Hong Kong’s debut of six spot bitcoin and ethereum exchange-traded funds (ETFs) garnered HK$87.5 million ($11 million) on their first day, April 30. However, these ETFs underperformed compared to their U.S. counterparts, which had attracted a much larger sum of $4.6 billion on their initial day. Despite High Hopes, Hong Kong’s Bitcoin ETFs Start Slow […] Source CryptoX Portal
Ripple has teamed up with Tokyo-based consulting firm Hashkey DX to bring XRP Ledger (XRPL) blockchain solutions to the Japanese market, aiming to revolutionize enterprise blockchain use cases in Japan, primarily through supply chain solutions. This strategic partnership will leverage Hashkey DX’s expertise to develop and implement these solutions, in collaboration with SBI Ripple Asia—a […] Source CryptoX Portal
A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital payment solutions. Citi: Brazil Leads Advancements […] Source CryptoX Portal
Cardano (ADA), the smart contracts platform known for its energy-efficient Proof-of-Stake consensus mechanism, has been generating buzz lately. On-chain data reveals a significant uptick in large transactions, hinting at a potential return of the whales – major investors who can significantly impact cryptocurrency prices. Whales Making Waves On The Cardano Sea IntoTheBlock, a blockchain analytics firm, reported a surge in Cardano transactions exceeding $100,000. Over the past week, the average daily volume for these large transactions reached nearly $14 billion. Cardano whales are busy, with an average large transaction volume…
Crypto exchange OKX has announced the launch of a new mining phase for Runecoin through its OKX Jumpstart platform. Starting at 7:00 am UTC on April 29 and concluding 24 hours later, a new initiative allows Bitcoin holders to stake their assets and receive Runecoin tokens in return. Runecoin is based on the Runes Protocol and was initially distributed as a Pre-Rune airdrop to early Ordinals adopters. With a total supply of 21 billion tokens, Runecoin echoes the well-known maximum supply of Bitcoin, which is capped at 21 million tokens.…
The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […] Source CryptoX Portal
The U.S. SEC and its Chairman, Gary Gensler, have considered Ethereum a security for at least a year. According to FOX Business, Consensys, which develops Ethereum software, filed an unredacted complaint against the agency after this was revealed. The document states that the Ethereum 2.0 investigation was based on the SEC’s belief that possible offers and sales of certain securities, including but not limited to ETH, had occurred since at least 2018. The Consensys lawsuit shows that the SEC has made multiple document requests over the past year asking for more details about the company’s role in the proof-of-stake (PoS) update and its…
PRESS RELEASE. Casinobello.com, a Curacao-licensed online casino, is thrilled to gain the biggest popularity in its history and become one of the leading destinations for crypto-savvy iGaming users. With a strong presence in Germany, Austria, Switzerland, Italy, New Zealand, Canada, and Australia, Casinobello is pioneering the integration of cryptocurrency into the online gaming world to […] Source CryptoX Portal
A new court filing claims that the U.S. Securities and Exchange Commission (SEC), led by Chair Gary Gensler, initiated a formal investigation into ethereum’s potential classification as a security more than a year ago. SEC Enforcement Division Director Gurbir Grewal approved a formal investigative order in March last year to scrutinize potential securities transactions involving […] Source CryptoX Portal
A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new post on X, an analyst has discussed about how the Coin Days Destroyed (CDD) on-chain indicator may be used to identify selling pressure in the market early. A “coin day” refers to the quantity that 1 BTC accumulates after staying still on the blockchain for 1 day. When a token stays dormant for a…