Category: CryptoX News

Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle

The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration […] Source CryptoX Portal

Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations

The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns of 1.6-2.8% for 120 days on investments between $50 and $49,999, they lured […] Source CryptoX Portal

Disbarred California attorney pleads guilty to crypto Ponzi scheme

David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and his partners misled investors with promises of high profits and the use of AI trading bots. According to a press release from the Office of Public Affairs, Kagel and his partners falsely claimed that Kagel, acting as the promoter’s attorney, held $11 million in Bitcoin (BTC) in escrow to secure…

TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains

The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork, including one leveraging Bitcoin’s Runes protocol for minting. Trump-Themed Meme […] Source CryptoX Portal

Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions

Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available on Solana Blockchain Paypal Holdings Inc. (Nasdaq: PYPL) announced at […] Source CryptoX Portal

BlockDAG’s dashboard leads transparency ranking as the company boasts $36m presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BlockDAG excels in transparency with its upgraded dashboard, surpassing Uniswap price predictions. The Internet Computer Protocol (ICP) provides a solution to high transaction costs with its reverse crypto gas fee model, shifting these costs from users to developers. In parallel, Uniswap price predictions look promising as UNI sees a rise within a week, rekindling interest in the DeFi sector. At the same time, BlockDAG has updated its dashboard, unveiling…

Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions

Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. Mastercard Launches Crypto Credential, Aiming for […] Source CryptoX Portal

Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after […] Source CryptoX Portal

Raboo rises while AAVE and SNX gain momentum this week

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Raboo surges as Aave and Synthetix gain momentum this week, highlighting the growing interest in defi and memecoins. Decentralized finance is the best blockchain invention since cryptocurrency itself. Aave and Synthetix are defi coin winners this week, with the Aave price bumping against 9.66% gains for the week and Synthetix making it just shy of 2.44%. Holding defi coins is a great way to enter the lucrative defi market.…

US Bitcoin ETFs Achieve $45 Million Inflows, Blackrock’s IBIT Still Trails GBTC in BTC Holdings

U.S. spot bitcoin exchange-traded funds (ETFs) saw another day of inflows on Tuesday, marking the 11th consecutive day of gains. Despite reports suggesting Blackrock’s IBIT holds more bitcoin than Grayscale’s GBTC, IBIT’s official website shows the fund still needs 322.28 BTC to surpass GBTC. While the web portal was updated on May 28, there may […] Source BitcoincryptoexchangeExchanges CryptoX Portal