Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has announced a $1.5 million initiative to boost the country’s Artificial Intelligence (AI) development. This fund, supported by Luminate, a global foundation, will be launched on Oct. 7 in Abuja. The move came after the Ministry launched a $61,780 AI Fund in collaboration with Google, […] Source CryptoX Portal
Day: October 5, 2024
4 Arrests, Sanctions Follow Global Operation Against Lockbit Group
Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known […] Source CryptoX Portal
Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report
Este artículo también está disponible en español. According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status. Related Reading The second largest digital asset by reported market cap had a 30-day annualized inflation rate of approximately 0.74%, a level…
Bollinger Bands Indicate XRP Price Surge Ahead Despite SEC Challenges: Expert
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…
New York Man Pleads Guilty in Crypto-Fueled $25M Money Laundering Case
The U.S. Attorney’s Office and the FBI announced on Friday that Yanbing Chen, a 30-year-old from Brooklyn, N.Y., pleaded guilty to his involvement in an international money laundering and drug trafficking conspiracy. The organization, led by Jin Hua Zhang of Staten Island, laundered over $25 million in drug proceeds and illegal funds. Chen delivered $50,000 […] Source CryptoX Portal
FBI Warns of Ichcoin Targeting American Crypto Investors
The Federal Bureau of Investigation (FBI) has issued a warning about Ichcoin, a fraudulent cryptocurrency platform that is deceiving investors across the U.S. by luring them in through social media, then tricking them into wiring large sums of money. Victims are led to believe their investments are growing but are ultimately left with nothing, often […] Source CryptoX Portal
Market Signals Hint At Bitcoin (BTC) Fall To $52,000—Analyst
Este artículo también está disponible en español. The Bitcoin market is grappling with mixed predictions, fueled by both technical analysis and external factors like geopolitics. Political turmoil has hurt Bitcoin before. When tensions grow, cryptocurrency prices fall, unlike gold, market analysts say. Related Reading Bitcoin shot down to about $59,000 as the Middle East’s crisis worsened, and then recovered somewhat, but continuing volatility is probably in the cards. In spite of this uncertainty, CoinCodex’s latest BTC price prediction offers a huge 40% gain in the price of the crypto asset,…
UK Finance Publishes Report on Successful Regulated Liability Network
The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states that UK regulation is versatile enough to support the network’s operations. UK Finance Concludes Experimentation Phase of Regulated […] Source CryptoX Portal
Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
3 cryptocurrencies set for 70x returns before Bitcoin hits $100K
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Savvy investors are targeting these three standout cryptocurrencies with the potential for 70x returns before Bitcoin hits $100K. Astute investors are eyeing three standout cryptocurrencies poised for explosive growth. These digital assets could potentially deliver astounding 70x returns even before Bitcoin reaches the monumental $100K mark. Discover which tokens are set to surge and why they’re generating immense buzz in the crypto sphere. Dive in to find out which…