Category: CryptoX News

SEC Drops OpenSea Investigation Easing Pressure on NFT Market

The U.S. Securities and Exchange Commission (SEC) is closing its investigation into major non-fungible token marketplace OpenSea, the platform’s founder and CEO Devin Finzer said on social media. The regulator issued a Wells notice against OpenSea in August 2024, indicating it was planning on pursuing an enforcement action against it. The regulator alleged the platform may have been operating as an unregistered securities marketplace. The SEC’s move comes as the regulator is slated to vote on a deal negotiated with Coinbase to drop its lawsuit against the exchange, which is…

BitLemons vs. Cardano vs. Polkadot

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As crypto volatility rises, investors eye opportunities in Bitcoin, BitLemons, Cardano, and Polkadot. As the crypto market navigates through heightened volatility, savvy investors are turning their attention to three distinct opportunities. While Bitcoin hovers near its recent ATH, emerging platforms like BitLemons (BLEM) are positioning themselves alongside established players Cardano (ADA) and Polkadot (DOT) as potential portfolio cornerstones. Is BitLemons redefining the GambleFi landscape? In a sector ripe for…

Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement

A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose. […] Source CryptoX Portal

Safemoon’s Former CTO Pleads Guilty to Fraud

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […] Source CryptoX Portal

Dogecoin whales are making their move; which one will explode in 2025?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Dogecoin investors shift positions, attention turns to XYZ and Shiba Inu, with big gains expected. Large investors in Dogecoin are shifting their positions, igniting curiosity about the next potential surge in cryptocurrencies. With attention turning to tokens like XYZ and Shiba Inu, the question looms: which one is set to soar by 2025? The unfolding moves might reveal where the significant gains could be found. XYZ’s rise to…

Strike Launches Callback Phone Support

Bitcoin payments firm Strike now offers callback phone support to its verified U.S. customers. “We know that sometimes a phone conversation is the most effective way to get the help you need,” the company said when it officially announced the service on Thursday, also calling it “the best support experience in bitcoin.” Phone support is […] Source CryptoX Portal

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s […] Source CryptoX Portal

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase’s CEO says winning against the SEC was crucial to protecting U.S. crypto, accusing the agency of overreach and political intimidation. Coinbase CEO Reveals Why Standing Up to the SEC Was Essential Following the U.S. Securities and Exchange Commission’s (SEC) decision to withdraw its lawsuit against Coinbase, CEO Brian Armstrong addressed the situation, explaining why […] Source CryptoX Portal

Bybit Faces Historic Withdrawals—350K Requests and Counting

Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent […] Source CryptoX Portal