Category: CryptoX News

A Lesson for Crypto Investors

A UK judge has dismissed the long-standing legal case of James Howells, who sought access to a landfill containing a hard drive with Bitcoin worth more than $770 million. This ends the 12-year saga for the IT engineer from Newport, Wales that captivated the cryptocurrency community all these years. Back in 2009, Howells mined 8,000 Bitcoin, which was valued very low back then but is now trading around $94,600, with the stage set for a major BTC comeback after recent price drops. However, Howells’ former partner mistakenly disposed of the…

Bitfinex Derivatives Moves to El Salvador After Receiving License

Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving a Digital Asset Service Provider (DASP) license. Bitfinex Derivatives El Salvador S.A. de C.V., a Salvadoran local entity, will now provide these services. Customers must approve a new set of service terms to […] Source CryptoX Portal

CryptoQuant CEO and Citi analysts

The CEO of CryptoQuant, an on-chain market analytics firm, predicts that altcoins might not be the game-changer in 2025. However, analysts at Citi share a positive sentiment. How will 2025 turn out to be for altcoins, then? CryptoQuant CEO Ki Young Ju shares that the altcoin market is in a “zero-sum PvP game” gains are largely internal, and there is no new capital inflow in the market. This means that in the current altcoin market, for one person to win, another has to lose the exact amount. It’s reminiscent of a competitive…

Job Seekers Beware: Fraudulent Offers Conceal Dangerous Crypto Malware

Job seekers are being targeted by a sinister scheme, with fake listings installing hidden cryptocurrency mining malware that silently hijacks systems and drains resources. Crypto Malware Disguised as Job Listings Is Preying on Job Seekers Cybersecurity firm Crowdstrike has revealed details of a phishing scheme in a blog post published Tuesday, outlining how attackers manipulate […] Source CryptoX Portal

Aptos Adopts Chainlink Standard to Advance Web3 Development

Aptos, a layer one (L1) blockchain project, has integrated Chainlink data feeds to enhance decentralized application (dapp) development on its platform. Aptos Partners With Chainlink This collaboration provides developers on the Aptos network with access to Chainlink‘s tamper-proof and decentralized data feeds. The integration aims to support the creation of secure and efficient applications, leveraging […] Source CryptoX Portal

Is USDT Losing to RLUSD and USDC?

Is the EU’s MiCA framework forcing investors to rethink their allegiance to Tether’s USDT and explore alternatives like Circle’s USDC and Ripple’s RLUSD? USDT under radar For years, Tether’s USDT (USDT) has been the go-to stablecoin for traders and investors. Yet, as we step into 2025, its dominance is starting to waver, particularly in the European Union, where mounting regulatory scrutiny and growing competition are challenging its unshakable reputation. The turning point came on December 30, 2024, with the full implementation of the European Union’s Markets in Crypto-Assets regulations.  Designed…

Polymarket’s Customer Data Sought by U.S. CFTC Subpoena of Coinbase, Source Says

Coinbase Inc. (COIN) is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data. Copies of the emails shared with some customers have circulated on social-media sites, and those warnings about the U.S. Commodity Futures Trading Commission (CFTC) requests are accurate, the person said. The U.S. derivatives regulator has conducted a drawn-out legal battle with prediction markets firms, and this…

FV Bank Integrates Paypal’s PYUSD Stablecoin for Real-Time Transactions

FV Bank, a U.S.-licensed digital bank, has announced the integration of Paypal USD (PYUSD), a stablecoin, into its banking platform. This addition expands the bank’s stablecoin offerings, enabling direct deposits and outbound payments for account holders. FV Bank Enables Paypal Stablecoin for Instant Cross-Border Payments FV Bank‘s newly implemented feature allows customers to receive PYUSD […] Source CryptoX Portal

What 2025 Holds for Tokenized Real World Assets

Real world assets (RWAs). This is what the crypto natives and institutions are now calling on-chain representations of ownership in real estate, debt, equity, fund LP units, and other traditional assets. Throughout 2024, RWA tokenization grew in popularity thanks to key catalysts including: BlackRock tokenizing one of its funds and investing in a tokenization company. Banks and asset managers graduating from proofs of concept to in-production use cases. Licenses being granted such as 21X under the DLT Pilot Regime, Ursus-3 Capital as the first ERIR in Spain, and Nomura’s Laser…