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
Category: CryptoX News
South African Central Bank Opts Against Publishing CBDC Study Findings
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in […] Source CryptoX Portal
Why is crypto up today? Full analysis
The crypto market cap is now at $2.57 trillion after ranging between $2.17 trillion and $2.7 trillion since March. Many macroeconomic factors are at play here. So why are crypto prices rising? Why are crypto prices rising? The crypto market cap, the sum total of value in the market, has been hitting a range not seen since late 2021 over the last few months. Today, Bitcoin (BTC) is trading at around $68,390 after rising 7% in the last week. This marks a 312% increase since the lows seen in 2022…
Nomura, Laser Digital and GMO Internet Partner to Explore the Issuance of Stablecoins in Japan
Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of a platform to offer stablecoin issuance services to other companies. Nomura, […] Source CryptoX Portal
French Hill discusses Ether ETF, payments stablecoin bill
In an interview on Monday, U.S. Representative French Hill emphasized legislative efforts to enable the private sector to lead the development of a dollar-backed payment stablecoin and predicted quicker market entry for spot Ethereum ETFs compared to Bitcoin ETFs. U.S. Representative French Hill, chair of the subcommittee on digital assets, discussed future stablecoin-related policy in the United States during a CNBC “Squawkbox” interview. “We are still working on a payments stablecoin bill that will let the private sector here lead… on a dollar-backed payment stablecoin,” Hill said. Hill mentioned that…
US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme
A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury […] Source CryptoX Portal
Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency
Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Dogwifhat and Bonk Prices Pull Back But Sealana Presale Hits $3M Mark
It’s been another volatile 24 hours in the meme coin market. Dogwifhat (WIF) and Bonk (BONK) have cooled off from their recent rallies as traders opted to take profits. Meanwhile, the new seal-themed token Sealana (SEAL) is in the spotlight after passing the $3 million milestone in its limited-time presale phase. WIF Takes a Breather, […] Source CryptoX Portal
JasmyCoin price fluctuates as new crypto contenders emerge
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. JasmyCoin captures investor interest with its use case and performance, while new contenders like Mollars attract attention with their potential. Amid rapidly changing market dynamics, the crypto space has experienced a surge of green over the last 24 hours. Surprisingly, it’s not just memecoins and the usual altcoins seeing gains. JasmyCoin, otherwise known as Japan’s Bitcoin, is capturing investor interest with its unique use case and bewildering market stats.…
‘Spraying’ Naira Notes Causes Depreciation, Warns Nigerian Anti-Graft Body
The Economic and Financial Crimes Commission (EFCC) has issued a warning against the practice of spraying naira notes at social events, emphasizing that it diminishes the dignity of the currency. In a recent post on its official X page, the Nigerian anti-graft agency urged residents to respect the naira and avoid ridiculing it. The EFCC […] Source CryptoX Portal