Category: CryptoX News

Google policy update greenlights ads for U.S. crypto trusts

Google has updated its advertising policy regarding cryptocurrencies and related products. According to the company statement, as of Jan. 29, 2024, Google will allow advertising of digital asset-related investment products, including exchange-traded funds (ETFs). “In January 2024, Google will update the Cryptocurrencies and related products policy to clarify the scope and requirements for the advertisement of Cryptocurrency Coin Trusts.” Google update In September, Google also allowed advertising for blockchain-based games using non-fungible tokens (NFTs). The company classified as permitted games that allow players to purchase in-game items, particularly virtual clothing for characters…

Ethereum Price Dives To $2,000, Why Dips Remain Attractive

Ethereum price took a major hit like Bitcoin and dropped over $350. ETH tested the $2,000 support and is currently attempting a fresh increase. Ethereum declined over 8% and broke the $2,200 support zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again unless there is a close below the $2,100 support zone. Ethereum Price Took A Major…

Ethereum could witness a price dip as whales take profit

Ethereum (ETH) faces possible sell pressure, one crypto analyst says, citing how it surpassed the $2,300 mark. Whales have been actively taking profit, and this could trigger a massive sell pressure on the world’s second-largest crypto.  Ethereum price volatility  The price of Ethereum (ETH) has been positively impacted by the recent bullish momentum in the global crypto markets, fueled by Bitcoin’s (BTC) surge above the $43,000 price region. ETH maintains a distinctive market position attributed to its extensive developer community, widespread adoption, and pivotal role in decentralized finance (defi) and…

Cardano (ADA) to maintain bullish momentum, analyst says

Crypto analyst Ali Martinez is optimistic about Cardano (ADA) and anticipates “new yearly highs.” The cryptocurrency accomplished a noteworthy feat in decentralized finance (defi), securing a spot in the top 10 platforms by total value locked (TVL) and reaching a recent peak of $343 million. Cardano (ADA) defi ecosystem buzzing  The notable surge in the price of ADA, from $0.4 to $0.5, has injected over $100 million into the ecosystem, bringing the cumulative TVL to $361 million. This growth has propelled Cardano to the ninth position based on TVL, surpassing…

BlackRock amends ETF filings; Do Kwon & more

Today’s weekly recap looks at the U.S. ETF race, as BlackRock and VanEck amend their filings. Also, Montenegro’s authorities are considering extraditing Terra’s founder, while the crypto scene sees sustained regulatory developments. BlackRock, Bitwise, VanEck amend ETF filings As leading asset managers continued to anticipate a decision on a spot Bitcoin ETF, they made changes to align with the U.S. SEC’s demands. Bloomberg ETF analyst James Seyffart revealed on Dec. 4 that BlackRock had amended its filing. Reports further suggested that crypto fund manager Bitwise also updated its application. Seyffart…

Top cryptos to watch this week: Jito, Solana and Avalanche

The global crypto market cap surged 7.9% this week, from $1.52 trillion to $1.64 trillion. While Bitcoin (BTC) largely catalyzed this impressive run with its push above $44,500, assets such as Jito (JTO), Solana (SOL) and Avalanche (AVAX) also made their unique contributions. Jito pushes for $5 on debut Jito, a liquid staking platform built atop the Solana blockchain, released its governance token JTO this week. JTO’s earliest trading price was $2.04 on Dec. 7, per data from CoinMarketCap. JTO price – Dec. 10 | Source: CoinMarketCap The token immediately…

TRON TVL up 91.6%, Pullix could rally after launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CoinGecko data shows that TRON (TRX) is now the second-largest network by total value locked (TVL). Meanwhile, Pullix (PLX) is gaining traction as the first community-backed exchange to provide 24/7 access to markets, including crypto. TRON’s TVL up 91.6% in 2023 TRON is now the second-largest network by TVL, according to CoinGecko’s October 2023 report. The report indicates that TRON’s TVL grew from 12.3% ($4.1 billion) in January 2023…

Shiba Inu and Meme Moguls

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptos priced under $1 are often overlooked by the media. However, there are several options worth considering. Shiba Inu (SHIB) and Meme Moguls (MGLS) are two examples. Will Shiba Inu rise after heightened whale activity? Over the past month, SHIB rose by 20% before briefly retracing in December.  The token’s recovery coincides with an upsurge of large “whale” transactions. In December, over 11.9 trillion SHIB transfers were tracked between…

SEC in hot seat for Ark Investment BTC ETF final deadline

The U.S. Securities and Exchange Commission must either greenlight or turn down Ark Investment’s spot bitcoin (BTC) ETF application by Jan. 10, 2024. The Florida-based asset management firm reportedly has the second-nearest application expiry date, with Grayscale’s final deadline set for Jan. 1, 2024. Ark updated its S-1 filings with the financial watchdog on Dec. 2, 2023, according to recent records. The financial regulator initially postponed the verdict, seeking public opinion on the vulnerabilities of spot BTC ETFs, off the back of rejecting several applications. Gary Gensler and the SEC…

El Hippo and Shiba Inu likely to breakout

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In crypto technical analysis, a price spike followed by a period of consolidation can often lead into a breakout, meaning a sudden, powerful price movement in either direction. While it’s harder to say whether that breakout will be positive or negative, spotting breakout patterns can be more reliable. El Hippo near all all-time high HIPP was recently listed on Bitget, causing an all-time high of $0.0000000137, a 450% increase…