Category: CryptoX News

Crypto Braces For Impact As JPow’s Jackson Hole Speech Looms

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The crypto market slid into the week in a holding pattern, with price action grinding sideways and positioning increasingly tethered to one catalyst: Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Policy Symposium.…

Wyoming Launches First State-Issued Stablecoin FRNT

The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin. The FRNT stablecoin is a fully-collateralized digital token backed by short-duration US Treasury bills and US dollars, with a statutorily mandated 102% reserve requirement, the commission said in an announcement on Tuesday. According to CryptoAmerica host Eleanor Terrett, the FRNT is now live on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. “However, due to lingering regulatory hurdles, the token…

Bitcoin Bulls Are Safe From Losing $100,000 Support, Says Analyst

Key points: Bitcoin is safe from breaking below $100,000 for the rest of the current bull market, analyst BitQuant believes. The latest predictions hint that $145,000 is still in play for BTC price. A new dip below $114,500 closes a CME futures gap in place since July. Bitcoin (BTC) will not “come close” to $100,000 during the current correction with new all-time highs still to come. The latest predictions from popular X analyst BitQuant give hope to nervous traders, and include a $145,000 BTC price target. BitQuant hints road to…

Stellar Invests in UK-Based Archax to Expand Participation in the Tokenized RWA Space

Stellar, the cryptocurrency project, has announced a strategic investment in Archax, a UK-based exchange and custodian that caters to institutional customers. The partnership secures the use of Stellar in RWA tokenization processes and aims to establish a foothold in Europe for the project’s activities. Stellar Partners With Archax Targeting RWA Tokenization Tokienization of real-world assets […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ripple Extends $75M Credit Facility to Gemini as Exchange Pursues IPO

Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss. In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million. The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become…

Blockchain-based Lender Figure Files For US IPO

Blockchain-based lending company Figure Technology Solutions has filed publicly for an initial public offering in the US, joining a slate of crypto companies that have entered the market. The New York-based firm plans to list on the Nasdaq under the symbol “FIGR” with Goldman Sachs, Bank of America and Jefferies Financial Group leading the IPO. Some of its existing shareholders will sell shares in the offering, Figure said in a filing on Monday with the Securities and Exchange Commission. Figure said earlier this month that it had confidentially filed to…

Navigating CFTC Regulations for Crypto Funds 

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. A Guide to CFTC Rules for Crypto Investment Funds With U.S. regulators increasingly classifying […] Source CryptoX Portal

Illinois Passes Crypto Consumer Protection Laws

Illinois Governor JB Pritzker took a swipe at US President Donald Trump for allowing “crypto bros” to guide policy as he signed two new bills to regulate crypto in the state on Monday. “While the Trump Administration is letting crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers,” said Governor Pritzker on Monday while approving the legislation. Crypto policy has become divisive on a state level since the Republicans won in a landslide election in November, with some states such as Texas and Arizona fully…

Wazirx Awaits Court Green Light to Restart Platform After Massive Creditor Approval

Indian crypto exchange Wazirx is moving closer to a full relaunch after securing strong creditor backing and awaiting final court approval to implement its restructuring plan. Wazirx Eyes Platform Restart as Court Sanction Becomes Final Missing Piece Indian crypto exchange Wazirx announced on Aug. 18 that 95.7% of voting creditors approved its amended restructuring plan, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

From Satoshi to Foundry: The Titans of Hash Behind 910,000 BTC Blocks

Since Jan. 3, 2009, the Bitcoin network has mined over 910,000 blocks, with nine well-known mining pools responsible for discovering 48.78% of them. The following highlights the top ten entities that have mined 673,848 blocks, representing nearly three-quarters of all blocks produced since the network’s launch. The 10 Entities That Helped Write Bitcoin’s Ledger In […] Source CryptoX Portal