Category: CryptoX News

MORPHO soars after Coinbase listing, but a potential correction may be looming

MORPHO crypto surged up to 20% on Feb. 28 despite a risk-off sentiment in the broader crypto market. However, technical indicators have turned bearish for the altcoin, suggesting a potential pullback is on the horizon. Morpho (MORPHO) soared to an intraday high of $2.44 on Friday, marking a 35% rise from its weekly low and bringing its market cap to nearly $500 million as of press time. The recent price rally was accompanied by a surge in trading activity, with daily trading volume doubling from the previous day to over…

Potential BTC Demand Zone Around $75K as Price Slide Looks to be a Textbook ‘Breakout and Retest’ Play

Remember the last time you went on vacation? After locking the door and heading toward your car, you likely turned back abruptly to ensure the lock was secure before continuing your journey. Financial markets, led by a range of human emotions, exhibit similar behaviors. After a convincing move beyond a long-held resistance, assets typically return to confirm the validity of the breakout. That serves as a test of the strength of the former resistance-turned-support, following which bigger rallies unfold. The “breakout and retest play” phenomenon is well-known across asset classes.…

Alibaba Announces $53 Billion AI and Cloud Computing Push

Chinese e-commerce giant Alibaba reported that it was ready to invest $53 billion in artificial intelligence (AI) and cloud computing initiatives in the next three years. The commitment is part of a gradual push of the company to these technologies, allowing it to increase its growth. According to Alibaba CEO Eddie Wu, AI has the […] Source CryptoX Portal

Senators Declare War on Crypto ATM Scams With Tough New Rules

New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto ATM Fraud Prevention Act (S. 710) to address the growing […] Source CryptoX Portal

Popular Crypto Wallet MetaMask Unveils New Roadmap

MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, shared a flurry of announcements on Thursday, aimed at improving its wallet’s user experience. Part of Metamask’s revamped roadmap includes adding smart contract capabilities to its current wallet. At the moment, MetaMask is an Externally Owned Account (EOA), a type of wallet that is controlled by a public and a private key. One of the main downfalls with EOAs is that it is subject to human error, meaning if you forget your private key, you lose your crypto holdings…

Bitcoin Price (BTC) Slips to $83K as Nvidia (NVDA) Slips 5% Post-Earnings

The January bursting of a massive speculative bubble in memecoins by itself seemed good enough reason for the general crypto market selloff of the past several weeks. The declines sped up in a big way this week, though, in part thanks to growing risk-off sentiment in the previously perky stock market. Down more than 2% about 45 minutes before the close of trade on Thursday, the Nasdaq is now lower by roughly 7% over the past handful of sessions. Today’s losses are being led by the chipmakers following Nvidia’s (NVDA)…

$63M Investment Fuels Raise’s Blockchain-Powered Smart Cards

Raise, a Chicago-based gift card marketplace, secured $63 million in funding led by Haun Ventures and backed by Paypal to expand its blockchain-based Smart Cards system, the company announced this week. Paypal-Backed Raise Raises $63M; Aims to Revolutionize Gift Cards via Blockchain The funding round, which included Accel, New Enterprise Associates and others, brings Raise’s […] Source CryptoX Portal

Here’s How Mainland China Allows Chinese Traders Access to BTC

Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure. Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging. If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program, why not bitcoin? The key, one expert argued on stage at Consensus Hong Kong, is control, and Beijing may have just found a way to keep it. In China, there are two systems for mainland…

BDACS Partners With Ripple to Boost Institutional Crypto Custody in South Korea

BDACS, South Korea’s first regulated custodian for institutional digital assets, unveiled a strategic alliance with blockchain firm Ripple on Feb. 26, 2025, designed to broaden safeguarded custody offerings for XRP, RLUSD, and related cryptocurrencies. Ripple, BDACS Forge Strategic Alliance According to Ripple’s announcement, the partnership mirrors the nation’s methodical regulatory blueprint for institutional digital asset […] Source CryptoX Portal