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Day: May 8, 2024
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […] Source CryptoX Portal
Crypto Whale Withdraws $75.8 Million in USDC From Coinbase To Invest In Ethereum’s Biggest Presale – Blockchain News, Opinion, TV and Jobs
A crypto whale has withdrawn $75.8 million USDC from Coinbase institutional and invested a significant amount in Ethereum’s biggest presale, ETFSwap (ETFS). An anonymous crypto whale reportedly withdrew a whopping $75.8 million in USDC from their Coinbase Institutional account on Friday night. This move follows the bull market widely predicted to happen in the coming weeks. An in-depth investigation into the event reveals that a large chunk of the money was used to acquire ETFSwap (ETFS) tokens in Ethereum’s biggest presale, making waves in the crypto community. Crypto Whale Withdraws…
Citi, JPMorgan Among U.S. Financial Firms Teaming Up to Explore Sharing Ledger Technology for Multiasset Transactions
The research project, titled Regulated Settlement Network (RSN) proof-of-concept (PoC), will explore the potential of bringing commercial-bank money, wholesale central-bank money and securities such as U.S. Treasuries and investment-grade debt to a common regulated venue, according to a statement shared with CoinDesk. Source
Solana memecoin Catwifhat defies market trend with 40% surge
Bitcoin and other leading cryptocurrencies may be showing bearish trends, but Solana meme coin Catwifhat (CWIF) is bucking that pattern. Catwifhat, a feline-themed counterpart to Soalna memecoin Dogwifhat, is back on an upward trajectory. The coin has surged by 42% today, reaching $0.00000082 following a 60% jump in trading volume. Data from CoinMarketCap reveals that Catwifhat has regained a market capitalization of $30 million. The meteoric ascent of Dogwifhat is still fresh in the minds of investors who are cautious about not fading its feline counterpart. At its peak, Dogwifhat became…
The Crypto Lawsuit State of Play
It seems increasingly unlikely that Congress will actually pass a legislation, which addresses the woes of the crypto industry in the near term. As a result, the industry’s growing strategy of looking for court victories may well be the right one, so to speak – if federal judges, appeals courts, and (I’m guessing) the U.S. Supreme Court start to create case law for companies and regulators to use, that will be one way of securing what the crypto industry calls regulatory clarity. Source
Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows
The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon. However, a recent analysis by market analyst Jonathan Carter suggests that XRP might be on the verge of a significant breakout. XRP Stuck In Symmetrical Triangle Carter’s prediction hinges on a technical chart pattern known as a symmetrical triangle. This pattern typically forms during periods…
Crypto Exchange Bitpanda Extends Partnership With Austrian Bank Raiffeisen, Opens Dubai Office
Bitpanda’s deputy CEO Lukas Konrad says the European Union’s promise of regulatory clarity is translating into adoption: the Raiffeisen partnership, which kicked off several months ago for customers in the capital city Vienna, has seen an adoption rate of 10%, with new investors buying mainly large-cap cryptocurrencies like bitcoin and Ethereum tokens, he said. Source
Decentralized Options Platform Lyra Unveils Tokenized Derivatives Yield for LRT Holders
Users only need to deposit rswETH and eETH in Lyra and mint a yield-bearing derivative token, which then automatically executes a predefined yield-bearing strategy on-chain. In other words, any yield-bearing strategy can be automated and packaged into a composable ERC-20 token, which can be used elsewhere. Source
Indonesian Commodities Regulator Bappebti Forms Committee to Monitor Crypto Industry
The Crypto Asset Committee has representatives from Bappebti, various government ministries, crypto bourses, clearing institutions, associations, academics and relevant practitioners. The committee will analyze industry reports, manage a central database, assess crypto asset risks and have the authority to propose adding or removing assets from the list. Source