Category: CryptoX News

Nigeria Denies Binance CEO’s Claims of $150M Bribe Demand; Criticizes Attempt to Discredit Government

The Nigerian government has dismissed allegations from Binance CEO Richard Teng that representatives of the cryptocurrency exchange were solicited for a $150 million bribe by members of the House Committee on Financial Crimes (HCFC). A special assistant to the Nigerian Information Minister characterized Teng’s bribery claim as part of a coordinated international campaign by Binance […] Source BitcoincryptoexchangeExchanges CryptoX Portal

X Launches ‘AI Audience’ for Advertisers, Promises Precision in Targeting

The business account for the social media platform formerly known as Twitter, now referred to as ‘X,’ announced a new artificial intelligence (AI)-enhanced feature for advertisers called “AI Audience.” This feature enables advertisers to define their target audience in brief descriptions, after which X’s AI systems will quickly generate a relevant user pool for that […] Source CryptoX Portal

AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend

Turbo (TURBO), an AI-generated memecoin, has surged 40% in the past 24 hours amid a trending status in the United States. At the time of writing, TURBO was trading at $0.001105, marking over 100% rise over the past week. The token’s market capitalization has crossed $70 million, reflecting a 40% rise, while its 24-hour trading volume hit $37 million, up 160%. TURBO 24-hour price chart | Source: CoinMarketCap Turbo Token, the brainchild of digital artist Rhett Mankind, emerged as an experiment in cryptocurrency development using artificial intelligence. Mankind used GPT-4…

Hong Kong Police Detain Businessman Tied to Crypto Investor’s Abduction

A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family. Crypto Investor Fails to Repay More Than $1.9 Million Hong Kong law […] Source CryptoX Portal

Pantera Capital Backs Telegram’s TON With Its Largest Investment Ever

Pantera Capital has made a significant investment in Telegram’s The Open Network (TON) blockchain, highlighting the platform’s large user base and potential for fostering cryptocurrency adoption and innovation in decentralized finance. This partnership is set to reinforce the principles of digital freedom and privacy advocated by Telegram’s founder, Pavel Durov, potentially increasing TON’s adoption and […] Source CryptoX Portal

Tether Counters Deutsche Bank’s Stablecoin Warning, Defends Reserve Transparency

Tether strongly criticized a Deutsche Bank report that raised concerns about the stability of stablecoins, including Tether’s dollar-pegged token, predicting a potential crisis similar to the 2022 collapse of Terrausd, which erased billions from the market. Deutsche Bank analysts, citing a study of 334 historical currency pegs, suggested that most stablecoins will face significant challenges […] Source CryptoX Portal

Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto

Mercado Libre, one of the biggest e-commerce platforms in Latam, has disclosed it holds over $40 million in cryptocurrency, according to its Q1 2024 filings. The company disclosed that it held 412.7 bitcoin (BTC) and 3,041.6 ethereum (ETH), by March 31. However, Mercado Libre does not own these holdings, as its CIO Richard Cathcart explained, […] Source CryptoX Portal

How to Create an Ethereum Wallet: A Step-by-Step Guide

Discover how to create an Ethereum wallet for safe storage of Ether (ETH) and ERC-20 tokens. Learn to send and receive crypto, and connect with dapps hassle-free. In crypto, Ethereum has become a prominent hub for decentralized applications (dapps) and smart contracts. The latest figures from DappRadar indicate that there are more than 4,500 dapps built on Ethereum and over 176,000 smart contracts deployed on the network.  ETH is the second largest cryptocurrency by market cap and is consistently among the top five most traded tokens every day. As such,…

Robinhood’s Crypto Revenue Surges 232% Despite Looming SEC Battle

Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some of the cryptocurrencies offered on its platform are securities. Crypto Drives Robinhood’s Profitable Q1 Retail trading platform Robinhood Markets […] Source CryptoX Portal

Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements

Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is a proof-of-concept designed to expedite and secure cross-border transactions using a singular system for tokenized assets. This trial is an extension […] Source CryptoX Portal