President Donald Trump outlined his administration’s vision for U.S. leadership in cryptocurrency and financial technology during the Digital Asset Summit. Trump Touts Crypto as Key to U.S. Economic Growth Addressing the summit’s attendees via video feed, Trump declared his commitment to making America the global center for digital assets. “Together we will make America, the […] Source CryptoX Portal
Category: CryptoX News
Binance US Relaunch Won’t Happen Anytime Soon, Confirms Executive
Key Notes Binance executive highlighted the crypto-friendly stance of the Trump administration, noting eased regulatory pressures. McWhirter also dispelled rumors of a potential relaunch or deal involving the Trump family. Despite handling $20 billion in daily trading volume, Binance has yet to finalize an official headquarters . Binance US relaunch won’t happen anytime soon, confirmed Steven McWhirter, Binance’s global policy lead. He explained that it’s still too early to discuss the company’s potential return to the U.S. market. A recent WSJ report last week stirred discussion that founder Changpeng Zhao (CZ)…
Dr. Copper, Once Positively Correlated to Bitcoin, Nears Record High. Will BTC Follow Suit?
Copper, recognized as a reliable economic indicator for decades, is nearing record highs. Seasoned crypto traders may recall periods when bitcoin (BTC) and copper exhibited a strong positive correlation and may quickly draw bullish conclusions from the recent rally in the red metal. If that’s not enough, BTC’s best years have been characterized by a rally in the copper-gold ratio, which is beginning to rise. However, the latest copper rally is driven by factors other than positive cues from global economy, warranting caution while seeing it as a bullish indicator…
South Korean Prosecutors Raid Bithumb Over Allegations of Ex-CEO Embezzling Funds From Exchange
Prosecutors in South Korea have launched an investigation into Bithumb, one of the country’s largest cryptocurrency exchanges, over claims that company funds were improperly used to assist a former executive in purchasing an apartment. Officials from the Seoul Southern District Prosecutors’ Office raided Bithumb’s headquarters in Yeoksam-dong and other locations on Wednesday., according to local media report. Wu Blockchain reported that some projects had paid up to $10 million in fees to list their tokens on Upbit and Bithumb. The probe focuses on allegations that Bithumb provided a 3 billion…
Donald Trump Scheduled to Speak at Blockworks Digital Asset Summit
Donald Trump will make history as the first sitting U.S. President to address a crypto conference when he speaks at the Blockworks Digital Asset Summit in New York City on Thursday, according to the event organizer and crypto media firm Blockworks. Trump headlined the July 2024 Bitcoin Conference in Nashville, Tennessee, but that was before […] Source CryptoX Portal
Binance Recognized by Singapore Police for Fighting Cybercrime
Binance just earned major recognition from Singapore’s police for its fight against cybercrime, standing alongside tech giants like Google and Microsoft. Binance Honored by Singapore Police for Cybercrime Prevention Binance announced on March 19 that it has been recognized by the Singapore Police Force (SPF) for its contributions to cybercrime prevention. The cryptocurrency exchange received […] Source BitcoincryptoexchangeExchanges CryptoX Portal
DFSA Promotes Tokenization With New Regulatory Initiative
The Dubai Financial Services Authority has launched the tokenization regulatory sandbox to support firms developing tokenized investment products within the Dubai International Financial Centre. Crypto Tokens Excluded The Dubai Financial Services Authority (DFSA) has announced the launch of its Tokenisation Regulatory Sandbox, a new initiative designed to support firms exploring tokenized investment products and services […] Source CryptoX Portal
Crypto fear and greed index hits 49 as fed holds rates steady
The Crypto Fear and Greed Index has climbed 17 points in a day, reaching 49 on Mar. 20, moving from “Fear” to “Neutral” territory. Alternative’s Crypto Fear and Grid index gauges investor sentiment by examining market momentum, volatility, Bitcoin dominance, and social media trends. The shift to neutral sentiment indicates a more balanced view of the market, with investors being neither overly fearful nor excessively greedy Improving sentiment came about as markets reacted positively to the Federal Reserve’s Mar.19 decision to maintain interest rates at 4.25%–4.50%, prolonging its pause on…
Chibi Clash: The Best Fighting Game of 2024?
Regina explores continues to explore Web3 gaming, now with Chibi Clash. Chibi Clash was recently recognized as the Best Fighting Game of 2024. Quick Recap from Pixel Heroes Adventure (PHA) Pixel Heroes Adventure is an action-packed Web3 MMORPG where players embark on epic quests, battle fierce enemies, and collect powerful heroes. 🚀 Play2Airdrop is soon […] Source CryptoX Portal
Libra’s ‘Misleading Launch’ Faces Class-Action Lawsuit
The class action lawsuit, filed by Burwick Law before the Supreme Court of New York, alleges that Kelsier Ventures, KIP Protocol, Meteora, and other related parties orchestrated an unfair token launch, misleading purchasers and harming Libra’s retail investors. Burwick Law Introduces Class Action Lawsuit Against Libra Token Co-Founders La Libertad Avanza, better known as the […] Source CryptoX Portal