The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […] Source CryptoX Portal
As crypto markets face their biggest downturn of the cycle, long-term investors are increasingly holding onto their assets, analysts say. Bitcoin (BTC) is grappling with the most significant downtrend of the current cycle, but recent data suggests a shift towards a more patient and resilient investor base. According to a Glassnode report on Aug. 13, the market is experiencing its “largest downtrend of the cycle,” following an extended period of aggressive distribution by investors. Despite the challenging conditions, there’s a growing trend among long-term holders to retain their assets rather…
The Curve DAO price rose for the second consecutive day after developers reduced the token emissions. Curve (CRV) token jumped to a high of $0.3161, its highest level since July 15 and 77% above its highest point since Monday, Aug. 6. This rebound occurred as Bitcoin (BTC) and other altcoins pulled back. Some of the worst performers on Tuesday were Sui (SUI), Dogwifhat (WIF), and Aptos (APT). In an X post, Curve DAO developers noted that they will reduce emissions, marking the fifth consecutive year of reductions. They stated that…
Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […] Source CryptoX Portal
Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […] Source CryptoX Portal
A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […] Source CryptoX Portal
President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $1.61 billion to modernize the Acajutla and La Union ports. Bukele Announces […] Source CryptoX Portal
In a recent speech for the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an energy safety blanket for Texas’s grid infrastructure. Cruz described Bitcoin (BTC) as a “reservoir of power,” suggesting that it could serve as an energy safety net for the state’s grid infrastructure during extreme weather events or times of economic uncertainty. “What Bitcoin presents is an opportunity in real-time to enhance the resiliency of our grid,” said Cruz. These comments come as Bitcoin mining in Texas has sparked concerns over noise pollution and…
Dogecoin (DOGE) is on the move, climbing 3% in the past 24 hours, and 7% in the past week, once again catching the eye of traders. But according to one top analyst, this recent rise might just be the start of an extended rally. Dogecoin Leaps After Rejecting Key $0.10 Level Dogecoin has had a […] Source CryptoX Portal
Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the exchange stated. Additionally, Wazirx revealed that its bounty program has attracted 344 bounty hunters to help recover the stolen funds. […] Source BitcoincryptoexchangeExchanges CryptoX Portal