During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […] Source CryptoX Portal
USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024. A BDO assurance opinion released on May 1 also showed that Tether’s Treasury bills stockpile reached a new high of over $90 billion, and the digital asset firm’s total net equity crossed $11.3 billion due to diversified operations. According to the attestation, since last year’s fourth quarter, USDT provider ownership of U.S. Treasuries and net equity have grown from around $80 billion and $7 billion, respectively. Source: Tether The latest…
India’s Enforcement Directorate (ED) has cracked down on two major crypto scams operating in the nation, duping investors by promising massive returns. The ED has managed to seize a staggering INR 90 crores (approximately $10.7 million) worth of cryptocurrencies, dealing a severe blow to the ‘E-Nugget’ scam. ED, Kolkata led a successful operation against a major “online gaming app scam” known as “E-Nugget”. The E-Nugget app, masqueraded as a gaming platform, promised users high returns on their investments. Crypto assets which were taken into possession of ED are transferred into… — ED (@dir_ed)…
PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight […] Source CryptoX Portal
Discover some of the best cryptocurrency apps for beginners, like Binance, Bybit, eToro, Coinbase, and Kraken. When it comes to crypto, finding the right platform to kickstart your digital asset journey is crucial. Many first-timers often ask the question, What are the best crypto apps for beginners? This article will shed some light on the issue by examining some of the best beginner crypto apps on the market. These platforms offer not just easy-to-use interfaces and low fees but also robust security measures, ensuring a smooth and secure trading experience…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…
The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield […] Source CryptoX Portal
Tether, the giant behind the world’s largest stablecoin USDT, announced a $200 million strategic investment in Blackrock Neurotech, a brain-interface company. The investment also marks the launch of Evo, a new business division for the company that will examine investments in initiatives that merge tech and human potential. Tether Dabbles in Biotech, Acquires $200 Million […] Source CryptoX Portal
Data shows Binance’s NFT marketplace wasn’t really a popular destination for Ordinals anyway — with traders now fixated on Runes instead. Binance’s decision to scrap support for Ordinals in April raised eyebrows among Bitcoin enthusiasts. The embattled exchange, which has been fighting legal battles on multiple fronts in recent months, said the move was designed to “streamline” its product offering. It went on to warn anyone who holds Bitcoin NFTs to move them somewhere else so they could continue to be eligible for airdrops. This marks quite a sudden U-turn…
The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ […] Source CryptoX Portal