Category: CryptoX News

Riot Platforms Bucks Trend of Weak January Bitcoin Production Figures

Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data. However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines. MARA Holdings (MARA) mined 750 BTC in January, representing a 13% decline from December. Similarly, Cleanspark (CLSK) saw a 6% decrease, mining 626 BTC. Other mining firms also reported negative month-over-month production figures: IREN (IREN): 2% decline Core Scientific (CORZ): 13% decline…

Bitcoin (BTC) in a Mire, Gold Eyes 6th Straight Weekly Gain as Jobs Data Looms

Bitcoin (BTC) continues to dawdle, failing to capture trader enthusiasm amid chatter about prices being overvalued, while gold remains strong ahead of the release of the U.S. jobs report, which will influence the Fed’s rate plans. Recent analysis from CryptoQuant indicates that bitcoin’s fair value lies between $48,000 and $95,000, highlighting that it appears overvalued at its current market price, which hovers just above $98,000. The analytics firm’s Bitcoin’s Network Activity Index has plummeted 15% from its peak in November to 3,760 points, the lowest level in over a year.…

Russia and Ethiopia Take Steps Away From US Dollar as Dedollarization Grows

Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and Ethiopia Deepen Currency Ties Countries worldwide are increasingly shifting away from the U.S. dollar in trade, opting instead […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Coinbase Pressures Regulators to Let Banks Hold Crypto—Game-Changer Ahead?

Coinbase is demanding federal regulators tear down banking barriers to crypto, arguing that clear, enforceable rules will unlock financial innovation, stability, and mass adoption. Coinbase Battles Banking Barriers—Will the Feds Finally Open the Floodgates? Crypto exchange Coinbase (Nasdaq: COIN) is pressing federal banking regulators to create standardized regulations for cryptocurrency-related services within the banking industry. […] Source CryptoX Portal

Student who turned $577 into $70k with PEPE eyes viral PEPE competitor

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A student turned $577 into $70k with Pepe coin and now seeks the next big altcoin to replicate that success. Pepe coin initially sold for a shockingly low $0.00000000019. Few could have foreseen the astronomical value increase that would climax at $0.000004353 in 2023. During this price surge, a college student spent $577 on Pepe coin for fun. Their first investment exploded to an amazing $70,000 in value; thus,…

FDIC Releases 175 Crypto Banking Docs, Signaling Regulatory Overhaul

The FDIC’s release of 175 documents marks a major shift toward transparency, signaling new opportunities for banks to engage in crypto as regulators reassess outdated policies. Regulators vs. Crypto: FDIC Signals New Approach With Massive Document Dump The Federal Deposit Insurance Corporation (FDIC) released 175 documents on Feb. 5, detailing its oversight of banks engaged […] Source CryptoX Portal

Winklevoss Twins Eye Gemini IPO

Cryptocurrency exchange Gemini, founded by billionaire twin brothers Tyler and Cameron Winklevoss, may file for an initial public offering (IPO) this year according to reporting by Bloomberg. The firm is one of the largest global exchanges by 24-hour trading volume – about $170 million, according to the Coin Market Cap website where it’s currently ranked […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum’s ‘Pectra’ upgrade set for Holesky and Sepolia testnets

Ethereum’s Pectra upgrade is set to go live on the Holesky and Sepolia testnets in February and March, according to the latest announcement from core developers. On Feb. 6, Ethereum (ETH) core developers confirmed that the Pectra upgrade will launch on the Ethereum test networks Holesky on February 24, 2025, and Sepolia on March 5, 2025. If all goes well, the highly anticipated network update will go live on the mainnet in April. Earlier timelines had the mainnet in March Tim Beiko, an Ethereum core developer and Ethereum Foundation support…

1inch Elevates Cross-Chain Trading via ZKsync Alliance  

1inch has woven ZKsync into its cross-chain swap architecture, empowering users to exchange assets across networks with accelerated processing and minimized fees. ZKsync Joins 1inch’s Cross-Chain Ecosystem This upgrade aims to amplify 1inch’s technical prowess, permitting asset transfers between blockchains via ZKsync’s layer two (L2) framework. By leveraging zero-knowledge rollup (ZK-Rollup) protocols, ZKsync condenses transactions, […] Source CryptoX Portal