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
CoinspeakerOver 90% of Stablecoin Transactions Are Non-Organic In a surprising report from Bloomberg, Visa and Allium Labs’ recent study challenges the notion that stablecoins are poised to transform the global payments landscape. The report suggests that a startling 90% of stablecoin transactions in April 2024 did not originate from regular consumers, casting doubt on their potential as a mainstream payment method. Visa’s metric seeks to isolate “organic payments activity” by filtering out transactions driven by bots and high-volume traders. This revealed that only $149 billion out of a total of…
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PRESS RELEASE. Abu Dhabi, AE, May 6, 2024 – Amidst the 2024 resurgence of the bull market, with Bitcoin breaking the $72,000 mark, the demand for sophisticated market making has skyrocketed. Coinrate.pro has emerged as a trailblazer with its innovative market making strategies and forward-looking vision. Sergey Smotrov, the CEO of Coinrate.pro, unveils the company’s […] Source CryptoX Portal
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […] Source CryptoX Portal
Former Twitter CEO Jack Dorsey has made a staggering $21 million donation to OpenSats, a platform dedicated to funding Bitcoin (BTC) development. The nonprofit announced Dorsey’s donation in a May 4 blog post, where it indicated the funds would be used to bolster the resources available for open-source projects, providing crucial funding to innovators across the globe. Dorsey, who led Twitter (now known as X) from 2015 to 2021, later confirmed the contribution while responding to a post by technology specialist and whistleblower Edward Snowden, who was warning Bitcoin developers…
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […] Source CryptoX Portal
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […] Source CryptoX Portal
Based on the most recent figures, Blackrock’s USD Institutional Digital Liquidity Fund, also known as BUIDL, has expanded to $381.76 million, overtaking Franklin Templeton’s onchain investment vehicle, BENJI, as the largest real-world asset (RWA) tokenized offering. Blackrock’s Digital Fund Surpasses BENJI as Leader in Tokenized Treasury Offerings Blackrock’s BUIDL has now eclipsed all other tokenized […] Source CryptoX Portal
According to onchain data, the ‘epic satoshi’ sold for 33.3 BTC has been inscribed, now linked to a freshly minted Runes protocol coin named “EPIC•EPIC•EPIC•EPIC.” The newly introduced EPIC runes tokens have already commenced trading, achieving a market capitalization of $88 million by 11 a.m. Eastern Time on Sunday. From Epic Satoshi to EPIC•EPIC•EPIC•EPIC Runes […] Source CryptoX Portal