Month: May 2024

Bitcoin, KangaMoon, and Lido DAO Reach New Highs, Outpacing Inflation

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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. Amid the Ethereum ETF rally, Bitcoin and Lido DAO surged with double-digit gains, while KangaMoon is geared to outperform its competitors. The crypto market is bullish, as Bitcoin, Lido DAO, and broader altcoins have grown remarkably in the past few days. The overall positive market sentiments are attributed to the rising wave of Ethereum ETF news. Amid the market surge, KangaMoon is emerging as the next rival for established…

Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency

Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […] Source CryptoX Portal

Trump Pledges to Free Silk Road Creator Ross Ulbricht If Re-Elected

Before Trump’s presidency ended in January 2021, he granted clemency to 143 individuals – pardoning 73, including Ripple board member Ken Kurson, and commuting the sentences of 70 others. He did not offer clemency to Ulbricht, Wikileaks founder Julian Assange or Edward Snowden, who released details about a U.S. surveillance program to American journalist Glenn Greenwald. Source

Major Crypto Exchanges Announce Over 1,200 Job Openings

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Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 job openings. Binance leads this hiring surge with 460 roles, followed by Okx with 414, Crypto.com with 335, and Coinbase with 224. This recruitment drive is fueled by market optimism, particularly surrounding bitcoin and ethereum exchange-traded funds (ETFs), […] Source

Why Did CORE Price Surge 20% While The Crypto Market Dumped?

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CORE, the native token of the layer-1 network CoreChain, has surged over 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader crypto market with the prices of other major cap tokens, including Ethereum (ETH) dumping.  Related Reading Why CORE Soared By Over 20% CORE’s price rallied by over 20% following crypto exchange Coinbase’s decision to add the crypto token to its listing ‘Roadmap.’ That means the foremost US crypto exchange plans to list CORE at some point, although it hasn’t…

Mad Money’s Jim Cramer Endorses Ether as ‘Great Store of Value’ Amid US Dollar Concerns

Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions

UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […] Source CryptoX Portal

Blockchain startups raise $258m in a week

During the week of May 19 to May 25, blockchain startups collectively raised over $258 million, spearheaded by decentralized social protocol Farcaster’s $150 million series A round. According to Crypto Fundraising, four startups raised $179.2 million in Series A rounds in the last seven days, while 12 startups got $24.1 million via unknown rounds. Crypto fundraising May 19 – 25 | Source: Crypto Fundraising Five startups gained $21.3 million from seed rounds; two locked in $20 million combined from strategic rounds. Another two startups earned $9 million from private rounds,…