Leading crypto and tech companies, including Coinbase, Ripple, Meta, Kraken, and Gemini, have formed a coalition to combat online fraud, including crypto scams like the pig butchering scheme. “We are dedicated to disrupting emerging online scams through collaboration, information sharing, and enhanced consumer education,” said Coinbase’s chief security officer. ‘Tech Against Scams’ Coalition Established Several […] Source CryptoX Portal
Category: CryptoX News
House Passes Landmark Crypto Bill Marking ‘Historic Day’ for Americans
The U.S. House of Representatives has approved the Financial Innovation and Technology for the 21st Century (FIT21) Act for the regulation of crypto assets despite opposition from President Joe Biden and SEC Chair Gary Gensler. This landmark legislation secured a bipartisan approval with a vote of 279 to 136. “FIT21 is the first legislation of […] Source CryptoX Portal
Fed inflation doubts leave crypto markets flat
While crypto prices stayed relatively flat after the FOMC minutes, U.S. stocks traded downwards on the slim likelihood of hawkish decisions due to inflation concerns. Despite positive consumer price index (CPI) reports from April, Federal Reserve officials remain skeptical that progress in beating inflation justifies cutting interest rates. According to the latest Federal Open Market Committee (FOMC) Minutes, price levels have allowed this year’s inflation rates to remain substantially above the Fed’s 2% target. Although some stakeholders at the policy meeting indicated consideration for rate hikes, officials like Chair Jerome…
Uniswap Challenges SEC Wells Notice, Defends Autonomous Protocol
Uniswap Labs has responded to the U.S. Securities and Exchange Commission’s Wells Notice, asserting that its protocol does not fall under the agency’s regulatory jurisdiction. The response emphasizes the autonomous nature of Uniswap’s decentralized finance (defi) technology and argues against the classification of its activities as operating an exchange or broker. Uniswap Responds to SEC […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign
In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over Sentencing: Prosecutors Demand 5-7 Years […] Source CryptoX Portal
Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes
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Litecoin, Binance Coin, Avalanche, and Rollblock
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin, Binance Coin, Avalanche, and Rollblock show strong potential for significant gains as the cryptocurrency market revitalizes. The cryptocurrency market is revitalizing once more and many altcoins have been demonstrating bullish potentials in the past week. Notably, both Litecoin (LTC) and Avalanche (AVAX) have witnessed noticeable gains while Binance continues its recovery journey back to the $600 plus price mark. Against this backdrop, a new market entrant, Rollblock (RBLK)…
BitGo to Offer Custody Services for CoinDesk 20 Constituents
“We have seen demand for accessing a turnkey broad-based digital asset solution,” said Adam Sporn, Head of Prime Brokerage and U.S. Institutional Sales at BitGo, in a press release. “We’re excited to partner with CryptoX Indices and provide our customer base with access to the top digital assets within the CryptoX 20 Index, as investors seek to increase exposure to digital assets beyond Bitcoin.” Source CryptoX Portal
Spot Bitcoin ETFs surpass $300m in inflows
For the second time in May, spot Bitcoin (BTC) ETFs have exceeded $300 million in inflows, with significant contributions from BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Market data from Farside Investors indicates that these investment products saw $305 million in inflows on May 21 despite several ETF products, including the Grayscale Bitcoin Trust (GBTC) reporting zero flows. Notably, only two products experienced inflows, while two registered outflows. BlackRock’s IBIT led the inflows with $290 million, with Fidelity’s FBTC reporting an inflow of $25.8 million.…