Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards. Transak and Privado ID Team Up to Simplify KYC According to the […] Source CryptoX Portal
He was just 25 when he got the president job at Jump Crypto. Now, in his late 20s, “I plan to stay engaged with the portfolio companies I’ve been most involved with and hopefully take some time to process the unbelievably eventful few years we’ve had,” he said on X Monday. Source
Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period. Stablecoin giant Tether announced its decision to shutter USDT support on Algorand and EOS within the next 12 months, citing a pivot to more community-centric networks. An official notice on Monday said the firm plans to focus more on striking a balance between maintainability, usage, and community interest. “Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape,” the firm noted…
In the last 24 hours, the Bitcoin (BTC) price fell by up to 4.8%, plummeting to a new low of $60,601 after trading above $64,000 just a day earlier. This decline can be attributed to a combination of factors, including developments from the Mt. Gox saga, a significant liquidation of long positions, and ongoing miner capitulation. #1 Mt. Gox News Shakes Market Confidence The sudden and steep decline from $62,900 to $60,601 in Bitcoin’s price coincided closely with a new announcement from the trustees of the defunct Bitcoin exchange, Mt.…
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply. Source
Riot, which became Bitfarms’ largest shareholder and owns 14.9% of the company, called for a special meeting to remove Bitfarms’ Chairman and interim CEO Nicolas Bonta, director Andrés Finkielsztain and anyone who might fill the vacancy created by the resignation of co-founder Emiliano Grodzki. Riot will also look to remove any additional director appointed by the current board of Bitfarms after today. Original
In a Monday morning CNBC interview, Anthony Pompliano discussed how Bitcoin’s current pullback follows bullish trends, and he discussed how AI and Bitcoin will work in tandem over the next decade. Pompliano highlighted decade-long bullish trends for both AI and Bitcoin, noting their potential to create and store wealth. “I’m going to go into the office and buy some more,” Pompliano said about his desire to buy more Bitcoin (BTC) at cheaper prices. Bitcoin down 15% When asked about the current slump in Bitcoin’s price, Pompliano remained optimistic about the…
Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3% this week. Cryptocurrency Meltdown: Broad Losses […] Source CryptoX Portal
Bitcoin price was under heavy selling pressure on Monday, continuing a sell-off that started on June 7th when it peaked at $72,000. BTC tested the $60,000 level, meaning it has now lost more than 15% of its value over the past few weeks. Bitcoin’s weakness triggered a major crash among altcoins, with tokens like Turbo, Solana, and Cardano falling more than 20%. The bullish case for Bitcoin A sense of pessimism and fear has spread in the crypto industry as the fear and greed index moved to 49, down from…
Tether, the issuer of the widely-used stablecoin USD₮ (USDT), has announced a strategic transition to prioritize community-driven blockchain support. According to tether.io, the company will discontinue support for the EOS and Algorand implementations. Assessing Transport Layers In a bid to maintain a robust and innovative blockchain ecosystem, Tether continually evaluates current transport layers. The company aims to balance maintainability, usage, and community interest in its blockchain selections. A critical part of this evaluation involves assessing the security architecture of potential networks to ensure safety, usability,…