Category: CryptoX News

Crypto investment product net inflows see $130m rebound

Weekly digital asset investment products broke a five-week outflow streak as crypto traders in the U.S. and Hong Kong deployed more capital than withdrawals.  According to CoinShares, $130 million flowed into these crypto vehicles, with the U.S. comprising the lion’s share last week. Dwindling Grayscale outflows cushioned activity in the region as GBTC marked its lowest weekly withdrawals in five months at $171 million.  Hong Kong Bitcoin (BTC) ETFs amassed $19 million in inflows but paled compared to Wall Street offerings, which raked $135 million across some 11 products. Analysts noted…

Tether CEO and Ripple CEO Clash Over USDT — Brad Garlinghouse Says ‘I Wasn’t Attacking Tether’

Tether CEO Paolo Ardoino has responded to remarks made by Ripple CEO Brad Garlinghouse, branding him as an “uninformed CEO” and accusing him of fostering uncertainty about stablecoin USDT amid a U.S. Securities and Exchange Commission (SEC) investigation into his company. In reply, Garlinghouse clarified that his comments were not an attack on Tether but […] Source CryptoX Portal

Steven Nerayoff Calls out Joseph Lubin for Damaging Crypto Market

Steven Nerayoff, a former adviser to the Ethereum network, has publicly denounced Joseph Lubin, co-founder of the Ethereum Project and the founder of Consensys, and other “bad actors” for their detrimental actions in the cryptocurrency market. In a tweet, Nerayoff clarifies that his dispute is not with Ethereum as a whole, but specifically with Lubin […] Source CryptoX Portal

Bipartisan Senators probe FinCEN crypto mixer lawsuits

A pair of Senators wrote a letter to the Department of Justice, challenging FinCEN’s “unprecedented interpretation” of rules used to sue crypto mixers. Senators Cynthia Lummis (R-Wyo.) and Ron Wyden (D-Ore.) petitioned U.S. Attorney General Merrick Garland and the Department of Justice (DOJ) regarding an ongoing crackdown on crypto mixers allegedly operating as illegal money transmitters.  Sen. Wyden stressed that holding non-custodial crypto asset software developers liable for supposed criminal activity raised may violate the First Amendment and upset years of lawful precedent.  The issue stems from the Financial Crimes…

Belarusian President Claims Decline in US Dollar and Euro Use Globally

Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed the declining relevance of these currencies to the controversy surrounding […] Source CryptoX Portal

Notcoin suspends NOT deposits on crypto exchanges

The Notcoin team announced that starting May 14, users will no longer be able to send their tokens to crypto exchanges. The post on X said the next time the Notcoin (NOT) withdrawal option will be available is after the coin’s listing on May 16. ⚡️ Notcoin direct deposits to exchanges will be closed tomorrow (May 14th). The next time withdrawal options (including on-chain claim) will be opened after the listing. Please make sure you have initiated the transfer to exchange if you want to start trading from the first……

This Week’s Biggest Crypto Gainers and Losers: Cheelee Rises as Pendle Falls

On Monday, the cryptocurrency market maintained steady growth, with its valuation reaching $2.3 trillion—an increase of 1.72% over the last 24 hours. Over the past week, six cryptocurrencies have posted double-digit gains, while around two dozen have experienced significant losses. Crypto Asset Market Sees Varied Performance This week saw a mixed performance within the crypto […] Source CryptoX Portal

Rain crypto exchange reportedly hacked for $15m

Blockchain sleuth ZachXBT suspects a hack on the Rain cryptocurrency exchange. In a blog post, the researcher shared his speculations, suggesting that Rain was likely hacked for $14.8 million on April 29. Rain is a cryptocurrency exchange and custodian that serves the Middle East, Turkey, and Pakistan. ZachXBT claims that suspicious outflows were detected from their Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Ripple (XRP) wallets. ZachXBT shared two addresses where the stolen funds are likely located to prove the assumptions. However, ZachXBT stressed that, at the moment, Rain has not…

What is it and how it works

What is the Strike app and what role does it have to play in the world of payment apps? The remittance industry is currently dominated by giants like Western Union, Euronet, Moneygram, and chiefly PayPal, which has a market share of just over 50%. While the big four continue to reign supreme, emerging blockchain-based money transfer firms may start eclipsing smaller players in the industry, thanks to cheaper charges and faster transactions.  What is the Strike app? Strike is a blockchain-based mobile payments app. It is the brainchild of the…

Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces flare gas-powered bitcoin mining site in Argentina. Argentine Authorities Crack Down on $1.25 Million […] Source BitcoincryptoexchangeExchanges CryptoX Portal