During the week of May 19 to May 25, blockchain startups collectively raised over $258 million, spearheaded by decentralized social protocol Farcaster’s $150 million series A round. According to Crypto Fundraising, four startups raised $179.2 million in Series A rounds in the last seven days, while 12 startups got $24.1 million via unknown rounds. Crypto fundraising May 19 – 25 | Source: Crypto Fundraising Five startups gained $21.3 million from seed rounds; two locked in $20 million combined from strategic rounds. Another two startups earned $9 million from private rounds,…
Category: CryptoX News
Ethereum outlook bullish after ETF approval despite retreat
Days after hitting a month-high of $3,943, the price of Ethereum (ETH) has begun to correct. The initial rise followed the U.S. Securities and Exchange Commission (SEC) approving applications from NASDAQ and the NYSE to list Ethereum exchange-traded funds. Although ETF issuers still need final approval before their products can launch, the SEC’s May 23 decision marked a significant and unexpected victory for firms that had made applications and the broader crypto industry. Until Monday, many had anticipated regulators would reject the filings. Nine issuers, including VanEck, ARK Investments/21Shares, and…
Xapo CEO Seamus Rocca Describes Xapos’ Proposition, Talks US Regulation, Emerging Markets, and Stablecoins
Seamus Rocca, CEO of Xapo, had a candid conversation with Cryptox.trade’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […] Source CryptoX Portal
Bittensor price soars 13% as Grayscale Trust rumors circulate
Decentralized AI project Bittensor has seen its native token, TAO, gain 13% in the past day, seemingly driven by an unconfirmed rumor that digital asset manager Grayscale plans to register a new trust tracking the token. At the time of writing, Bittensor’s price has climbed 13% to $483.10, marking a 21% gain compared to this time last week, according to CoinMarkeCap data. TAO 24-hour price chart | Source: CoinMarketCap The latest feat makes TAO the best-performing asset in the top 100 on CoinGecko, surpassing ETH meme coin darling PepeCoin. PEPE, along…
Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation
As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Phantom Wallet popular on Google Play, surpasses Facebook
Phantom Wallet, a widely used app for accessing Solana’s web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store’s U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, Phantom Wallet saw an estimated 770,000 downloads in April, according to data from appfigures, placing it ahead of social media giant Facebook and OpenAI’s language model ChatGPT. Source: appfigures.com Phantom Wallet is a self-custodial crypto wallet originally designed to hold only Solana (SOL) tokens. However, it has since been expanded to support Bitcoin (BTC),…
Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets
Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 (self-hosted […] Source CryptoX Portal
Litecoin eyes crucial $90 mark; analyst predicts inflows in Monero, Akash contender
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Thanks to heightened whale activity, Litecoin (LTC) has been witnessing notable bullish momentum that saw it breach the psychological threshold of $80.00, with the $90.00 price level in sight. By eliminating the urge for intermediaries, Borroe Finance (ROE) is emerging as a perfect Akash and Monero contender revamping revenue financing in the Web3 sector. Borroe Finance propels web3 user experience Having perfected the art of leveraging the power of…
Crypto Advocacy Group ‘Stand With Crypto’ Expands to the UK
Stand with Crypto, a global crypto advocacy organization, is expanding its initiative to the United Kingdom. Originating in the U.S., where it has garnered over 700,000 sign-ups and gained momentum with the passing of FIT21 in the House of Representatives, the movement is now mobilizing UK crypto advocates. With over 6 million crypto holders, the […] Source CryptoX Portal
Study: 60% of US Crypto Investors Don’t Understand Blockchain
According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing to learn. The report also noted that U.S. residents who […] Source CryptoX Portal