Category: CryptoX News

Mobile is make-or-break for web3 gaming adoption

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 gaming industry stands at an inflection point. While the promise of decentralized gaming and true digital ownership holds immense potential, the industry’s current focus on browser-based PC gaming represents a glaring missed opportunity—one that threatens to relegate it to the periphery of the gaming world as the mobile gaming juggernaut continues its inexorable rise. If we want web3 gaming to rival the web2 games industry,…

NFT Sales See Week-Over-Week Decline as Market Continues to Cool

Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip for Another Week As another week concludes, the metrics […] Source CryptoX Portal

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated in the recent shocks from the coronavirus pandemic, the geopolitical situation with Russia, and national security concerns. IMF Executive: Nations Examining Reliance on U.S. Dollar […] Source CryptoX Portal

Stan Druckenmiller Slams Bidenomics — Advocates for Less Government to Boost Innovation

Renowned investor Stanley Druckenmiller has criticized Bidenomics, stating that he would give it an F if he was a professor. “Treasury is still acting like we’re in a depression,” he said, adding that “they’ve spent and spent and spent.” Moreover, Druckenmiller stressed: “Now, you’ve got blockchain, you’ve got AI, you’ve got the whole thing. All […] Source CryptoX Portal

What Roger Ver’s last major public speech may tell us about his prosecution

Roger Ver spoke at Token2049 in Dubai last month — weeks prior to his arrest — about his commitment to cryptocurrency freedom as a bulwark against tyranny. Ver’s speech at TOKEN2049 in Dubai showcased his commitment to cryptocurrency as a tool for financial freedom and privacy. While he has been a vocal proponent of privacy and control over personal financial transactions, these same principles are now central to the allegations against him. The DOJ accuses Ver of evading taxes on approximately $240 million earned from Bitcoin despite having renounced his…

Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules

Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee […] Source CryptoX Portal

TON, AKT, AR see 15%+ increases as market steadies 

As cryptocurrency prices recover, three coins in the top 100 boasted price increases of 15% or more. According to CoinMarketCap, the total crypto market cap increased by around 2.4%. At a current valuation of $2.33 trillion, over $55.9 billion flowed in native blockchain assets in the past 24 hours.  Bitcoin (BTC) gained nearly 3%, one of the largest increases in the top 10 virtual currencies after Solana’s (SOL) 7% ascent. Both tokens were outshined by Toncoin (TON), the crypto issued by the Telegram-endorsed chain, The Open Network.  TON’s uptrend resulted…