Category: CryptoX News

Modular Blockchain’s Emerging Unicorn: Meta Earth’s Exponential Global Growth

This content is provided by a sponsor. PRESS RELEASE. The cryptocurrency landscape is continually shaped by groundbreaking narratives, and among the most structurally transformative are those centered on public blockchains. From Bitcoin’s genesis, which established the foundation for decentralized finance, to Ethereum’s smart contract functionality catalyzing the DeFi Summer, and Solana’s innovation in high-performance chains, […] Source CryptoX Portal

Russian Senator Anticipates Creation of BRICS+, Dozens of Nations Potentially Involved

Deputy Speaker of the Federation Council Konstantin Kosachev revealed that several countries are set to join the BRICS+ initiative, aiming to include the maximum number of participants. The Russian senator emphasized that this geopolitical group would facilitate direct interaction with dozens of countries outside the bloc. Russian Senator Reveals Future Creation of BRICS+ Geopolitical Group […] Source CryptoX Portal

Arizona’s crypto reserve bill Heads to Final House Vote

Arizona’s Digital Asset Reserve bill is heading to a final House vote after clearing the Committee of the Whole. On April 17, Arizona’s State Bill 1373, also referred to as the Strategic Digital Asset Reserve Bill, moved one step closer to becoming law after being approved by the full House in a preliminary review. SB 1373, also known as the Strategic Digital Assets Reserve Bill, proposes the creation of a fund composed of digital assets seized in criminal proceedings.  The state treasurer would manage the fund and be authorised to…

Binance held 36% CEX market share in Q1

Binance has maintained its position as the leading centralized exchange in Q1 2025, despite a wider market downturn and declining trading volumes. With a total trading volume of about $8.39 trillion, Binance accounted for 36.5% of the global CEX market share, according to TokenInsight’s Q1 exchanges report. This was a decrease from the $9.95 trillion volume in Q4 2024 in line with the general market trend. Because of the waning hype after Trump’s inauguration, overall cryptocurrency trading volumes dropped 12.5% during the quarter. Total spot trading volume across the top…

Crypto mixer eXch to close amid Bybit hack laundering link

Privacy-focused exchange eXch will shut down operations on May 1 following rising allegations that it was used to launder funds stolen in the $1.5 billion Bybit hack. In an Apr. 17 notice on the Bitcoin Forum, eXch’s team said the project had become the target of a “transatlantic operation” aiming to shut it down and potentially prosecute key figures for money laundering and terrorism. The Czech-based exchange, known for minimal know-your-customer requirements, stressed that it was created as a privacy experiment with no financial goals. It denied any intent to…

Slovenia proposes 25% tax on personal crypto profits

Slovenia authorities are looking to bring a 25% tax proposal targeting personal crypto profits into effect in 2026 if adopted into law. On April 17, the Slovenian finance ministry submitted for public discussion and feedback, a proposal that seeks to impose a 25% capital gains tax on crypto assets.  The bill seeks to align taxation of cryptocurrencies in the country with existing tax laws, with this set to see those who gain from the disposal of crypto assets such as Bitcoin (BTC) are taxed.  According to Bloomberg Law, Slovenia’s tax…

Binance Advising Governments on Establishing Crypto Reserves

Governments worldwide are racing to secure crypto dominance, turning to Binance for strategic guidance on digital reserves and regulatory blueprints as sovereign adoption accelerates. Nations Seek Binance’s Aid on Crypto Reserves Binance has begun advising governments on cryptocurrency regulation and national digital asset reserves, according to a report by the Financial Times, published April 17. […] Source CryptoX Portal

Fed Chair Signals Looser Crypto Oversight as Digital Assets Go Mainstream Fast

Crypto is charging into the mainstream as the Federal Reserve signals a dramatic shift, hinting at looser oversight and faster institutional adoption of digital assets nationwide. Fed Chair Powell Teases Softer Crypto Stance U.S. Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on Wednesday, highlighting forthcoming changes in financial oversight, particularly […] Source CryptoX Portal

Trade War: Tit-for-Tat Tariffs Show Limits of Unilateral Action, Web3 Leaders Say

Web3 experts emphasize that the ongoing trade war, while presenting challenges, can also act as a catalyst for innovation within the blockchain space. However, they argue that fostering a mindset of global unity can help mitigate the divisive effects of trade wars. Decentralized Governance Can Mitigate Disputes Caused by Protectionist Policies As the U.S.-China trade […] Source CryptoX Portal

Dow drops over 500 points as UnitedHealth tanks, Fed tensions weigh on markets

U.S. stocks ended mixed on Thursday as steep losses in UnitedHealth pulled the Dow lower.  Investors digested ongoing trade tensions and signals from the Federal Reserve that interest rate cuts may not be imminent. The Dow Jones Industrial Average fell 1.2%, or roughly 500 points, largely due to a 23% plunge in UnitedHealth shares after the company slashed its full-year profit forecast. The S&P 500 rose 0.2%, buoyed by gains in select sectors, while the tech-heavy Nasdaq Composite edged down about 0.13%. Nvidia fell for a second day after the…