Category: CryptoX News

S.Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report

South Korea’s central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea Economic Daily report. In response to a question posed by a member of the National Assembly’s Strategy and Finance Committee, the BOK made it clear on Sunday that it has not entertained the notion of embracing BTC. The primary deterrent for the BOK is bitcoin’s notorious price instability, where the central bank fears that the wild swings in…

Kraken to Offer Superfast Trading With the Planned Launch of Colocation Service

Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday. The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond. “Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions,” said Shannon Kurtas, head of exchange at Kraken, in the release. Trading is…

Crypto Whale Shorts $445M in BTC While Taking Bullish Bet on MELANIA Token, Hyperliquid Data Show

Bitcoin (BTC) has steadied since last Tuesday, bouncing to its 200-day average above $84,000 over the weekend. Still, a crypto whale has taken a contrarian stance by raising a leveraged bearish bet on BTC worth millions on Hyperliquid while betting bullish on the MELANIA token. As of writing, the whale held a short position in BTC perpetual futures worth over $445 million, generating an unrealized gain of $1.3 million. The position employed a 40x leverage and a liquidation price of $86,000, according to data source Hyperliquid and Lookonchain. The outsized…

Coinbase’s Government Network Expands—145 US and 29 Global Entities Onboard

Coinbase is deepening ties with 145 U.S. government entities as the nation accelerates bitcoin adoption, signaling unprecedented institutional demand and a seismic shift in crypto policy. Coinbase Strengthens Ties With Governments as US Embraces Bitcoin Coinbase CEO Brian Armstrong highlighted the company’s expanding partnerships with government entities in a social media post last week. He […] Source CryptoX Portal

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the resolution. Ripple’s Legal Battle With SEC Over XRP Could Be Over in Days—If This Condition Is Met Legal expert Jeremy Hogan has weighed in on speculation surrounding the U.S. […] Source CryptoX Portal

Mr. Wonderful says the crypto cowboy era is over. Really?

As President Donald Trump stakes his claim on the future of cryptocurrency in America, investors and industry insiders are divided on whether his administration truly marks a turning point for digital assets. Kevin O’Leary, chairman of O’Leary Ventures and a longtime cryptocurrency advocate, recently lauded Trump’s stance on digital assets, arguing that this administration is ushering in a “new phase” for the industry. Speaking on “My View with Lara Trump,” O’Leary asserted that the so-called “cowboy era of crypto” — marked by high-profile fraud cases and regulatory uncertainty — was…

40x Leverage, Millions on the Line—Meet the Trader Betting Big Against BTC

This weekend, a trader on Hyperliquid, a decentralized derivatives exchange, has been making waves with an eye-catching bitcoin short position. Using 40x leverage, the trader’s bet carries a notional value of approximately $379 million—enough to turn plenty of heads in the crypto world. Trader ‘Tether FUD’ Makes Waves With Bold Bitcoin Short Play At 1 […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Prediction Markets Show Poilievre and Carney Locked in a Nail-Biting Battle for Canada’s Leadership

This past week, Mark Carney officially stepped into his role as Canada’s 24th prime minister during a ceremony at Rideau Hall in Ottawa, officiated by Governor General Mary Simon. At the time, a Polymarket bet revealed Carney had initially jumped ahead of Pierre Poilievre, head of the Conservative Party of Canada. Though Poilievre has since […] Source CryptoX Portal

BC.GAME Kicks off IPL 2025 Global Celebration with Million-Dollar Prize Pool

NICOSIA, Cyprus, March 14, 2025 /PRNewswire/ — As the 2025 Indian Premier League (IPL) season approaches, crypto igaming platform BC.GAME is launching a series of promotions offering over $100,000 in prizes. Throughout the tournament, users can win free bets and cash prizes through a variety of activities, including leaderboard challenges, prediction contests, and deposit bonuses. IPL Preseason Prediction: Free Bets on Early Calls Between March 14 and March 21, players are invited to take a free prediction challenge before the IPL season begins. Predict the IPL champion and top four teams to…