Category: CryptoX News

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

Analyst Forecasts BTC to Reach $1 Million in 10 Years, Envisions It as Future Reserve Currency

Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s followers envisions a Central Bank Digital Currency (CBDC), not bitcoin, replacing the […] Source CryptoX Portal

Uniswap founder urges democrats to immediately change Biden’s approach to crypto

As Republicans “smell blood in the water,” Uniswap founder Hayden Adams says top-level officials close to Biden should be pushing for “immediate reversal on his approach to crypto.” Crypto seems to be becoming a key focus for Donald Trump‘s presidential campaign this fall, as Uniswap founder Hayden Adams says Republicans “are turning hard towards crypto.” In an X post on May 13, Adams, the founder of the decentralized cryptocurrency exchange, said president Joe Biden‘s camp is miscalculating priorities by “thinking crypto will be irrelevant in 2024 election.” Hillary campaigning in…

Mark Cuban Blasts SEC’s Crypto Regulation, Advocates for Japan’s Approach

Billionaire investor and “Shark Tank” star, Mark Cuban, has taken to social media to voice his concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to cryptocurrency regulation. In a series of posts, Cuban criticizes the SEC for stifling innovation and causing harm to businesses in the crypto industry. He contrasts the U.S. regulatory […] Source CryptoX Portal

Ethereum Price Takes Hit and Turns At Risk of Fresh Lows

Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the $2,550 support in the near term. Ethereum struggled to clear the $2,950 resistance and started a fresh decline. The price is trading below $2,920 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a move below the $2,850 support. Ethereum Price Extends Losses Ethereum price failed…

Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi

Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […] Source CryptoX Portal

Philippine Central Bank Approves Peso-Pegged Stablecoin for Faster Remittances

The Bangko Sentral ng Pilipinas, the central bank of the Philippines, has approved PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances. Crypto exchange Coins.ph, the stablecoin issuer, plans to attract 20,000 to 30,000 users in the first month. The PHPC will be the first peso-backed stablecoin available for retail use, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US

Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting: “You’re gonna see your regional bank fail … every week, maybe two a […] Source CryptoX Portal

Robert Kiyosaki Warns of US Dollar Collapse if BRICS Crypto Happens

Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country, leading to hyperinflation and the eventual collapse of the […] Source CryptoX Portal

Turkey Prepares New Crypto Law to Align With International Standards

Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of […] Source CryptoX Portal