Category: CryptoX News

Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M

Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […] Source CryptoX Portal

Litecoin eyes $90 mark, analyst predicts inflows in Monero and Akash contender

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While is making waves in the Web3 crowdfunding space , positioning itself as a contender for Akash and Monero. Thanks to heightened whale activity, Litecoin (LTC) has been witnessing notable bullish momentum that saw it breach the psychological threshold of $80.00, with the $90.00 price level in sight. By eliminating the urge for intermediaries, Borroe Finance (ROE) is emerging as a perfect Akash and Monero contender that is changing…

Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency

Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $7.7 million were seized, and bank accounts holding approximately $10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into Malaysia Authorities in Malaysia […] Source CryptoX Portal

Mad Money’s Jim Cramer Endorses Ether as ‘Great Store of Value’ Amid US Dollar Concerns

Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions

UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […] Source CryptoX Portal

Blockchain startups raise $258m in a week

During the week of May 19 to May 25, blockchain startups collectively raised over $258 million, spearheaded by decentralized social protocol Farcaster’s $150 million series A round. According to Crypto Fundraising, four startups raised $179.2 million in Series A rounds in the last seven days, while 12 startups got $24.1 million via unknown rounds. Crypto fundraising May 19 – 25 | Source: Crypto Fundraising Five startups gained $21.3 million from seed rounds; two locked in $20 million combined from strategic rounds. Another two startups earned $9 million from private rounds,…

Ethereum outlook bullish after ETF approval despite retreat

Days after hitting a month-high of $3,943, the price of Ethereum (ETH) has begun to correct.  The initial rise followed the U.S. Securities and Exchange Commission (SEC) approving applications from NASDAQ and the NYSE to list Ethereum exchange-traded funds.  Although ETF issuers still need final approval before their products can launch, the SEC’s May 23 decision marked a significant and unexpected victory for firms that had made applications and the broader crypto industry.  Until Monday, many had anticipated regulators would reject the filings. Nine issuers, including VanEck, ARK Investments/21Shares, and…

Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins

Seamus Rocca, CEO of Xapo, had a candid conversation with Cryptox.trade’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […] Source CryptoX Portal

Bittensor price soars 13% as Grayscale Trust rumors circulate

Decentralized AI project Bittensor has seen its native token, TAO, gain 13% in the past day, seemingly driven by an unconfirmed rumor that digital asset manager Grayscale plans to register a new trust tracking the token. At the time of writing, Bittensor’s price has climbed 13% to $483.10, marking a 21% gain compared to this time last week, according to CoinMarkeCap data. TAO 24-hour price chart | Source: CoinMarketCap The latest feat makes TAO the best-performing asset in the top 100 on CoinGecko, surpassing ETH meme coin darling PepeCoin. PEPE, along…