Category: CryptoX News

Bitcoin Life Insurance Firm Meanwhile Raises $40M to Expand Globally

Meanwhile, a startup offering life insurance and annuities denominated in bitcoin (BTC), raised $40 million in series A funding round, CEO Zac Townsend said on Thursday in an X post. The investment was led by venture capital firms Framework and Fulgur Ventures, with early Bitcoin-advocate Wences Casares also participating. Traditional life insurance pays out in fiat currencies. Meanwhile flips this model, keeping premiums and benefits in bitcoin, aiming to help policyholders guard against inflation and currency devaluation. In countries where local currencies lose value, holding policies in BTC could help…

BNB Plunges 11.6% Before Binance Coin Roars Back on Trump Tariff Fears

The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. BNB’s recent price action, featuring a 13.2% trading range, highlights the heightened volatility affecting digital assets. Technical analysis reveals key support around $540-$545 and resistance at $565-$570, with trading volumes spiking during both selloffs and recovery phases, according to CryptoX Research’s technical analysis data. The implementation of new tariffs under President Trump’s administration has created a ripple effect across financial markets. Initially, bitcoin showed a negative correlation with equities as trade war rhetoric emerged,…

Bybit Reclaims 7% Market Share After $1.46 Billion Hack

Key Notes Bybit recovers 7% of market share after $1.46 billion hack, regaining pre-hack levels. Hackers, linked to North Korea’s Lazarus Group, stole $1.4 billion in digital assets, mostly stETH and mETH. New security measures and partnerships, including with Zodia Custody, help restore investor confidence. Bybit, one of the world’s largest crypto exchanges, has bounced back to its pre-hack performance. Recent data shows the exchange has regained its 7% market share after what CEO Ben Zhou called the worst hack in history earlier this year. Bybit Recovers After February’s Security…

Tokenized Treasury Growth Rockets 8.7% in 7 Days as Crypto Economy Stumbles

While digital currency markets have faltered, the tokenized real-world asset (RWA) ecosystem has flourished, eclipsing recent market turbulence with a 12.5% valuation climb over 30 days. Tokenized Treasury instruments, in particular, outpaced peers with an 8.7% leap across seven days. Tokenized Treasuries Hit $5.49B Tokenized Treasuries have jumped in growth over the past week, and […] Source CryptoX Portal

Best Altcoins to Surge After Kraken-Mastercard Partnership

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Kraken, the popular cryptocurrency platform, has partnered with MasterCard, which will allow users to spend their crypto assets, from established best altcoins to new meme coins, directly at more than 150M merchants.…

Cosmos launches Eureka to connect Ethereum and IBC networks

Cosmos, a blockchain network aiming to become the “internet of blockchains,” has launched Eureka, an interoperability layer designed to link its inter-blockchain communication (IBC) protocol with Ethereum. According to an April 10 announcement, Eureka has expanded the Cosmos IBC protocol, changing IBC from an ecosystem standard “to a universal interoperability protocol,” setting the hub on a course to become the home of multichain apps. Cosmos projects are integrating into IBC Eureka. Source: Cosmos With the introduction of Eureka, many Cosmos-based applications and blockchains are now accessible to more users by…

Bitpanda secures third MiCA license in home jurisdiction of Austria

Austrian fintech unicorn Bitpanda has secured its third license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, further expanding its regulatory footprint across the bloc. Bitpanda on April 10 announced receiving a new MiCA license from Austria’s Financial Market Authority (FMA), its third after approvals from regulators in Germany and Malta. Its latest approval marks “another step toward building the most regulated crypto platform in Europe,” the exchange said in an announcement on X. Source: Bitpanda MiCA, which took full effect on Dec. 30, 2024, is designed to…

Ether Whale Dumps $22M of ETH After Holding Since 2016

Ether (ETH) fell to a two-year low of $1,412 this week and the volatility appears to have been too much for one long-time holder, who sold of the majority of their stash acquired at around $8 in 2016. On-chain data shows that the wallet in question swapped 14,015 ETH for $22 million USDC over a 15-hour period on decentralized exchange Uniswap. Wallet transactions (Etherscan) The investor also sold 6,630 ETH in May 2022 and 4,035 ETH in June 2023 — each time during a major market dip. This time was…

FARTCOIN, POPCAT, MOG up double-digits after Trump tariff pause 

Memecoins like FARTCOIN, POPCAT, and MOG saw strong gains as investors embraced a risk-on sentiment following President Donald Trump’s decision to ease up on some of his tough tariff policies, which sparked a broader market rally. According to CoinGecko, Fartcoin (FARTCOIN) shot up by 43.5%, hitting a 10-week high market cap of $731 million. Popcat (POPCAT), Ket (KET), and Mog Coin (MOG) weren’t far behind, jumping 28.6%, 26.2%, and 24.1%, respectively. Even the bigger names like Dogecoin (DOGE) and Shiba Inu (SHIB) saw a boost—DOGE went up 9.5%, SHIB gained…

Crypto Investors Flee Spot Bitcoin (BTC), Ether (ETH) ETFs as Prices Recover

U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) saw outflows Wednesday even as the cryptocurrencies’ prices surged after President Donald Trump announced a 90-day pause in tariffs on most countries, excluding China. The 11 bitcoin ETFs lost a net $127.2 million Wednesday, with investors withdrawing $89.7 million from BlackRock’s IBIT alone, according to data from Farside Investors. Wednesday marked the fifth consecutive day of outflows, with the funds losing a cumulative $722 million over the period. Ether ETFs have also fallen out of investor favor and the nine…