It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive […] Source CryptoX Portal
In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 […] Source CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor, and former CFO Federico Tovar were implicated in overstating the company’s financial performance and failing to disclose […] Source CryptoX Portal
A professor at Cornell University’s Dyson School, Eswar Prasad, has raised concerns about the increasing risks in the cryptocurrency market, pointing to regulatory gaps and centralization as key issues. “If anything, crypto today presents even greater risks to its investors and to our financial institutions than it did before,” he said. Cornell Professor’s Crypto Warning […] Source CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […] Source CryptoX Portal
The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid criminals to use these platforms for illicit purposes. […] Source CryptoX Portal
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency. Laffer Warns of U.S. Dollar Decline Amid Economic Policy […] Source CryptoX Portal
Tether CEO Paolo Ardoino believes MiCA’s latest regulatory move puts banking systems and the use of stablecoins in the EU at a “systemic risk.” In a recent interview with Cryptox, Ardoino shared his concerns about a passed MiCA regulation that took effect on June 30. See below. The newly implemented law requires stablecoin issuers under the EU to keep at least 60% of their reserves in EU-based bank accounts. The CEO highlighted that the regulation could be problematic because EU cash deposits above €100,000 are not insured, a relatively small…
Crypto traders expect Pepe, the popular meme coin, to hit a market capitalization of $10 billion ahead of Dogwifhat. Pepe (PEPE) has a 66% chance of achieving a fully diluted valuation of $10 billion ahead of Dogwifhat (WIF), according to a Polymarket poll. To reach a $10 billion valuation, Pepe, which currently has a market cap of $3.59 billion, would need to rise by 178% from its current level. While this is a challenging target, Pepe has already risen by over 450% this year, making it a possibility. On the…
Thai financial regulators have officially launched a Digital Asset Regulatory Sandbox to promote broader crypto adoption in Thailand. The sandbox allows participants to test crypto-related services under flexible regulation, with the goal of developing the Thailand digital asset capital market. The initiative follows a March resolution by the Thai SEC and a subsequent public hearing in May, where stakeholders supported the sandbox’s principles and proposed regulatory amendments. This project is important to crypto because Thailand has gradually introduced pro-crypto initiatives over the last few years. According to Statista, the country’s…