Both Bitcoin (BTC) and Ethereum appear to currently be the center of attention in the crypto market so far, with Bitcoin recently hitting just above a 24-hour high of $71,650 mark, marking a 6.4% increase in the past 24 hours and nearly 20% over the past week. A prominent Crypto Analyst who has since been tracking Bitcoin’s movements has recently revealed insights into the asset’s latest trends, signaling a notable move ahead for BTC. Related Reading Bitcoin’s Path Analyzed: What’s Coming? Crypto analyst Rekt Capital earlier today highlighted on the…
Category: CryptoX News
Pepe Price Surges Over 15% With Meme Coin Traders Also Bullish on Dogeverse
The meme coin market has had a bullish start to the week. Pepe (PEPE) is leading the charge, with the token’s price surging 15% since yesterday afternoon. But the positivity isn’t just around PEPE. Meme coin traders are also buzzing about the progress of Dogeverse’s (DOGEVERSE) presale – which has raised over $15 million in […] Source CryptoX Portal
Bittrex Global CEO commends Thailand’s firm regulatory approach towards crypto
In an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns. “The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement. The commission banned access to unlicensed crypto exchanges last month and introduced significant changes aimed at fortifying the digital asset market.…
Avalanche Price Prediction | Is AVAX a Good Investment?
On May 21, 2024, the Avalanche (AVAX) coin saw a 12% jump, hitting $41.02, according to CoinMarketCap. This uptick came after Avalanche announced the successful tokenization of the Wine Capital Fund by Oasis Pro, now listed on ATS via the Avalanche C-Chain. While the current price is far from its peak of $146.22 in 2021, it still marks a significant achievement. In March 2024, AVAX surged by 34% within a week. As of May 21, 2024, AVAX held the 11th spot among top cryptocurrencies, with a market cap exceeding $15.56…
Central Bank of Brazil Aims to Finalize Crypto Regulations This Year
The Central Bank of Brazil outlined its crypto regulation calendar, defining a three-phase process for finalizing these tasks in 2024. The bank aims to consult market actors regarding VASPs, establish plans to regulate stablecoins and finalize the rules to welcome VASPs into the country later this year. Central Bank of Brazil to Finalize VASPs and […] Source CryptoX Portal
FBI traces crypto transfers to dismantle $100m dark web marketplace
The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers. Rui-Siang Lin, a 23-year-old Taiwan resident, was found guilty of operating a $100 million dark web narcotics marketplace. Known online as “Pharoah,” Lin was arrested on May 18 at the John F. Kennedy Airport in New York. He operated the ‘Incognito Market’ for approximately four years and reaped “millions of dollars in personal profits,” FBI Assistant Director in Charge James Smith said in the official statement. The illicit platform, one of…
Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans
Galaxy Digital’s Alex Thorn suggests that the SEC might classify staked Ethereum as a security in a bid to find a loop to approve spot Ethereum ETF. The U.S. Securities and Exchange Commission (SEC) might make an eyebrow-raising turn regarding the approval of spot Ethereum exchange-traded funds (ETFs), according to Galaxy Digital head of research Alex Thorn. if the speculation about a 180 from SEC on the ethereum ETFs is true, i would guess they try to thread a needle between “ETH” NOT being a security and “staked ETH” (or…
Defi TVL reaches its 2-year-high amid marketwide bull run
The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark. Defi TVL | Source: Defi Llama With the current rally, 51 of the total 52 defi protocols…
Understanding Notcoin: The Token Behind the Click-to-Mine Telegram Game
This week, the crypto community has been buzzing about a new token called notcoin (NOT), recently launched on The Open Network (TON). This token is tied to a game on Telegram where users earn NOT by completing tasks and clicking a button, featuring a distinctive click-to-mine system. The following is a comprehensive overview of what […] Source CryptoX Portal
David Bailey, CEO of Bitcoin Inc., Reflects on His Company’s Transformational Pivot to Bitcoin and More
David Bailey, CEO of Bitcoin Inc., took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Cryptox.trade’s COO, Jason Sheman. The conversation delved into the lessons learned from past mistakes, the strategic pivot to Bitcoin, the Bitcoin Conference, Bitcoin Layer twos, and stablecoins on Bitcoin. Bitcoin Asia Conference Highlights: […] Source CryptoX Portal