Category: CryptoX News

Coinbase (COIN) Q4 Results Were Reported on Thursday

Coinbase (COIN) topped already strong estimates for fourth quarter results, posting a 138% year-over-year gain in revenue. The leading U.S. crypto exchange posted fourth quarter revenue of $$2.27 billion against consensus $1.84 billion and $1.26 billion three months prior. Trading volume in the fourth quarter was $439 billion, up 185% from the year-ago level. Transaction revenue of $1.56 billion was higher by 194% year-over-year. “Crypto’s voice was heard loud and clear in the U.S. elections, and the era of regulation via enforcement that crippled our industry in the U.S. is…

MetaDAO Hires Futarchy’s Creator Robin Hanson as Advisor

MetaDAO’s push to revolutionize governance via markets-based decision-making is getting a boost from the creator of its creed: Robin Hanson. The crypto group on Thursday hired Hanson – a George Mason University economics professor who created the notion of futarchy a quarter century ago – as a paid advisor. His addition gives an intellectual and likely optical edge to the year-old project that commands a throng of Solana crypto-governance wonks. Futarchy rests on the premise that markets are better at determining optimal outcomes than politicians or even their voters –…

DOGE, XRP, SHIB are down bad yet this unknown crypto just flipped green

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As crypto faces declines, WallitIQ turns green, with predictions of a massive surge, attracting early investors. The crypto market is experiencing a turbulent phase, with major assets facing steep declines. Unlike the Dogecoin price, XRP and Shiba Inu (SHIB), which are struggling to recover, the WallitIQ (WLTQ) token has flipped green and is set for a 14,600% surge, making it the ultimate opportunity for early investors. WallitIQ: The hidden…

How Hong Kong Can Seize the Mantle as Asia’s Crypto Hub

Which market offers the most favorable environment for virtual assets? This distinction remains highly contested, with various financial centers competing to become leading hubs for digital assets, aiming to attract innovation, investment and jobs. In Asia, two of the most prominent players in this space are Hong Kong and Singapore. Hong Kong’s regulatory environment will be the lynchpin to its success. The right regime will not only provide guidelines to stakeholders but attract them in the first place. And though entrepreneurs and corporations are often the focus of such policy-making,…

QCP Capital Unveils Market Dynamics: Cautious Fed, BTC Rebound, and Options Market Activity

QCP Capital’s latest market update illuminates a notable transformation in economic and financial paradigms. QCP Capital Forecasts Delayed Fed Rate Cut Amid CPI Surge and Bitcoin Volatility According to QCP Capital’s findings, the headline consumer price index (CPI) figures outstripped forecasts, whereas core CPI saw only a marginal uptick. This inflationary momentum has recalibrated investor […] Source CryptoX Portal

U.S. BTC ETF Witness Third Consecutive Day of Outflows, As BTC Stalls

U.S. spot-listed bitcoin (BTC) exchange-traded funds (ETFs) have seen three consecutive days of outflows totaling $494 million. Wednesday’s outflows were the largest of the three, with $251 million, which saw BlackRock’s iShares Trust (IBIT) register a $22.1 million outflow, with Fidelity Wise Origin Bitcoin Fund (FBTC) registering the largest outflow of $102 million, according to Farside data. The outflows coincided with low volume in the ETFs, and Wednesday saw a total of just $2.58 billion in volume. IBIT registered less than $2 billion in volume, which put it as the…

Zimbabwe Not Ready to De-Dollarize, Says Finance Minister

Zimbabwe’s Finance Minister Mthuli Ncube stated that the country must regain access to credit lines before adopting the Zig as its sole currency. He emphasized the need to restructure $21 billion in debt, as Zimbabwe has been locked out of capital markets since 1999 due to defaulting on its debt. Clearing arrears would enable access […] Source CryptoX Portal

Tokyo-Listed Metaplanet Raises $26M to Buy More BTC, Will Join MSCI Japan Index Soon

Metaplanet (3350), a Japanese bitcoin (BTC) acquirer, will be added to the Morgan Stanley Capital International (MSCI) Japan index at the end of Feb. 28, according to the firm’s CEO Simon Gerovich. The MSCI index tracks mid-to-large-cap Japanese stocks, which serve as a key benchmark for institutional investors worldwide. As a result of inclusion, Metaplanet will benefit from increased exposure to global investment funds and exchange-traded funds (ETFs) that track MSCI indices. Gerovich on X highlighted the positive news that comes from inclusion, which includes increased visibility, passive inflows and…

Avalon Labs Explores First Bitcoin-Backed Public Debt Fund

Avalon Labs is evaluating the launch of a bitcoin-backed public debt fund, exploring its alignment with SEC Regulation A. U.S. SEC Framework Could Provide Structure for Bitcoin-Backed Debt Fund Avalon Labs is pioneering efforts to expand bitcoin’s role in the financial sector by exploring a regulated bitcoin-backed public debt fund. According to a post on […] Source CryptoX Portal