Category: CryptoX News

XRP bulls aim for $0.5 amid market uncertainty

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ripple trades sideways, Rebel Satoshi Arcade aims to change crypto gaming, reigniting classic pay-to-play and free-to-play experiences. Ripple (XRP) has been trading sideways for a couple of months, and it has been unable to reach its all-time high like Bitcoin. The situation may get worse if Ripple loses its next critical support level. The daily XRP/USDT chart shows that the price has been between $0.50 and $0.55 since…

Ethiopia Approves CBDC Launch Draft Proclamation

The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […] Source CryptoX Portal

As UK elections loom, is crypto a priority for Labour?

The Conservatives, who have introduced a slew of pro-crypto policies in recent years, are expected to lose hundreds of seats when UK elections takes place on July 4. Crypto has taken a prominent role in the U.S. presidential campaign — with Donald Trump cozying up to Bitcoiners. But over in Britain, where voters head to the polls in a little over two weeks’ time, it’s fair to say digital assets haven’t been too much of a focus for the candidates. You could argue that it should be. The latest data…

investor profitability stays high despite market turbulence

Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down 3.34% in the past week due to increased selloffs. Meanwhile, Ethereum has set sail on a recovery path, currently trading for $3,534 as it gains by a meager 0.34% over the last seven days Amid the current market conditions, Glassnode captured the sustained market optimism in its latest weekly report.…

Ethereum Price Struggle: Reaching Resistance, Facing Challenges

Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone. Ethereum is consolidating gains below the $3,650 resistance zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance near $3,585 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,600 and $3,650 resistance levels. Ethereum Price Consolidates Ethereum price started a decent increase from…

Unlicensed Crypto Business Leads to Indictments in Utah

Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […] Source CryptoX Portal

Here’s why Toncoin price is outperforming rivals

Toncoin (TON) price has emerged as the best-performing layer-1 token this year. It has soared by over 220%, outperforming other big tokens like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA). The first three have jumped by 55%, 80%, 40%, respectively while ADA has slumped by 30%. In a note, blockchain analyst maartunn explained two reasons why TON has outperformed most layer-1 tokens. First, he noted that the TON transfer volume had gone through the roof, ranging between $5 billion and $10 billion.  In comparison, Bitcoin’s daily transfer…

Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments

Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. ‘Younger Groups Hold More Crypto and More Alternative Investments’ Bank of America released a report titled “2024 Bank of […] Source CryptoX Portal

Zilliqa Partners With Gravity Team to Boost Liquidity in Emerging Markets

PRESS RELEASE. Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is thrilled to announce its strategic partnership with Gravity Team, a leading algorithmic market maker and liquidity provider in the cryptocurrency space. This collaboration is poised to significantly enhance liquidity within the Zilliqa ecosystem, particularly in global and emerging markets, providing investors with increased access […] Source CryptoX Portal

Circle CEO Jeremy Allaire says he’s ‘insanely bullish’ on crypto

Circle co-founder and CEO Jeremy Allaire says that he’s “insanely bullish” in his belief that crypto is in the very early stages of adoption. Circle is the company behind the world’s second-largest stablecoin by market cap USDC. Allaire, who entered the crypto space in the early days of Bitcoin, says that in all the years he has been in the crypto space, this is the time he is most optimistic about its future. “I have been building Circle for over 11 years, and at no time have I been more…