Stablecoin Market Expands by $4.46 Billion in 12 Days

In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid April’s First 12 Days As of Friday, April 12, 2024, the […] Source CryptoX Portal

Digital Renaissance: Global Market of Artification Brings Rubens and Rembrandt Artworks to Global Blockchain Show

PRESS RELEASE. Dubai, April 12, 2024: The Global Blockchain Show is pleased to announce Global Market of Artification (GMA) as its diamond sponsor at the upcoming two-day conference, set to take place at the Grand Hyatt, Dubai. Artworks by renowned masters like Rubens and Rembrandt will be featured at the event. With the inclusion of […] Source CryptoX Portal

Hong Kong to reportedly approve first Bitcoin, Ethereum ETFs

Hong Kong regulators are poised to authorize the launch of Bitcoin and Ethereum ETFs. According to Bloomberg’s insights, the approval could be announced as early as April 15. If ETFs are approved, Hong Kong will become the first country in Asia to provide functioning Bitcoin and Ethereum ETFs.  An international division of Harvest Fund Management Co. from China and a joint venture between Bosera Asset Management (International) Co. and HashKey Capital are expected to be among the first recipients of approval for the spot crypto ETFs. The approvals are currently pending final checks. Both…

Dfinity Foundation Launches Onchain Accelerator Platform

The Swiss-based not-for-profit organization the Dfinity Foundation has launched “a decentralized, onchain global acceleration platform.” The new accelerator will initially be funded by a $15 million grant from Dfinity and the ICP Asia Alliance. Fostering the Development of the Asian Web3 and AI Ecosystem The Dfinity Foundation, a not-for-profit organization and key contributor to the […] Source CryptoX Portal

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks

Approximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts for nearly half of their wealth. Boomers Least Interested in NFTs According to […] Source CryptoX Portal

Aptos partners with io.net as Cardano and NuggetRush set to surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Aptos teams up with io.net to broaden AI access, enhancing blockchain applications. Meanwhile, analysts foresee a parabolic surge for Cardano, with the gaming token NuggetRush also expected to reach impressive heights. In an exciting move to decentralize access to AI and machine learning capabilities, Aptos (APT) has entered a partnership with io.net. Meanwhile, Dan Gambardello has shared an optimistic prediction that could see Cardano soar to a new ATH,…

GBTC ETF outflows hit record low as market anticipates BTC halving

The Grayscale Bitcoin Trust (GBTC), an exchange-traded fund, has experienced a significant drop in outflows, reaching a record low that was nearly 90% lower than the previous day. The latest shift occurred simultaneously with Bitcoin’s price rebound after the latest United States inflation data was released, which introduced volatility into the market. On April 10, GBTC experienced outflows amounting to $17.5 million, a stark contrast to the $154.9 million recorded on April 9, based on data from Farside. Bitcoin ETF Flow (US$ million) – 2024-04-10 TOTAL NET FLOW: 123.7(Provisional data)…

SEC secretly investigated NFT developer Dapper Labs in 2023

The SEC secretly investigated Dapper Labs in September but closed the case in December 2023. The document, acquired by Fortune and referred to as a “Case Closing Report,” was signed off by David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, on Sep. 29, 2023. The report did not detail the reasons for the SEC’s inquiry into Dapper Labs, its initiation date, or the factors leading to the investigation’s termination. Dapper Labs is behind high-profile NFT projects such as NBA Top Shot and CryptoKitties. The specifics behind the SEC’s probe into…

Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. Costco Might Be Selling $200 Million in Gold Every […] Source CryptoX Portal