Category: CryptoX News

Is crypto regulatory clarity impossible? Asia doesn’t think so

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 United States government’s recent actions against crypto giants like KuCoin and Binance have put it on notice and cast an ominous shadow over the industry. With regulators ramping up crypto enforcement in the North American market, startups and founders are looking overseas to find friendlier climates that will support the growth of their projects.  When evaluating investments, user engagement, product expansion, and government acceptance, Asia is…

Fantom leads altcoin rally; Near Protocol eyes $10 as GFOX meme coin pumps 30%

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market saw a strong recovery today following the CPI report that US inflation is now at 3.4%. Bitcoin pumped 7% to $66k on the news, while some altcoins, such as Fantom (FTM), rose by almost 30%.  AI coins also reacted well to this news, with Near Protocol (NEAR), one of the leaders in the AI crypto sector, pumping 17% today. Meanwhile, some low-cap meme coins did well…

Meme coins market cap hits $58b

The market capitalization of meme coins increased by 8% and hit $58 billion. According to CoinGecko, meme coins are popular among investors and traders. The meme coin segment has outpaced the overall crypto asset market in growth over the past 24 hours. The crypto industry’s total market capitalization increased by 5.5%, while Bitcoin (BTC) showed an increase of 6%. The five largest meme coins by capital account for 77% of the total value of this asset class. At the same time, only three dozen coins by market capitalization exceed the…

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Mastercard’s Start Path Blockchain and Digital Asset program has expanded to include five new startups, aiming to explore innovative uses of blockchain technology. “Digital assets are becoming increasingly mainstream, speeding up commerce with trust and transparency,” Mastercard stated. Mastercard’s Digital Asset Program Expands Payments giant Mastercard announced Wednesday that five startups from around the world […] Source CryptoX Portal

Oklahoma passes bill protecting rights to self-custody crypto

Oklahoma has passed a bill to safeguard residents’ rights to self-custody digital assets, including crypto, effective Nov. 1. The legislation, known as OKHB3594, was signed into law by Governor Kevin Stitt and backed by Republican legislators, including State Senators Bill Coleman and Dana Prieto, and State Representatives Brian Hill and Cody Maynard. The bill explicitly prohibits any restrictions or bans on using or self-custody digital assets through self-hosted or hardware wallets. It also allows Oklahomans to mine cryptocurrencies at home or industrially, provided they adhere to local noise regulations. The…

US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank

Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, […] Source CryptoX Portal

Penguiana Reports New Milestones As PENGU Presale Hits Soft Cap, Teases Play-to-Earn Game Trailer Next Month

PRESS RELEASE. Penguiana (PENGU), a novel penguin-themed meme coin, is making significant waves within the cryptocurrency and Solana meme community. With its presale already raising over 1500 SOL, Penguiana is positioning itself as the next popular meme coin on the Solana blockchain. Penguiana (PENGU) Presale is Up and Running The Penguiana presale showcases the strength […] Source CryptoX Portal

Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape

Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing by 23,078 ether since April 28, 2024. LSD Protocol Reductions Continue Despite Minor Gains for […] Source CryptoX Portal