Category: CryptoX News

Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Cardano’s price action has shown signs of recovery after a recent dip, with the cryptocurrency bouncing from its lower support level. Over the past 24 hours, Cardano has gained close to 1%,…

AML Bitcoin creator convicted of wire fraud, money laundering

The founder of a cryptocurrency exchange whose namesake was tied to Anti-Money Laundering (AML) was found guilty of wire fraud and money laundering in a California court. In a March 12 trial in the US District Court for the Northern District of California, a jury found AML Bitcoin creator Rowland Marcus Andrade guilty of two felony counts as part of a scheme to defraud investors. Authorities initially filed criminal charges against Andrade in June 2020 in parallel to a civil case filed by the US Securities and Exchange Commission (SEC)…

Venice Burns One Third of Total Token Supply

The burn was conducted after the conclusion of Venice’s airdrop, which began at the end of January and ended on Wednesday. Crypto AI Startup Venice Burns $100M in Tokens Bitcoin and crypto entrepreneur Erik Voorhees’s Privacy-focused AI startup Venice concluded its airdrop on Wednesday after distributing 17.4 million Venice tokens (VVV) to more than 40,000 […] Source CryptoX Portal

Decentralizing Power: Unlocking AI Potential With io.net’s GPU Network

io.net is a decentralized GPU network that offers scalable and cost-effective computing power for machine learning and artificial intelligence applications. Boasting over 325,000 verified GPUs, io.net aims to address the GPU supply crunch by creating a more accessible and efficient marketplace for compute resources. Tausif Ahmed is the Chief Business Development Officer at io.net, a […] Source CryptoX Portal

Market Trends & Investor Risks

Memecoins have been in the news lately, primarily driven by the launch of the President’s $Trump coin. Recently, the U.S. SEC clarified that, for the most part, memecoins are not securities as they don’t meet the Howey test. That doesn’t mean clients won’t be asking questions about these assets, though. So in today’s crypto for advisors, Janine Grainger from New Zealand-based Easy Crypto provides a breakdown of what memecoins are, how they work and the risks associated with them. Then, Kieran Mitha, a next-gen investor, answers questions about learning about…

Bitcoin (BTC) Miner IREN (IREN) Upgraded to Overweight, Cipher Mining (CIFR) Cut to Neutral: JPMorgan

Wall Street bank JPMorgan (JPM) updated its bitcoin (BTC) miner price targets and estimates following fourth-quarter 2024 results and to account for changes in the bitcoin price and the network hashrate. JPMorgan raised IREN (IREN), its top pick in the sector, to overweight from neutral, and cut its price target to $12 from $15. The shares were 2.7% higher at $7.23 in early trade. Cipher Mining (CIFR) was downgraded to neutral from overweight, while the bank withdrew its $8 price target. The stock fell 3% to $3.10. The bank reiterated…

The 2 Factors That Suggest a Quarter-End Bitcoin Price Rally

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has steadied over the past two days, with bitcoin briefly topping the 200-day simply moving average at $84,000 early today. Wednesday’s softer-than-expected U.S. CPI release aided the sentiment by validating traders’ pricing of four interest-rate cuts by the Federal Reserve this year. The past 24 hours’ recovery was led by the memecoin sector, followed by tokens of layer-1 and layer-2 blockchains as well as AI tokens, according to data source Velo. Still, issues such as President Trump’s tariffs,…

Lawyer Requests Interpol Red Notice For Libra Founder Hayden Davis: Report

A lawyer in Argentina has requested an international arrest order for Hayden Davis, the founder of memecoin LIBRA, Buenos Aires newspaper Pagina 12 reported on Thursday. Attorney Gregorio Dalbon raised the procedural risk of U.S. citizen Davis remaining at large and of his financial resources allowing him to stay in hiding, according to the report. The lawyer therefore requested that “the international arrest of Davis be ordered and that an Interpol red notice be issued in order to locate and arrest him, with a view to his extradition,” in a…

Bybit CEO reacts to Hyperliquid ETH liquidation, questions DEXs guardrails

Bybit CEO Ben Zhou shares his thoughts on the massive Hyperliquid ETH whale liquidation which led to the platform losing $4 million. He highlights issues that come with leverage on CEXs and DEXs. In a recent post, Zhou explained how the whale was able to pull off an enormous liquidation with a long position of 175,000 ETH (ETH) (valued around $340 million) with 50x leverage without triggering a market crash. He said the whale was able to make a “quick and clean” exit while letting Hyperliquid take the fall. “Why…