Category: CryptoX News

Uniswap surges nearly 10% amid bullish momentum

Uniswap (UNI) has seen a notable price increase of over 9.8% in the past 24 hours, breaking above $11 as it defied broader market conditions.  This surge in UNI’s price has pushed its market cap to $8.74 billion, placing it at 17th among the largest cryptocurrencies by market cap. According to data from CoinGecko, the current UNI price represents a 17.1% increase over the last seven days and a 63.6% jump across 30 days.  Uniswap 24-hour price chart | Source: CoinGecko While Bitcoin (BTC) only made marginal gains of about…

Ethereum ETFs could go live in July, analyst says

Bloomberg analyst Eric Balchunas expects spot Ether (ETH)  exchange-traded funds (ETFs) to begin trading in the U.S. in July. Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2. The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as “pretty light” without major issues.  He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared…

XRP Whale Goes On Shopping Spree! 27 Million Coins Snapped

A recent buying spree by a deep-pocketed XRP investor has sent ripples (pun intended) through the cryptocurrency community. This whale, with a seemingly bottomless appetite for XRP, has scooped up nearly 27 million coins, sparking speculation of a potential price surge. However, the broader market sentiment remains murky, leaving investors to navigate a sea of conflicting signals. Related Reading XRP Whales Bet Big On Coin’s Future The on-chain transaction tracker, Whale Alert, reported a significant purchase by a known XRP whale. This investor, identified by a cryptic wallet address, gobbled…

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued 

The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […] Source CryptoX Portal

Chinese Gang Arrested for Exploiting Digital Yuan

In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […] Source CryptoX Portal

56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […] Source CryptoX Portal

Market rebounds as BNB, ARB turn bullish, KangaMoon nears $8m in presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market rebounds, BNB and Arbitrum show strong performance while KangaMoon nears its $8 million presale target, attracting investor attention. The crypto market is gradually regaining strength as more tokens join the bullish train. Some of the altcoins that have hit the peak in recent weeks are BNB and Arbitrum with investors alerted for possible investment. Meanwhile, KangaMoon is moving closer to the presale fund of $8…

BIS Survey: 94% of Central Banks Exploring Digital Currency

The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […] Source CryptoX Portal

TON addresses in profit hits 100%

Toncoin (TON)’s In/Out of the Money data shows all the addresses currently holding the Telegram-related token are in profit. According to data from IntoTheBlock, 100% of addresses with a TON balance are profitable as price hovers near $8.00. Toncoin’s price rose as Bitcoin continued to hover just above $67,000, while Ethereum price ranged near $3,500, making the altcoin’s surge an impressive one compared to the top two by market cap. 100% TON addresses in profit as price hits an all-time high Toncoin price rose more than 7% on Friday to…