China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border […] Source CryptoX Portal
One of the leaders in the augmented reality industry, Magic Leap, announced on May 30 that it had partnered with Google to enhance the potential of augmented reality technologies. This new collaboration aims to release unique product offerings while further expanding the longstanding relationship between the two companies. Magic Leap’s Optics Expertise Combined With Google’s […] Source CryptoX Portal
Hong Kong’s Securities and Futures Commission (SFC) has published a list of two licensed crypto trading platforms and 17 pending applicants under the new regulations that went into effect on June 1. The financial regulator stresses that operating without a license is a criminal offense and commits to taking appropriate actions against any legal breaches. […] Source CryptoX Portal
Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s view on inflation should be disregarded. Schiff explained that “all indicators point to a reacceleration of […] Source CryptoX Portal
Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), with its name removed from the application filed with 21Shares. 21Shares has submitted an updated application for its Ethereum spot ETF, rebranding the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Ark Invest has also ended its partnership with 21Shares regarding this ETF. The amended Form S-1 shows no changes to the fees. Despite acknowledging Ethereum’s potential and long-term value, a representative from Ark Invest confirmed that the firm…
Meme coin mania has swept the cryptocurrency market, captivating investors with its blend of humor, speculation, and unexpected gains. At the time of writing, the sector boasted a market capitalization of more than $66 billion and a 24-hour trading volume of $5.3 billion. Looking at data from crypto price tracking website CoinGecko, the meme sector’s market cap is markedly higher than that of other popular crypto narratives such as AI, DePIN, and layer-2. Let’s look into the recent trends and forecasts for some of the most talked-about meme coins: Dogecoin…
Last week saw divergent trends among the top cryptocurrencies. While Bitcoin (BTC) suffered declines, with most altcoins following suit, a select few assets posted significant gains, continuing the rallies initiated two weeks before. However, despite some cryptocurrencies recording gains, Bitcoin’s price drop negatively impacted the broader market valuation. Consequently, the global crypto market cap decreased by 1.16% to $2.54 trillion. Here are our top cryptocurrency picks to watch this week following their notable performances last week: NOT, AXS and TIA prices – June 2 | Source: Santiment NOT spikes 304%,…
Today’s edition of the weekly recap: Industry leaders discuss crypto and U.S. regulations at Consensus 2024; Binance founder Changpeng Zhao begins his jail term; fraud schemes and rug pulls rock the industry; plus: a slew of venture capital activity. Consensus 2024 Cathie Wood suggested that Bitcoin (BTC) was irreplaceable at this year’s Consensus, placing it above all other crypto assets. This contrasts Cardano founder Charles Hoskinson’s stance that Bitcoin could be replaced by “another digital gold.” Tom Emmer, Majority Whip of the U.S. House of Reps, slammed the U.S. SEC…
This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal