Category: CryptoX News

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…

Sonne Finance exploited for $20m, offers hacker reward for returning funds

The Sonne Finance landing protocol team announced that the project was hacked for $20 million. Sonne Finance noted that the portal’s work on the Optimism network was suspended during the investigation. The attacker stole nearly $20 million of crypto assets, including currencies WETH, VELO, soVELO, and USDC.e. The hacker exploited a vulnerability in the second version of the Compound platform. Compound allows users to attack markets with a non-zero collateral ratio. The developers of Sonne Finance added markets with VELO, but due to a two-day blockage, the team needed help…

Robinhood Europe debuts 5% APY Solana staking 

Digital asset trading platform Robinhood unveiled Solana-based services in Europe after delisting SOL in the U.S. due to regulatory concerns.  A May 15 press release stated that the Menlo Park service provider has enabled Solana (SOL) staking for European customers as part of its expansion across the bloc. Eligible users can now stake SOL tokens directly via the Robinhood application for as much as 5% annual percentage yield (APY), marking the company’s first-ever crypto-staking offering. The company is also rolling out localized versions of its platform to improve crypto adoption across Europe.…

Over 1 Million New Crypto Tokens Launched Since April

The crypto community created over one million tokens across all chains in the past month, with Solana and Ethereum leading the crypto token frenzy. According to Coinbase’s director, these numbers doubled the tokens created in Ethereum between 2015 and 2023. Related Reading Over 22,000 New Crypto Tokens Created Daily Coinbase’s director Connor Grogan shared on X that 1 million tokens have been launched since April 1, 2024. The tokens created in the Ethereum Network account for 36% of the total number, with 372,642 tokens launched in the past month and…

TRON DAO at Cornell Blockchain Conference

PRESS RELEASE. Geneva, Switzerland, May 15, 2024 – TRON DAO, a platinum sponsor at the Cornell Blockchain Conference, recently showcased its leadership at Cornell Tech on Roosevelt Island. The event attracted over 800 participants, including students, academics, and industry leaders, highlighting TRON DAO’s commitment to blockchain education and community interaction. Many of these participants visited […] Source CryptoX Portal

IOTA token spikes following public testnet launch

The token of the IOTA cryptocurrency project has grown sharply after announcing a new initiative. Against the backdrop of the general growth dynamics of the crypto market associated with the release of data on the inflation rate in the U.S. and the subsequent growth of Bitcoin (BTC), IOTA also increased in price after the IOTA Foundation announced the launch of the IOTA 2.0 public testnet with a built-in proof-of-consensus mechanism stake. According to CoinMarketCap data, the coin’s price has skyrocketed following the launch of the public testnet. After a prolonged…

Ripple Seeks Court Approval to Seal Sensitive Documents in SEC Lawsuit

Ripple Labs has filed a motion to seal remedy documents in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Ripple argues that these documents contain sensitive information, including proprietary business strategies, financial data, and internal communications. Public access to this information could give competitors an unfair advantage and damage Ripple’s market position. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Shibaswap Migrates to Shibarium Network, Expanding Access to 2 Chains

On May 15, the development team for the meme token project SHIB announced that the decentralized exchange (dex) Shibaswap has been ported to the Shibarium blockchain. SHIB’s lead developer detailed that Shibaswap’s trading platform is now accessible to users of both the Ethereum and Shibarium networks. Shiba Inu Devs Port Shibaswap Over to Shibarium According […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Global Banking Authorities Extend Crypto Regulatory Framework Deadline

The Group of Central Bank Governors and Heads of Supervision (GHOS) has reviewed the implementation of Basel III reforms and postponed the crypto asset standard implementation date to January 1, 2026. Basel III, finalized in 2017, continues to see widespread adoption, with two-thirds of member jurisdictions expected to implement the reforms fully or partially by […] Source CryptoX Portal

Gamestop, AMC Shares Plunge as ‘Roaring Kitty’ Keeps Posting Video Clips and Memes

On Wednesday, while equity markets experienced a rise following the release of the consumer price index (CPI) report, Gamestop’s stock GME tumbled 34%, and AMC’s shares fell more than 25%. Concurrently, the well-known ‘Roaring Kitty’ continued to share video clips of classic films, albeit with slight modifications. Meme Stock Slide: Gamestop, AMC Take Hits On […] Source CryptoX Portal