A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use of the digital euro as very important or […] Source CryptoX Portal
Category: CryptoX News
Bybit Report Shows Growing Popularity of Meme Coins Among Institutional and Retail Investors
A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold off” their meme coins when market sentiment soured. ‘We Saw a Large […] Source CryptoX Portal
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay a pecuniary penalty. The Federal Court judge criticized […] Source CryptoX Portal
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its […] Source CryptoX Portal
Ethereum (ETH) Set For ‘Glorious Year,’ Analyst Eyes $10K Target
Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the token’s price from the $3,000 price range to the $3,900 mark. Related Reading After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range soon. ETH’s “Glorious Year” Depends On This Level…
BODEN Token Up Over 10%, TREMP Gains 5% After Kraken Lists Solana PoliFi Duo
CryptoX – Cryptocurrency Analysis and News Portal BODEN appears to be the winner as first exchange open to U.S. residents lists the election-themed tokens. Source The post BODEN Token Up Over 10%, TREMP Gains 5% After Kraken Lists Solana PoliFi Duo appeared first on CryptoX. CryptoX Portal
Bitfarm’s stock is unjustifiably discounted, sees 75% upside
Analysts from H.C. Wainright believe Bitfarm’s growth strategy is promising, and the stock could have a 75% upside. In a recent market report, the analysts expressed optimism about Bitfarms‘ potential to expand its market share and lower production costs in 2024. They cited Bitfarm’s actions to embark on a fleet upgrade and growth strategy and anticipate a reduction in electricity costs. Bitfarms is a worldwide, fully integrated Bitcoin mining company with 12 mining facilities worldwide. Despite potential short-term volatility due to macro and geopolitical concerns, the H.C. Wainright analysts are…
Deutsche Bank and Bitpanda Collaborate Amid Crypto Banking Challenges
Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly banks. Deutsche Bank will issue local bank account numbers to Bitpanda users in Germany, facilitating fiat currency […] Source CryptoX Portal
Donald Trump stands with crypto as top defi coins rally
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid Donald Trump’s support for crypto, Bitcoin, Ethereum, Avalanche, Solana, and KangaMoon are gaining momentum as optimism grows in the market. In the midst of Donald Trump’s announcement that if he wins the 2024 US presidential election, he will support the future of crypto, crypto enthusiasts maintain optimism while Bitcoin, Ethereum, Avalanche, Solana and one of the new defi coins KangaMoon gain momentum. Let us find out more. KangaMoon:…
Thailand approves first spot BTC ETF for ultra high net-worth individuals
The Thailand Securities and Exchange Commission (SEC) approved the first spot Bitcoin (BTC) exchange-traded fund (ETF) in the country, making it available only to ultra high net-worth individuals. According to the Thailand-based daily newspaper Bangkok Post, the country’s SEC gave the green light to the local asset management company, One Asset Management (ONEAM), to launch its spot BTC ETF. The investment product is called the “ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI).” However, the report says that the ETF will not be available for…