Month: July 2024

Ethereum Leaps 5%, Crosses $3,300: Bulls Command The Market

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Ethereum price started a major increase above the $3,250 resistance zone. ETH even surpassed $3,300 and aims for more upsides in the near term. Ethereum is gaining pace above the $3,250 level. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,270 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise above the $3,320 and $3,350 resistance levels. Ethereum Price Regains Strength Ethereum price started a steady increase above…

Ultra Conservatism: A Hindrance to Africa’s Economic Progress and Development

Many African countries have adopted an ultra-conservative approach when dealing with revolutionary innovations. However, this has largely left residents behind and stifled talent. As a result, many countries are no closer to attaining ambitious goals. Fear of the unknown has prevented leaders from embracing seemingly risky but innovative solutions. For Africa to truly thrive, there […] Source CryptoX Portal

Rising Bullish Momentum, Will Prices Go Higher?

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Bitcoin price started a strong increase and broke the $62,000 resistance level. BTC is showing positive signs and might rise toward the $63,200 level. Bitcoin gained bullish momentum above the $60,500 resistance zone. The price is trading above $61,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it breaks the $62,500 support. Bitcoin Price Regains Strength Bitcoin price started…

Philippines Charges 2 Russians in $6.2 Million XRP Theft

The Philippine Department of Justice (DOJ) has charged two Russian nationals with stealing PHP340 million ($6.2 million) worth of XRP cryptocurrency from a local crypto exchange. The suspects allegedly hacked Coins.ph’s system to commit the theft. The DOJ emphasized the importance of vigilance against cybercrime despite ongoing efforts to combat these threats. Philippine DOJ Charges […] Source CryptoX Portal

Russia Considers Allowing Digital Currency Trading on the Country’s Largest Exchanges

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The Russian Ministry of Finance has proposed permitting digital currency trading for a select group of qualified investors on licensed exchanges like the Moscow Exchange and St. Petersburg Exchange. Anatoly Aksakov, head of the State Duma Financial Market Committee, believes Russia’s largest exchanges are prepared to handle cryptocurrency transactions. He emphasized that once legal conditions […] Source

SEC Enforcement Director Calls for Stronger Crypto Regulation Citing Rising Investor Harm

Gurbir S. Grewal, Director of the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement, addressed crypto regulation at the William & Mary Business Law Review’s Symposium earlier this month. He stressed the need to enforce federal securities laws in the evolving crypto market. Grewal noted that the principles-based definition of securities from the 1946 […] Source BitcoincryptoexchangeExchanges CryptoX Portal

US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says

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U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become more concerning as sanctions intensify. Yellen: We Are Very Attentive to the […] Source

Memecoins, Galaxy Fox to benefit from Solana’s $1M bug bounty

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Galaxy Fox, a play-to-earn game, opts for Ethereum’s robust smart contracts platform, citing its 100% uptime and global transaction processing. TDLR: Solana aims to fix reliability challenges Firedancer bug bounty goes live with a $1 million reward Galaxy Fox and memecoins to benefit from infrastructure upgrade Public blockchains like Ethereum, Bitcoin, and Litecoin all have one thing in common: They are highly reliable. After launch, they continue to maintain…