Category: CryptoX News

Kraken enters Germany with DLT Finance partnership

Crypto exchange Kraken is expanding its footprint across European markets with a partnership to service German clients.  According to a press release, Kraken reached an agreement with BaFin-licensed DLT Finance, a brand of crypto service providers DLT Securities GmbH and DLT Custody Gmbh, to activate digital asset facilitates for users in Germany.  This year, Germany and Europe have been showcased as hot spots for crypto adoption. As crypto.news reported, several German cities showed leading interest in the Bitcoin (BTC) halving, and the crypto banking sector is dominated by European providers. …

Warren Buffett Sees No Alternative to US Dollar as Reserve Currency — Berkshire Holding $188 Billion in Cash

Warren Buffett, chairman and CEO of Berkshire Hathaway, asserts that there is currently no viable alternative to the U.S. dollar as the world’s reserve currency, suggesting that U.S. debt will remain acceptable “for a very long time.” Berkshire currently sits on a cash pile of $188 billion, which Buffett views as “quite attractive.” Insights From […] Source CryptoX Portal

Top AI Crypto Assets Rebound Despite Recent Month-Long Decline

According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording gains ranging from 4% to 30% within seven days. AI Cryptos Rise After Suffering Heavy Monthly […] Source CryptoX Portal

SEC’s “hostile regulatory environment” benefits Coinbase

Bitwise Chief Investment Officer Matt Hougan believes that recent regulatory scrutiny could play a role in Coinbase’s favor and benefit the company in facing the SEC. The U.S. SEC has recently issued a Wells notice to Robinhood Crypto, indicating a potential enforcement action for securities violations. This regulatory scrutiny is playing a significant role in shaping the competitive landscape among crypto exchanges, particularly benefiting Coinbase, according to Hougan. In a post on the social media platform X, Hougan argued that the stringent regulatory environment inadvertently creates a competitive advantage for…

This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines

Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against the U.S. dollar, while render (RNDR) experienced a notable spike of […] Source CryptoX Portal

Nostr and X Get a Nod as Jack Dorsey Exits BlueSky

Dorsey, in a post on X on Saturday called upon his followers to use “freedom technology” such as X, and to not depend on corporations “to grant you rights.” He said something very similar on Nostr, the open source protocol aimed at enabling a fully decentralized, censorship-resistant social media experience, where he’s been very active in past weeks and to which in 2022 he donated 14 bitcoin (worth about $245,000 at the time) to the protocol’s founder. Source CryptoX Portal

Ransomware payments down 50% in 2023

Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according to a new blog report from Chainalysis. Ransomware payments vs the amount of incidents | Source: Chainalysis The blockchain intelligence firm says the 46% drop in ransomware payments can be partly attributed to “enhanced cyber resilience among organizations,” adding that companies now possess a better understanding of the threats they…

Solv Protocol attracts over 12k BTC investment, integrates Babylon partnership

Solv Protocol, a decentralized liquidity financial protocol, has reported a significant milestone in its operations.  According to an announcement on X, the protocol has attracted over 12,000 Bitcoin (BTC) in investments across multiple chains, including Arbitrum, BNB Chain, and Merlin Chain. Solv Protocol x @babylon_chain We’re thrilled to announce our partnership with Babylon, bringing native BTC restaking yields to SolvBTC. This integration will enable SolvBTC to be used to help secure PoS chains, roll-ups, and AVS, unlocking use cases for the large idle… pic.twitter.com/8A9pvhy27Q — Solv Protocol (@SolvProtocol) May 5,…

Analysts: Gold Rush In China Is Propping Prices Up

The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […] Source CryptoX Portal