Category: CryptoX News

TRON revenue hits new ATH, price falls despite market-wide rally

TRON’s daily revenue reached a new all-time high while its price witnessed a quick correction after touching its 40-month-high. On Aug. 21, TRON (TRX) reached $0.165, a level not seen since April 2021. The rally was majorly triggered by the SunPump meme coin hype as investors jumped on the Pump.fun competitor. However, TRX quickly faced increased selling pressure as both long-term and short-term holders aimed at profit-taking. TRON declined 5% in the past 24 hours and is trading at $0.151 at the time of writing. TRX price and RSI –…

German Authority Seizes 13 Unauthorized Crypto ATMs

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five […] Source CryptoX Portal

Lack of Cohesion Hinders AI Adoption in Africa, NEPAD Boss Says

Nardos Bekele, CEO of NEPAD, believes AI can significantly benefit Africa by addressing various challenges and accelerating progress towards Agenda 2063. Although AI offers potential improvements in sectors like health, education, and agriculture, challenges such as fragmented digital infrastructure and ethical concerns hinder its adoption. Africa’s Agenda 2063 According to the head of an African […] Source CryptoX Portal

Discover the top cloud mining sites of 2024 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover the top 6 cloud mining platforms of 2024 and choose secure, user-friendly options to start generating passive income from cryptocurrency mining. In 2024, cloud mining is evolving, offering unprecedented access to profitability for both seasoned investors and curious newcomers.  For all the newcomers out there: Cloud mining allows individuals to mine cryptocurrencies by renting mining power from companies that own and operate the required equipment. Instead of investing…

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy […] Source CryptoX Portal

Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool

The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the two organizations list virtual asset transactions as one of the tools available […] Source CryptoX Portal

PlayDoge’s $6M+ Presale Has Only 5 Days Left – Analysts are Expecting it to Explode

Crypto investors are buzzing about PlayDoge (PLAY) as its presale enters the final stretch. The project has already managed to raise over $6 million in funding. And with only five days left before the presale closes, investors are rushing to secure PLAY tokens before they hit exchanges. Last Call for PlayDoge’s Red-Hot Presale PlayDoge’s presale […] Source CryptoX Portal

PayPal stock on the rise as PYUSD market cap nears $1b

PayPal stock has moved into a bull market, rising by over 26% from its lowest point this month.  PayPal USD stablecoin’s market cap PayPal USD (PYUSD), the company’s stablecoin launched in August 2023, has been performing well. Data shows that its market cap has jumped sharply in the past few weeks, crossing the psychological level of $907 million on Aug. 21. This marks significant growth for a stablecoin whose market cap started the year at $264 million.  Stablecoin issuers like PayPal make money in two main ways: interest rates and…