The Swiss National Bank (SNB) cut its key interest rate to 0% on June 19, 2025, reinstating a zero interest rate policy (ZIRP) effective immediately. SNB Joins Zero-Rate Club After Sixth Consecutive Cut The Swiss National Bank (SNB) lowered its policy rate by 0.25 percentage points to 0%, effective June 20, 2025. This decision marks […] Source CryptoX Portal
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum is trading within a tight range that has held for several weeks, forming the kind of compression structure that often leads to a significant breakout. Despite heightened volatility in global markets driven by escalating tensions in the Middle…
Project Eleven has raised $6 million to protect bitcoin from the existential threat of quantum computing, as fears mount that the network’s core cryptography could one day be rendered obsolete. The round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures alongside founding investors Nebular and Formation, according to a release. “As quantum computing capabilities advance, the threat to systems like Bitcoin is no longer theoretical, it’s imminent,” Alex Pruden, CEO of Project Eleven, said in a release. “This funding allows us to stay ahead of…
OKX has partnered with Ethereum software firm Consensys to launch its decentralized exchange (DEX) aggregator on MetaMask, offering users faster trade execution and reduced slippage. The collaboration integrates OKX’s DEX API with MetaMask, giving the wallet’s user base access to liquidity from over 500 DEXs across 25 blockchains, the exchange said in a news release shared with Cryptox. “MetaMask’s ambitious multichain strategy toward becoming a universal wallet for the Web3 ecosystem aligns with the connected blockchain ecosystem we’re helping to build,” said Jeff Ren, founder of OKX Ventures. Ren added…
Key takeaways Australia is one of the world’s most crypto-aware nations, with over 31% of citizens owning digital assets and nearly 1,800 crypto ATMs across the country. Crypto is currently taxed as property in Australia, triggering capital gains tax (CGT) on disposal and income tax on mining, staking or payments. A May 2025 court ruling may challenge the status quo, suggesting that Bitcoin could be classified as “Australian currency,” potentially exempting it from CGT. The ATO has not changed its policy yet, but the outcome of the appeal could set…
President Trump slams Fed Chair Jerome Powell for refusing to cut interest rates, leaving America’s monetary policy unchanged again. As a result, Bitcoin has seen minimal price movement ever since. In a recent post shared to Trump Media & Technology Group-owned social media platform Truth Social, President Donald Trump did not hold back from harshly criticizing Fed Chairman Jerome Powell’s unwavering stance towards interest rates. “Too Late—Powell is the WORST. A real dummy, who’s costing America $Billions!” wrote Trump in his post. Not only that, he also included a link…
The tiny Pacific nation of Nauru has passed legislation to establish a dedicated virtual asset regulatory authority covering crypto, digital banking and Web3 innovation, aiming to become a crypto hub. Nauru is a western Pacific Island sovereign state in Micronesia, northeast of Australia, with an estimated area of 21 square kilometers and a population of roughly 12,500 people. It’s the third-smallest country in the world and the world’s smallest island nation. The bill legislates the Command Ridge Virtual Asset Authority (CRVAA), which will be tasked with overseeing a licensing scheme…
After breaching Iran’s largest crypto exchange, the pro-Israel hacker group Gonjeshke Darande claimed to have destroyed more than $90 million in digital assets taken from Nobitex’s wallets. In a June 18 update via X, the group said it had burned the funds across multiple blockchains using “vanity addresses” that contain no recoverable private keys, effectively rendering the assets permanently inaccessible. This follows the high-profile exploit of Nobitex, in which over $90 million in Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other tokens were drained from hot wallets. The attackers had…
U.S. futures markets are poised for a breakthrough as Coinbase spearheads the regulated use of USDC stablecoin as collateral, signaling a seismic leap toward mainstream financial integration. Regulated Futures Markets Open Gates to USDC Collateral With Coinbase Leading the Charge Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced on June 18 that its subsidiary Coinbase Derivatives LLC […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum price started a fresh decline below the $2,620 zone. ETH is now consolidating losses and remains at risk of more losses below $2,500. Ethereum started a fresh decline below the $2,600 level. The price is trading below $2,540…