Category: CryptoX News

Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is […] Source CryptoX Portal

US asset managers increase BTC portfolio allocation as Borroe Finance shines

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Legacy Wealth and United Capital Management have invested $20 million in Bitcoin through Fidelity’s ETF, while Borroe Finance raises nearly $4 million by monetizing future earnings via NFTs. While US Asset Management firms invest over $40.88 million into FBTC to increase BTC portfolio, Borroe Finance (ROE) continues paving its path to become one of the top defi coins. Given its price trajectory and real-life use cases, ROE has emerged…

South African BTC Ponzi Scheme Mastermind Succumbs to Heart Attack While Detained in Brazil

Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, recently died of a heart attack while under house arrest on a farm in Brazil. According to his Brazilian wife, Steynberg left no will and had no assets that could be inventoried. South African Police Investigate Steynberg’s Reported Death Johann Steynberg, a South African […] Source CryptoX Portal

Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership

Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in September and declining party support, the future of Japan’s Web3 policy and initiatives, including a substantial number of active projects, remains uncertain. Despite global challenges […] Source CryptoX Portal

Former President Donald Trump’s Advisers Explore Penalties for Nations Ditching US Dollar

Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, […] Source CryptoX Portal

Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet

Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. Anza Calls for […] Source CryptoX Portal

Top cryptocurrencies to watch this week: BTC, ETH, PEPE

The top cryptocurrencies to keep an eye on this week include Bitcoin (BTC), Ethereum (ETH), and Pepe (PEPE). Bitcoin whales taking profits Bitcoin has seen a decrease in whale activity since March 14. However, a surge in whale transactions could potentially boost BTC prices. Notably, crypto analyst Lookonchain recently highlighted a significant movement of 1,200 Bitcoin, worth an eye-watering $77.67 million, by a whale into the Kraken exchange.  A whale deposited 1,200 $BTC($77.67M) into #Kraken 43 minutes ago. The whale accumulated 24,755 $BTC($1.68B) at an average price of $68,051 from…

‘Globalist Power Is No Longer a Moral Authority’: Amir Taaki Responds to Samourai Charges

In an era increasingly defined by surveillance and oversight, Amir Taaki stands out as a key figure in the Bitcoin movement, sounding a clarion call for crypto awareness following the indictment of Samourai Wallet. Taaki’s latest initiative, “Darkfi,” seeks to pioneer a completely anonymous platform for collaborative fundraising and distribution, posing a challenge to existing […] Source CryptoX Portal

Regulating CEXs won’t stop bad actors: lessons from the FTX trial

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The fallout from the FTX collapse and the accompanying media circus left unexpected and wide-reaching disruption. Still, the truth is that it expedited the realization that centralized exchanges (CEXs) are broken. How we pick up the pieces will have a long-lasting impact on our industry. It is not the role of regulators to prevent another FTX collapse.  Without meaningful change, this new money system will continue to…