Day: May 25, 2024

Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins

Seamus Rocca, CEO of Xapo, had a candid conversation with Cryptox.trade’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […] Source CryptoX Portal

Solana to Hit $1,000? Analyst Makes Bullish Call Despite Downturn

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Solana (SOL) defied a slight market dip today, maintaining key support levels and sparking renewed optimism among investors. The altcoin boasts a healthy 24-hour trading volume of $6.50 billion, solidifying its position among the top cryptocurrencies. Market dominance for SOL sits at 3.04%. Related Reading Analyst Bullish On Solana, Predicts Meteoric Rise Prominent crypto analyst Trader Tardigrade isn’t shying away from bold predictions. In a recent analysis, Tardigrade expressed a highly optimistic view of Solana’s future price trajectory. According to the analyst, SOL, currently trading at $170, has successfully broken…

Bittensor price soars 13% as Grayscale Trust rumors circulate

Decentralized AI project Bittensor has seen its native token, TAO, gain 13% in the past day, seemingly driven by an unconfirmed rumor that digital asset manager Grayscale plans to register a new trust tracking the token. At the time of writing, Bittensor’s price has climbed 13% to $483.10, marking a 21% gain compared to this time last week, according to CoinMarkeCap data. TAO 24-hour price chart | Source: CoinMarketCap The latest feat makes TAO the best-performing asset in the top 100 on CoinGecko, surpassing ETH meme coin darling PepeCoin. PEPE, along…

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving

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Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […] Original

Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows

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Ethereum exchange-traded funds (ETF) have been the talk of the town – and rightly so – after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows. This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks. Bitcoin…

Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Phantom Wallet popular on Google Play, surpasses Facebook

Phantom Wallet, a widely used app for accessing Solana’s web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store’s U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, Phantom Wallet saw an estimated 770,000 downloads in April, according to data from appfigures, placing it ahead of social media giant Facebook and OpenAI’s language model ChatGPT. Source: appfigures.com Phantom Wallet is a self-custodial crypto wallet originally designed to hold only Solana (SOL) tokens. However, it has since been expanded to support Bitcoin (BTC),…

Here Are The Next Key Levels To Watch

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Over some days, the price of Ethereum has been in a consolidation zone, moving between $3,949 and $3,627. This is a result of the rally that happened a few days ago which led to the crypto asset’s price making over 10% movement on the upside.  When prices are consolidating, it can only be considered that it is building momentum to either break above the consolidation zone or below it. At this point, we cannot tell the next action the price will take. In this article, we will see the possible…

Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets

Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 (self-hosted […] Source CryptoX Portal