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
Category: CryptoX News
Spot ETFs in Hong Kong launch softened outflow from US funds
The outflow of investments in digital assets for the fourth week in a row amounted to $251 million. According to CoinShares data, the week from April 27 to May 3 marked the first time there were any measurable outflows from newly issued U.S. ETFs. The average purchase price of the underlying ETF asset since launch is $62,200 per Bitcoin (BTC), with the recent price fluctuations potentially triggering sell orders. Capital outflows totaled $504 million in the United States. Withdrawals were also noted in Canada, Switzerland, and Germany, totaling $9.6 million, $9.8…
India Working on Offline Transferability of Digital Rupee, Says Central Bank Governor
India’s central bank, the Reserve Bank of India (RBI), is in the process of making its central bank digital currency (CBDC) available without relying on internet access. RBI Governor Shaktikanta Das has emphasized the importance of ensuring the digital rupee’s ease of use. RBI Governor Updates Digital Rupee Progress During an event hosted by the […] Source CryptoX Portal
Crypto operators not providing adequate disclosures
Following multiple Wells notices, SEC Chair Gary Gensler shared rhetoric regarding the crypto industry and its supposed non-compliance with federal laws. On May 7, the U.S. SEC Chair told a CNBC Squawk Box host that crypto businesses failed to comply with disclosure requirements synonymous with America’s financial markets. Gensler maintained his status quo on crypto assets and insisted that existing policies provide sufficient oversight for the nascent digital currency industry. “Without pre-judging any one of them, many of those tokens are securities under the law of the land as interpreted…
Bitpay Partners With Moonpay to Enhance Crypto Selling Experience on App
On Tuesday, the crypto payments processor based in Atlanta, Bitpay, revealed its collaboration with Moonpay. The partnership, Bitpay emphasized, enables users to sell bitcoin and other crypto assets directly through the Bitpay app. Bitpay Now Allows Direct Sales via Moonpay Partnership Users of the Bitpay app can now sell their crypto assets through Bitpay’s integration […] Source CryptoX Portal
Binance releases 18th proof of reserve
Binance, crypto’s largest exchange, disclosed reserve increments across the top five digital assets by market cap despite a slump in prices over the past month. The Binance proof-of-reserve (PoR) reported an excess backing of at least over 104% for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, and Solana (SOL). “When we say Proof of Reserves, we are specifically referring to those assets that we hold in custody for users. This means that we are showing evidence and proof that Binance has funds that cover all of our user’s assets 1:1,…
Independent Presidential Candidate Robert F. Kennedy Jr. Joins Consensus as a Headline Speaker
PRESS RELEASE. May 7, 2024, Austin, TX – In less than four weeks, independent presidential candidate Robert F. Kennedy Jr. will take the stage in Austin, TX, at Consensus 2024, the world’s largest, longest-running, and most influential gathering that brings together all sides of the crypto and Web3 community. As an environmental lawyer, scion of […] Source CryptoX Portal
Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […] Source CryptoX Portal
U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion
In a sprawling 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software, recruiting “affiliates” on cybercriminal forums who then carried out the actual ransomware attacks. Once a ransom was paid, typically in bitcoin (BTC), affiliates would give Khoroshev a 20% cut of their earnings, according to the indictment. Source CryptoX Portal
AI-Powered Meme Coin WienerAI Passes $1M in ICO, Analysts Expecting 10x Returns
Crypto investors can’t seem to get enough of AI and meme coins lately – and WienerAI (WAI) is delivering a double dose of both. This new project, which combines artificial intelligence with dog memes, has already raised over $1 million in its initial coin offering (ICO) and caught the attention of prominent analysts in the […] Source CryptoX Portal