Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos […] Source CryptoX Portal
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s […] Source CryptoX Portal
After many users raised concerns about withdrawals, a Telegram mini-app called TON Turbo began scrubbing its digital footprint. TON Turbo, a project built atop The Open Network, offers users so-called Toncoin (TON) mining rigs to generate profits by depositing crypto via a Telegram chat box. The mining rigs promised nearly doubled returns on the initial capital, with an opportunity to earn TON and prominent memecoin Shiba Inu (SHIB). TON Turbo mining CTA | Source: Telegram However, several aspiring miners using the platform reported withdrawal difficulties. Replies on the project’s Telegram…
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused by the U.S. of […] Source CryptoX Portal
Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology developed by Samsung. According to Bambrough, the new batteries may require 1 kg […] Source CryptoX Portal
Helium token suffered a reversal on Aug. 15 amid profit-taking and worsening sentiment in the crypto industry. The Helium (HNT) crypto price retreated to $6.50, down by over 13% from its highest point this week, indicating it has moved into a local correction. HNT is up by 126% from August low Despite its pullback, HNT remains one of the best-performing cryptocurrencies since Aug. 5, when most tokens retreated. It has surged by over 126% from its lowest point this month, pushing its market cap to over $1 billion. Helium’s retreat…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. No single entity, interest group, or political faction defines (or dominates) the blockchain industry. But despite all differences, positive and negative, there is a shared mission—achieving mass adoption. More people, businesses, and communities must benefit from crypto and blockchain tech worldwide. To achieve this fully, anyone should be able to build high-quality dApps and on-chain tools. Devs must have the freedom to express themselves in any language…
Stablecoin issuer Circle is planning to enable the tap-to-pay feature using USDC on Apple iPhones In an Aug. 14 post on X, the firm’s CEO, Jeremy Allaire, pointed to a recent announcement from the California-based tech giant where it said it would allow third-party developers to integrate the iPhone’s Near Field Communication chip in their respective applications. The NFC chip enables short-range wireless communication between devices when they are in close proximity, typically within a few centimeters. This allows contactless data exchange, such as making payments or sharing files, by…
Senate majority leader Chuck Schumer has set himself the goal of passing comprehensive crypto legislation by the end of 2024. Schumer made the statement at a virtual town hall meeting hosted by Crypto4Harris, a newly-formed initiative to push pro-crypto talking points for Democratic presidential candidate Kamala Harris. During the proceedings, attended by Senators Kirsten Gillibrand and Debbie Stabenow, as well as Colorado Governor Jared Polis and investor Mark Cuban, the New York senator declared his intention to pass a bipartisan crypto bill out of the Senate and into law by…