, 2024 – KonnektVPN is a company that is going to modify the VPN industry, offering a pivotal shift from conventional VPN models. The inception of KonnektVPN signifies a bold departure from traditional approaches, prioritizing user privacy, security, and personalized experiences through the integration of cutting-edge artificial intelligence (AI) […] Source CryptoX Portal
The landscape of cryptocurrency is ever-evolving, marked by constant innovation and adaptation. In September 2022, Ethereum, one of the leading players in the crypto sphere, made a groundbreaking move by transitioning from proof of work (PoW) to proof of stake (PoS) with The Merge. This transition promised not only enhanced scalability and efficiency but also a significant reduction in energy consumption, a pivotal step towards a more sustainable future. However, amidst the celebrations of Ethereum’s technological leap, a new challenge emerged: the high barrier to entry for individual stakers. Traditional…
Sui, the year-old Layer-1 blockchain darling, is facing a harsh reality check. While celebrating its first anniversary on May 3rd, 2034, the network finds itself embroiled in a controversy surrounding its tokenomics, the design and distribution of its cryptocurrency, SUI. SUI Supply: Cause for Concern? The fire was ignited by Justin Bons, founder of Cyber Capital, who tweeted concerns about the SUI token supply being overly concentrated in the hands of the founders and early contributors. Bons pointed to a potential 80% allocation – 160 million out of a total…
Ethereum (ETH) liquidations surpass Bitcoin’s (BTC) for the second time over the past seven days. According to data provided by Coinglass, global crypto liquidations reached $195.11 million in the past 24 hours. ETH is currently sitting on top with a total of $64.75 million in liquidations — $57.18 million longs and $7.57 million shorts. Bitcoin comes in second with $46.74 million in liquidations over the past day — $32.85 million longs and $13.89 million shorts. Per the data, the dominating long-position liquidations surface as the global cryptocurrency market sees correction…
“We are in an AI super cycle right now,” one market observer said. Source