Category: CryptoX News

what lies ahead for Ethereum and other cryptos?

What factors are driving the bearish trend in altcoins, and when can we expect a turnaround? In the past month, the crypto market, especially altcoins, has faced a prolonged downturn, with many seeing striking losses.  Ethereum (ETH), the second-largest crypto by market cap, lost almost 10% of its value in the last 30 days, trading at around $2,960 as of May 13.  However, Ordinals (ORDI) has been hit the hardest, dropping by 40% and now trading at just $36.80. This market downturn aligns with global economic trends, such as the…

Moonpay Donates $1 Million to Stand With Crypto

Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials. Moonpay Contributes $1 […] Source CryptoX Portal

Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion

Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the cryptocurrency market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the global liquidity cycle, which has been influencing asset growth since 2008, along with the rapid adoption […] Source CryptoX Portal

Here are the best performing altcoins this month

We checked the performance of the top 15 altcoins by ROI in May 2024. Best performing altcoins by ROI from April 14 – May 14 2024 | Source: CoinGecko According to CoinGecko, the top-performing altcoin of the last 30 days is Pepe (PEPE). This meteoric meme coin has gained 106% in the last 30 days and is trading at $0.00001103 at the time of writing, just a little shy of its recent all-time high in price. Pepe has seen major gains due to its enthusiastic community sharing viral content featuring…

Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

On May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset derivative exchanges. The commission has urged digital asset intermediaries in similar situations to report their activities to the […] Source CryptoX Portal

Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months for Money Laundering

A Dutch court has sentenced Tornado Cash developer Alexey Pertsev to five years and four months in prison for laundering $2.2 billion through the cryptocurrency mixing service. The case represents a pivotal moment for decentralized finance (defi) regulation and crypto privacy. Dutch Court Imprisons Tornado Cash Developer for $2.2 Billion Money Laundering via Crypto Mixing […] Source CryptoX Portal

Former CFTC Chair joins Paxos board of directors

Former Commodity Futures Trading Commission Chair J. Christopher Giancarlo will join the board of directors at Paxos. According to a press release from Paxos, the former head of the CFTC will join the board of directors of the stablecoin issuing company. The firm hired Giancarlo to work among other directors, including former U.S. Senator Bill Bradley. “Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos […] His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation.” Charles Cascarilla,…

TRON DAO Adds Google Cloud as a Super Representative Candidate on the TRON Blockchain

PRESS RELEASE. Geneva, Switzerland, May 14th, 2024 – TRON DAO today announced that Google Cloud has joined its roster of Super Representative candidates on the TRON blockchain. Super Representatives are responsible for producing blocks and packing transactions to help ensure blockchain governance on the TRON network. This initiative builds on TRON’s collaboration with Google Cloud […] Source CryptoX Portal

Roaring Kitty Return Continues to Fuel Meme Stock and Crypto Frenzy: GME, AMC, and Meme Coins Soar

On Tuesday, shares of Gamestock and AMC Entertainment Holdings continued to soar, fueled by retail investors following the reappearance of Keith Gill’s online persona, ‘Roaring Kitty.’ This upward momentum also spilled over into the cryptocurrency market, with meme coins like roaring kitty (ROAR) jumping 175% and the wall street bets token rising 1,121% against the […] Source CryptoX Portal