Category: CryptoX News

Binance CEO Says Nigeria’s Detention of Employee on ‘Spurious’ Charges Sets ‘Dangerous Precedent’

Binance CEO Richard Teng has warned that Nigeria’s decision to invite and subsequently detain mid-level employees on what he calls “spurious” charges sets “a dangerous precedent for companies worldwide.” Teng stated that certain lawmakers in Nigeria demanded a significant payment in cryptocurrency to dismiss the charges against Binance. Binance CEO Laments ‘Spurious’ Charges Against Tigran […] Source CryptoX Portal

Sanctioned Russian developer interacts with Garantex, Chainalysis finds

Treasury’s OFAC has sanctioned the Russian developer of LockBit, who transferred crypto to various illicit services, including sanctioned Russian exchange Garantex, Chainalysis says. Dmitry Khoroshev, a Russian developer of the ransomware program called LockBit which has been recently sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC), frequently interacted with sanctioned Russian crypto services like Garantex and Bitzlato. According to a blog post from Chainalysis, a blockchain intel firm, at least one Bitcoin address associated with Khoroshev (also known as LockBitSupp, LockBit, and putinkrab) received “several thousands of dollars”…

Crypto Expert Weighs In On ETH/BTC Pair’s Recent Decline

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep decline of around 70%. Given that the crypto community has…

Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains

Following two days of positive inflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday. Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading sessions, overshadowing the break-even and positive reports from the other spot bitcoin funds. Fidelity, Ark Invest, Invesco Report Gains While GBTC Struggles […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows

FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of creditors with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Authorities crack down on Austria-based online crypto scam

Authorities in Austria, along with counterparts in three other nations, have taken decisive action against an online scam masquerading as a new cryptocurrency venture.  In a press release on May 8, the European Justice for Criminal Justice Corporation disclosed the details of a coordinated effort aided by Europol to apprehend scammers who falsely claimed to have established a company launching a new crypto asset. The fraudsters, operating from Austria, purported to have developed proprietary software and algorithms between December 2017 and February 2018. They enticed investors with offers of 10…

Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes

Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […] Source CryptoX Portal

Solana memecoin Catwifhat defies market trend with 40% surge

Bitcoin and other leading cryptocurrencies may be showing bearish trends, but Solana meme coin Catwifhat (CWIF) is bucking that pattern. Catwifhat, a feline-themed counterpart to Soalna memecoin Dogwifhat, is back on an upward trajectory. The coin has surged by 42% today, reaching $0.00000082 following a 60% jump in trading volume. Data from CoinMarketCap reveals that Catwifhat has regained a market capitalization of $30 million. The meteoric ascent of Dogwifhat is still fresh in the minds of investors who are cautious about not fading its feline counterpart. At its peak, Dogwifhat became…

Elon Musk Meets President Milei, Reccomends to Invest in Argentina

Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […] Source CryptoX Portal

P2P XMR Exchange Localmonero/Agoradesk Announces Closure After Seven Years of Operation

In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a six-month winding-down process starting from May 7, 2024. Effective immediately, all new signups and ad postings are disabled, and […] Source BitcoincryptoexchangeExchanges CryptoX Portal