Category: CryptoX News

Russia embraces crypto, but Kremlin goals remain ambiguous

Several cryptocurrency-related news stories from Russia dominated the first weeks of March. Some indicate the sector’s ongoing development, while others point to weak spots that require more action. Let’s examine them to see if the Kremlin will embrace crypto. Crypto investment testing The current status of crypto in Russia is far from loose—residents are allowed to buy and hold crypto, but they cannot pay with it. Crypto holdings are subject to taxation. Also, crypto mining is allowed and regulated but temporarily banned in select regions.  On March 12, the Bank…

Latam Insights: Bukele’s US Tour, Panamanian Crypto Bill

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, El Salvador’s Nayib Bukele announces a visit to the U.S., a Panamanian crypto bill gets introduced, and Venezuela suffers after Trump implements secondary tariffs on oil purchases. El Salvador’s Bukele […] Source CryptoX Portal

South Korea sees crypto investors top 16 million: report

According to data submitted to Rep. Cha Gyu-geun of the Rebuilding Korea Party, South Korea’s cryptocurrency investors reached 16.29 million as of February. This figure represents nearly 32% of the country’s population. The data, compiled from accounts at the country’s top five domestic virtual asset exchanges – Upbit, Bithumb, Coinone, Korbit, and Gopax – shows consistent growth throughout 2024. The number of crypto investors first surpassed 14 million in March 2024. Following Donald Trump’s election as U.S. President in November, another 500,000 people entered the market, pushing the total beyond…

Toulouse starts to accept crypto for public transport

In Toulouse, France, residents can pay for their metro, tram, cable car, and bus tickets with Bitcoin and other cryptocurrencies. In fact, starting on March 17, Toulouse became the first European city where crypto can legally be spent on public transport. 🚋 European Premiere: Crypto for Tram Fares! With @Lyzi_app and @tisseo_officiel, you can now get around Toulouse using your crypto holdings; marking them as the first European public transport system to test this! ⚡️ Metro, tram, bus, cable car, and park & ride – they’re all… pic.twitter.com/2lKfEUCJYU — Lyzi…

Cryptocurrencies to watch this week: Solana, Cronos, DOT

Cryptocurrencies will likely be volatile this week once President Donald Trump’s reciprocal tariffs go into effect and the U.S. publishes nonfarm payroll data.  The week started on a dull note, with most coins remaining in a bear market. At last check, Bitcoin (BTC) had dropped to $82,432.00. The crypto fear and greed index has slumped to the fear zone 25. Some of the top cryptocurrencies to watch this week are Solana, Polkadot, and Cronos. Solana SOL price chart | Source: crypto.news Solana (SOL), the popular layer-1 network, will be in…

Pi Network price crash slows, pointing to an April surge

This year, the Pi Network price has been in a strong downward trend as buyers remain on the sidelines. Pi Coin (PI) token initially surged to nearly $3 after its mainnet launch in February. It then embarked on a strong sell-off to the current $0.7925, costing investors billions.  There are three main reasons why the Pi Network price has crashed this year. First, while the mainnet launch was highly successful, most mainstream exchanges have not listed it.  The biggest surprise is Binance, the industry’s biggest crypto exchange. Over 85% of…

Trump’s trade war pressures crypto market as April 2 tariffs loom

Concerns over a global trade war continue to pressure traditional and cryptocurrency markets as investors brace for a potential tariff announcement from US President Donald Trump on April 2 — a move that could set the tone for Bitcoin’s price trajectory throughout the month. Trump first announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president. Global tariff fears have led to heightened inflation concerns, limiting appetite for risk assets among investors. Bitcoin (BTC) has fallen 18%, and the S&P 500 (SPX) index has…

Terra portal, Trump’s pardon, Polymarket

Today’s edition of the weekly recap covers the opening of Terra’s investor claims portal, President Trump’s latest crypto pardon, and Polymarket’s governance issues. Terra opens investor claims portal Terraform Labs will launch an online system on March 31, allowing investors to file claims for losses related to the collapse of the Luna (LUNA) token and TerraUSD stablecoin. Investors must submit claims by April 30 at 11:59 p.m. ET through claims.terra.money, with late submissions forfeiting recovery rights. Trump pardons BitMEX founders President Donald Trump issued pardons to three co-founders of cryptocurrency…

Cardano and Dogecoin’s $2 ambitions shortfall, this crypto offers better prospects

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano and Dogecoin have fallen short of their $2 ambitions, but Codename:Pepe is emerging as a contender with higher prospects. Cardano (ADA) and Dogecoin (DOGE) aimed for a $2 breakthrough but fell short. Despite this, both ADA and DOGE still hold attention in the crypto market. While their potential is noteworthy, a new contender has emerged. Codename: Pepe (AGNT) is stepping into the spotlight with a promise of bringing…