Category: CryptoX News

DCF Announces Passage of Proposal for Better Liquidity and Efficiency in Cosmos Network

CoinspeakerDCF Announces Passage of Proposal for Better Liquidity and Efficiency in Cosmos Network The Decentralized Cooperation Foundation (DCF) announced the successful passage of Proposal #912, a transformative initiative within the Cosmos network, a leading decentralized network of independent parallel blockchains, aimed at improving liquidity and economic stability. Proposal #912: Milestone for Cosmos Network Recently approved by the Cosmos community, Proposal #912 introduces a robust framework for liquid staking. This initiative is designed to allow staked assets to be traded freely through derivative tokens, therefore enhancing the liquidity within the network.…

Crypto influencer recommendations lead to losses

Recommendations from crypto influencers lead to losses, scientists from three universities said. According to Chinese journalist Colin Wu, the average accumulated return on positions opened based on signals from crypto influencers in X after 10 and 30 days decreased by 2.24% and 6.53%, respectively. Representatives of Indiana University, Harvard Business School, and Texas A&M University cite these figures. The sample was based on 36,000 tweets published by 180 prominent crypto influencers. The study covered recommendations for 1,600 assets over two years to December 2022. The profitability of transactions on the…

Former Alameda Research Boss Sam Trabucco Reemerges to Defend Ryan Salame Before Sentencing

Reports indicate that Sam Trabucco, the former co-CEO of the cryptocurrency trading firm Alameda Research, penned a letter to the judge set to sentence Ryan Salame, co-CEO of FTX Digital Markets. Trabucco’s letter emerged amidst numerous inquiries about his whereabouts throughout the ongoing turmoil. In his message, Trabucco referred to Salame as his “best friend” […] Source CryptoX Portal

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday

U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw inflows of approximately $27 million during […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals

On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.” Rep. Thomas Massie Questions Introducing Bill to Abolish U.S. […] Source CryptoX Portal

The First Web3 RPG From Saudi Arabia Astra Nova Launches a SocialFi Platform on Immutable zkEVM

PRESS RELEASE. Astra Nova, the pioneering Web3 RPG from Saudi Arabia, is excited to announce the launch of its SocialFi platform, The Black Pass. This innovative platform is accessible through a free soulbound NFT and offers a competitive edge by tracking players’ in-game activity. On The Black Pass, users embark on social quests and collect […] Source CryptoX Portal

How to choose the best crypto portfolio tracker

Explore the variety and find the best cryptocurrency portfolio tracker for you in 2024 that could help manage your investments effectively. Against the backdrop of a recent surge in Bitcoin, many investors may be thinking about how to effectively manage their investments. Whether you’re a seasoned trader or just stepping into the world of crypto, keeping track of your portfolio is crucial for making informed decisions.  As a result, with the evolution of technology, crypto portfolio trackers have emerged as promising tools for investors. Understanding crypto portfolio trackers Crypto portfolio…

RockTree Capital Unveils Cyberpunk Crypto Future In New Website

PRESS RELEASE. Beijing, China – May 16th, 2024. RockTree Capital, a leading crypto-native fund and merchant bank headquartered in Beijing, announces the launch of its immersive website, showcasing a futuristic film-noir concept: the Cyberpunk Crypto City. The website’s cutting-edge interactive cityscape represents RockTree’s vision where Web3 has become pervasive, fusing technology, finance, and culture. The […] Source CryptoX Portal

Coinbase develops new service to target Australia’s $664b pension market

U.S. crypto exchange Coinbase is working on a new product offering digital assets for Australia’s growing self-managed pensions sector. Cryptocurrency exchange Coinbase is developing a yet-to-be-announced service that would offer crypto investment products for portfolios that make up about a quarter of Australia‘s $2.5 trillion pension system, Bloomberg reports, citing Coinbase Asia-Pacific managing director John O’Loghlen. Speaking on the matter, O’Loghlen hinted that the exchange’s new solution is designed to cater to clients who may only make a single allocation with the service provider rather than engaging in regular or…