Category: CryptoX News

FTM secures top gainer spot with 8% jump, but market signals caution ahead

Fantom, a scalable blockchain platform for DeFi, surged by 8% on the morning of Aug. 16, making it the top performer in the crypto market. At the time of writing, Fantom (FTM) was still up 8%, exchanging hands at $0.393 per price data from crypto.news. The crypto asset’s daily trading volume jumped by 84%, hovering around $274 million, while its market cap stood at $1.1 billion, ranking it 70th among the top largest cryptocurrencies. FTM 24-hour price chart– Aug. 16 | Source: crypto.news The token’s price has jumped by 42%…

Bybit secures VASP license, becomes card operator in Argentina

Crypto exchange Bybit has been awarded a crypto services license by the Argentine General Inspectorate of Justice. Crypto trading platform Bybit says it has been awarded a virtual-asset services provider license by Argentina‘s General Inspectorate of Justice just a few weeks after entering the market with its Mastercard debit card offering. In an Aug. 15 press release, the crypto exchange that in addition to the VASP license, it has also become a card operator in Argentina to boost its services in the local market. Bybit chief executive Ben Zhou says…

Binance Goes Live in India: Full Access for Indian Users

Binance has registered as a reporting entity with India’s Financial Intelligence Unit. Binance CEO Richard Teng emphasized the importance of the Indian market and the crypto exchange’s dedication to providing secure and efficient services. With this registration, Indian users now have full access to Binance’s platform. Binance Now Fully Available for Indian Users Crypto exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Donald Trump announces pro-crypto transition team

More crypto parallels between a potential Donald Trump and Kamala Harris administration emerged after assessing their advisors. Republican presidential candidate Donald Trump named several pro-crypto figures to his transition team ahead of a possible second White House term. While it’s procedural to name key staff members ahead of an election, Trump’s pro-crypto team may have bolstered his appeal to the community. Trump announced that Cantor Fitzgerald CEO Howard Lutnick and America First Policy Institute chair Linda McMahon would be team co-chairs.  Lutnick is a public Bitcoin supporter and spoke at…

Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard

Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […] Source CryptoX Portal

How crypto bloggers may suffer

The U.S. Federal Trade Commission has banned fake reviews and recommendations. What does it mean for crypto? According to the latest news, the decision introduces financial and administrative restrictions on individuals who “sell or buy fake social media influencer indicators.” The FTC leadership unanimously supported the introduction of the new rules. They will take effect 60 days after publication in the Federal Register: Fake reviews not only waste people’s time and money, but pollute the marketplace and divert business away from honest competitors. Lina M. Khan, FTC chair The new…

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […] Source CryptoX Portal

Opponents of Academic Freedom Get History Wrong

Academic freedom is under assault in the U.S. This attack has included state censorship of educational materials and classroom discussions; bans on initiatives to promote diversity, equity, and inclusion; and proposals to end tenure and faculty governance. Many right-wing officials even embrace the notion that conservatives should capture and reshape higher education to serve hyper-partisan interests, led by appointees who come from outside of academia and are instead loyal to state power holders. In 2023, Virginia Governor Glenn Youngkin directed all of his appointees to university boards to consider themselves…