Category: CryptoX News

Bitcoin’s halving unlikely to affect price in next 18 months, Kaiko says

Bitcoin’s halving won’t spark a lasting bull run over the next 12-18 months, relying on new investors through spot ETFs in the U.S. and in Hong Kong. The highly anticipated fourth Bitcoin halving is expected to have a less significant impact on the cryptocurrency’s trajectory over the next 12-18 months, according to analysts at Kaiko. Contrary to earlier expectations, the decrease in miners’ rewards from 6.25 BTC to 3.125 BTC may not serve as the primary catalyst for Bitcoin‘s growth, according to a recent research report from the Paris-based blockchain…

XRP, ETH communities seize Kelexo Stage 2 presale opportunities

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market shifts, XRP and ETH communities capitalize on the Kelexo Stage 2 presale, highlighting its promise in the burgeoning defi sector. The burgeoning Decentralized Finance (defi) space is witnessing a surge of interest in Kelexo (KLXO), a peer-to-peer lending platform built on the Ethereum (ETH) blockchain.  This excitement coincides with the launch of Kelexo Stage 2 presale, attracting investors, particularly those holding established cryptocurrencies like Ripple (XRP) and…

Spot Ethereum ETFs reportedly facing potential SEC denial

The SEC is anticipated to deny applications for spot Ethereum ETFs following discouraging meetings with issuers. The U.S. Securities and Exchange Commission (SEC) is expected to reject applications for spot exchange-traded funds (ETFs) tied to the price of Ethereum, the second-largest crypto by market value. According to a Reuters report, U.S. financial firms don’t expect spot Ethereum ETF approval to happen in May, citing discouraging meetings with the watchdog in recent weeks. Thus far, VanEck, ARK Investment Management, and seven other issuers have submitted filings with the SEC to list…

BNB Announces Native Liquid Staking Addition in BSC

BNB Chain, one of the largest smart contracts-enabled ecosystems in the crypto environment, has announced the inclusion of native liquid staking in its BSC blockchain. The new feature aims to allow validators to secure the network and maintain the liquidity of its assets while the ecosystem abandons the Beacon chain. BNB Chain Evolves Into a […] Source CryptoX Portal

The Rise of Hugewin: New Face of Crypto Casino

PRESS RELEASE. When it comes to crypto casinos, Hugewin leads the charge in transforming the online gambling landscape with its innovative approach to cryptocurrency gaming. Offering a diverse array of games, generous promotions, and unmatched customer service, Hugewin stands as the ultimate destination for players seeking an immersive and rewarding gaming experience. Diverse Cryptocurrency Options […] Source CryptoX Portal

Standard Chartered Updates Prediction: Doubts SEC Will Approve Spot Ether ETFs in May

Standard Chartered, which was previously optimistic about the U.S. Securities and Exchange Commission (SEC) approving spot ether exchange-traded fund (ETF) applications in May, has now revised its prediction. The bank still sees a positive long-term future for spot ethereum ETFs. Standard Chartered on Spot Ether ETFs Standard Chartered, previously optimistic about a May approval for […] Source BitcoincryptoexchangeExchanges CryptoX Portal

‘No ETF Has Ever Done Anything Close’ — Analyst Highlights Record GBTC Outflows, Surpassing All ETFs

While Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, experienced a continuous influx for 71 days before halting this week, Grayscale’s Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing all other ETFs on record. “No ETF has ever done anything close to that,” observed Eric Balchunas, Bloomberg’s senior ETF analyst, on […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Stripe reintroduces crypto payments via USDC stablecoin

At the company’s Global Internet Economy conference on Thursday, Stripe revealed its decision to reintroduce support for crypto payments. During the final keynote session, titled The Future of Payments, Stripe’s president, John Collison, highlighted the company’s previous involvement with cryptocurrency, noting that their experience with crypto dates back a long time. Collison referenced the company’s earlier venture into Bitcoin (BTC) support in 2018, which was discontinued due to underutilization. Collison expressed enthusiasm about the reintroduction, stating that Stripe is excited to bring back crypto to accept payments but only wanted…

Why Is The Dogecoin Price Down Today?

Dogecoin (DOGE), the foremost meme coin, is down over 6% in the last 24 hours according to data from CoinMarketCap. This downtrend can be attributed to the price movement of the flagship crypto, Bitcoin.  Dogecoin Drops Alongside Bitcoin Dogecoin’s price also experienced a sharp decline as the flagship crypto dropped from over $66,000 to below $64,000 in the last 24 hours. Altcoins like DOGE are known to experience a similar downtrend whenever Bitcoin’s price records a correction like the way it has done. Generally, the global crypto market is down…

AI-Powered Discovery Network for NFTs Launches $PULSR Token

PRESS RELEASE. GEORGE TOWN, CAYMAN ISLANDS — APRIL 25, 2024 Pulsr, an AI-powered search engine for NFTs, is launching a new token. The genesis of $PULSR is taking place on Thursday, April 25 at 11.30am EST — and will fuel the project’s ambition to make on-chain assets across the Web3 ecosystem more visible. Established in […] Source CryptoX Portal