Month: July 2024

Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired about asset valuation and token conversion to USDT. Wazirx Addresses Key Questions Following Cyberattack On Saturday, Indian crypto exchange Wazirx addressed […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy 

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At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […] Original

Technical Indicators Show Strong Bitcoin Bullishness

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Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price actions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin. Related Reading The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency’s price. Price Momentum Flips Positive Crypto analyst Ali Martinez highlighted an…

Cantor Fitzgerald CEO unveils $2b Bitcoin financing initiative 

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Cantor Fitzgerald, a major U.S. financial services firm, has announced the launch of a Bitcoin financing business with an initial $2 billion in funding. The firm’s CEO and chairman Howard Lutnick announced the move on July 27 at the Bitcoin 2024 conference in Nashville, Tennessee. Cantor — a major global financial player with $13.2 billion in assets under management — is expanding its support for Bitcoin (BTC). According to the company’s press release, also published on July 27, the finance giant will begin with an initial $2 billion in financing and…

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports

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Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest […] Original

Solana Confirms Breakout With Bullish Pennant

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Solana continues to showcase a positive price movement as it outperforms the rest of the market. This recent surge in value allowed Solana to surpass Binance Coin (BNB) in market capitalization rankings last week, marking a significant milestone for the digital asset. Related Reading Delving deeper into its performance, technical analysis suggests that Solana’s bullish trend is likely to persist into the coming week. Indicators point to sustained momentum, which could see its price continue to climb. Captain Faibik stands out with a particularly bold prediction. The crypto analyst forecasted…

Kiyosaki Says BTC and Gold Rise if Trump Wins, Spot ETH ETFs Launch, and More — Week in Review

Robert Kiyosaki forecasts significant rises in asset prices, including gold, silver, and bitcoin by August 2025 if Donald Trump is re-elected. The U.S. SEC has approved spot ethereum ETFs, with Blackrock’s Ishares ethereum Trust ETF launching on Nasdaq on July 23, 2024. In Nigeria, the central bank sold dollars to Bureaux de Change to stabilize […] Source CryptoX Portal

US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote

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At Bitcoin 2024, Senator Cynthia Lummis proposed a more detailed plan for a strategic Bitcoin reserve to bolster the U.S. dollar and cement America’s global financial leadership. After days of anticipation, United States Senator Cynthia Lummis finally announced her proposed legislation to establish a strategic Bitcoin (BTC) reserve. Lummis stated that the proposal is aimed at bolstering the U.S. dollar against inflation and cementing America’s leadership in the global financial system.  The announcement, made yesterday, July 27, the last day of Bitcoin 2024 in Nashville, came amid a wave of…

Mythical Games VP: Blockchain Gaming Boom Built on Stronger Base

Mythical Games’ VP of Blockchain Tech, Cameron Thacker, said he believes the current interest in blockchain gaming is more sustainable than the last cycle. He attributes this to a shift in focus, with projects now prioritizing “engaging experiences over frothy marketing and questionable tokenomics.” Gaming Giants Boost Blockchain Gaming Industry In an interview with Cryptox.trade […] Source CryptoX Portal