Category: CryptoX News

Bitcoin Price Resurgence: Ready for Another Upswing?

Bitcoin price stayed above the $68,500 support zone. BTC is now consolidating and might aim for a fresh increase above the $70,150 resistance. Bitcoin found support near $68,500 and started a decent recovery wave. The price is trading below $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline again if there is no move above the $70,150 resistance. Bitcoin Price Faces Resistance Bitcoin…

30 Countries Seek to Join BRICS, Russian Ambassador to China Says

Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman […] Source CryptoX Portal

6 US Banks Face Moody’s Downgrade

Moody’s has initiated a review for potential downgrades of six U.S. regional banks due to their considerable exposure to commercial real estate (CRE) loans. Moody’s Corporation, established in 1909 and recognized as one of the “Big Three” credit rating agencies along with Standard & Poor’s (S&P) and Fitch Ratings, specializes in providing credit ratings, research, […] Source CryptoX Portal

Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages

A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate a surge in tokens featuring AI-related keywords such as GPT, Openai and Bard. Approximately 4,500 […] Source CryptoX Portal

Andrew Tate Burns Over $10 Million Received in Meme Coin TOPG

Known lifestyle influencer and former kickboxer Andrew Tate has burned TOPG tokens valued at over $10 million after announcing it on social media. Tate received over 580 million TOPG tokens as a donation from an unnamed party, and announced that he would burn it so “everyone else makes money.” After burning the tokens, Tate celebrated […] Source CryptoX Portal

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […] Source CryptoX Portal

Top cryptocurrencies to watch this week: TON, ADA, SWFTC

Bitcoin (BTC) briefly retested the $72,000 mark last week before retracing some of its gains. Meanwhile, some of the top cryptocurrencies achieved modest gains. The global cryptocurrency market capitalization rose modestly by $10 million, closing the week at $2.54 trillion. Here are our top cryptocurrencies to watch this week, based on their notable performances last week: ADA, TON and SWFTC prices – June 9 | Source: Santiment TON hits new ATH Toncoin (TON) exhibited noteworthy price action last week, starting the week strong after a massive 8.6% increase on June…

The crypto industry is going forward and onward amidst mixed signals

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The past few months for the crypto industry have been a whirlwind. We started the year strong with the approval of Bitcoin and ETH ETFs, an outlook on another defi summer, and regulatory clarification from Asian markets. Yet, it has not been all roses. We have seen commentators disappointed in the dwindling prospect of the ETH ETF approval in the West and regulatory actions that touch upon…

Application-specific blockchains are the future of decentralization

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is a cutting-edge technology in today’s digital world. It secures online ledgers for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) across industries. Its global market is projected to soar from $5.88 billion in 2021 to $1,314.03 billion by 2030 at an 82.4% compound annual growth rate (CAGR). Blockchain technology market size | Source: Straits Research Enter application-specific blockchains. These platforms excel in performance, scalability, security, cost-efficiency,…