Month: July 2024

Cboe Announces 5 Ether ETFs Will Be Listed Tuesday Pending Regulatory Effectiveness

Cboe, the Chicago Board Options Exchange, is preparing to list five new ether exchange-traded funds (ETFs) on Tuesday, pending regulatory effectiveness. These five spot ethereum ETFs are from 21shares, Fidelity, Franklin, Invesco Galaxy, and Vaneck. The U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight spot ether ETFs in May and has […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana-Based Kamala Token Soars as Biden-Linked Meme Coins Tumble After Race Withdrawal

On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be […] Source CryptoX Portal

African Union Approves Continent’s Artificial Intelligence Strategy

The African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to drive Africa’s digital development. These initiatives aim to accelerate digital transformation by leveraging new technologies while ensuring ethical use and minimizing risks. The strategy provides guidance for African countries to harness AI, preserve identity, languages, and cultures, and […] Source CryptoX Portal

WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

Dogwifhat, Helium, Core, and Pepe have emerged as the top gainers in the crypto market over the past week. Each token experienced a price surge exceeding 40%. Dogwifhat Dogwifhat (WIF) is up over 50% for the past seven days, exchanging hands at $2.56 at the time of writing. The crypto assets had a daily trading volume of $311 million, while its market cap had surpassed the 2.55 billion mark per data from CoinMarketCap WIF price chart | Source: CoinMarketCap Despite lacking any clear utility, WIF — the dog-themed meme coin…

KAMA Meme Coin Soars to All-Time High After Joe Biden Drops Out

KAMA hit an all-time high of 2.4 cents in the minutes following President Joe Biden’s announcement that he was dropping his re-election campaign. With a market cap of $24 million, KAMA is now nearly four times as large as the Biden-inspired coin BODEN, once the kingmaker crypto of so-called PolitiFi. BODEN fell by nearly 50% following Biden’s announcement. Source

7 US States Unite to Challenge SEC’s Crypto Overreach

Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General […] Source CryptoX Portal

Crypto Exchange Gemini Settles With IRA Financial Trust Over $36,000,000 Hack in 2022: Report

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Crypto exchange Gemini and self-directed retirement and pension accounts platform IRA Financial Trust (IRA) have reportedly reached an agreement to settle a lawsuit stemming from a 2022 cyberattack. IRA sued Gemini after the crypto exchange suffered a security breach in February 2022. The firm claims that $36 million worth of its customers’ assets in Gemini’s custody were lost due to the cybersecurity incident. In its lawsuit, IRA alleged that the theft should not have happened if Gemini’s claims of having robust security capabilities were true. “Contrary to Gemini’s many representations…