Category: CryptoX News

How BDAG deals paid off big; Polygon, Celestia analysis shift

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover how BlockDAG’s SpaceDev and Inter Milan partnerships fuel its $205.5m presale, while Celestia price analysis shows resistance and Polygon faces uncertainty. Celestia has been holding strong, but the latest Celestia price analysis suggests that momentum might be slowing. TIA is facing resistance, and a breakout isn’t guaranteed without stronger market signals. Over in the Layer-2 space, Polygon (MATIC) isn’t having the easiest time either. While Bitcoin surges, MATIC…

Shuttered Russian Crypto Exchange Garantex Rebrands as Grinex, Global Ledger Finds

Less than two weeks after it was taken down by international law enforcement authorities, Garantex — a Russian crypto exchange popular with ransomware gangs and sanctions-evading oligarchs — has allegedly already risen from the ashes, rebranding itself as Grinex. According to a new report from Swiss blockchain analytics firm Global Ledger, a slew of on and off-chain data indicates that Grinex is a direct successor to Garantex. Some liquidity from Garantex, including all of Garantex’s holdings of a ruble-backed stablecoin called A7A5, has already been moved to Grinex-controlled wallets. Global Ledger CEO…

From Test Transfers to Treasury Shifts—Bhutan Moves 600 BTC to an Unknown Wallet 

The Royal Government of Bhutan (Druk Holdings) has discreetly transferred approximately 600 bitcoin—equivalent to $52 million at prevailing BTC exchange rates—in a recent fiscal maneuver. Fourth Largest Nation State Bitcoin Holder Bhutan Moves $52M According to Arkham Intelligence data, the monarchy relocated 600 BTC on Monday, March 25, marking its first such action since mid-February, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Former Bittrex Execs Raise $40M in BTC to Back Barbados-Licensed Insurance Firm

Tabit Insurance, a Barbados-regulated insurance company established by former executives from the now-shuttered cryptocurrency exchange Bittrex, said it raised a $40 million reserve composed entirely of bitcoin (BTC) with which to write traditional insurance and reinsurance business. The insurer, which emerged in January of this year with plans to offer bitcoin-backed liability policies for company directors and officers (D&O), claims to be the first regulated risk carrier to rely on bitcoin-only reserves to write traditional policies priced in U.S. dollars. The firm has a class 2 insurance license from the…

How long will Bitcoin’s price consolidation last?

Bitcoin (BTC) price has been consolidating in a wide range between $76,600 to $87,500 since March 11.  According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range. XRP/USD daily chart. Source: Cryptox/TradingView BTC price must reclaim $90K to end consolidation  Bitcoin may continue consolidating in its current range for a bit longer, particularly if $90,000 is not reclaimed, says one popular crypto analyst. In a March 23 post on X, market…

Ripple, Dogecoin Edge Higher, Ether Burn Falls to Record Low

Bitcoin (BTC) topped $87,000 early Monday with solana (SOL), xrp (XRP) and dogecoin (DOGE) adding more than 4% to start the week in the green as traders eyed the release of further U.S. economic data for cues on further positioning. Bitcoin mostly hovered around $85,000 over the weekend, restrained by concern over inflation and the broader U.S. economy. SOL led gains among major cryptocurrencies with a 5% bump in the past 24 hours, while tron’s TRX led losses, dropping 4% to further pare gains after a memecoin-led price bump last…

Gcash Connects 100 Million Philippine Users to USDC Dollar Network

Gcash opens access to USDC for 100 million users in the Philippines, enabling stable, dollar-backed digital currency use for global payments, savings, and financial empowerment. Gcash Opens Philippine Wallets to Dollar-Backed USDC in Massive Crypto Shift Mobile wallet provider Gcash, a dominant force in digital finance in the Philippines, announced on March 18 in Manila […] Source CryptoX Portal

Japan’s Metaplanet adds 150 BTC, now holds 3,350 BTC

Metaplanet has added 150 BTC to its treasury at an average price of ¥12.57 million ($80,000) per BTC, totaling ¥1.886 billion ($12.1 million).  According to Metaplanet’s Mar. 24 official statement, this brings its total Bitcoin (BTC) holdings to 3,350 BTC, purchased at an overall cost of ¥42.22 billion ($270 million), averaging ¥12.60 million ($80,200) per BTC. Since formally embracing Bitcoin as a key part of its business, Metaplanet has quickly grown its holdings to become the biggest corporate Bitcoin holder in Asia.  The company has used stock acquisition rights through…

Acting SEC Chair Rejects Enforcement—Demands Real Crypto Rules

The acting SEC chair urged rulemaking over enforcement to clarify crypto regulations and avoid courtroom confusion. Acting SEC Chair Urges Crypto Reset—Classification Shouldn’t Be Courtroom Chaos Acting U.S. Securities and Exchange Commission (SEC) Chairman Mark T. Uyeda led the inaugural session of the agency’s Crypto Task Force roundtable on March 21 in Washington D.C. He […] Source CryptoX Portal

UK should tax crypto buyers to boost stock investing, economy, says banker

The UK should begin taxing crypto purchases in a bid to sway Britons to invest in local stocks, which could boost the country’s economy, says the chair of investment bank Cavendish, Lisa Gordon. “It should terrify all of us that over half of under-45s own crypto and no equities,” Gordon told The Times in a March 23 report. “I would love to see stamp duty cut on equities and applied to crypto.” Currently, the UK lumps a 0.5% tax on shares listed on the London Stock Exchange, the country’s largest…