Category: CryptoX News

XRP dethrones USDT, now ranked third largest crypto

XRP has reclaimed its spot as the third-largest cryptocurrency by market cap and trails just Bitcoin and Ethereum. According to data from crypto.news, XRP’s market cap is nearing the $140 billion threshold. The token is already $2 billion more valuable than stablecoin issuer Tether which has a market cap of around $137 billion. XRP has gained nearly 15% over the past seven days and is up nearly 350% over the past year. Price chart for XRP in the past few months | Source: crypto.news Ripple’s recent rally has been ongoing…

5th Largest Bank in Turkey to Launch Crypto Trading Service

Garanti BBVA Kripto will allow Garanti BBVA customers to buy and sell cryptocurrencies legally in Turkey. European Banks Expanding Services to Include Crypto Turkey’s fifth largest bank, Garanti BBVA is set to launch its crypto trading services for retail users via its crypto custody platform, Garanti BBVA Kripto. Owned by Spanish banking giant, Banco Bilbao […] Source CryptoX Portal

Crypto insider predicts Polkadot at $20, Ethereum at $6K, and Catzilla up 12,000% next year

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto expert predicts Polkadot will reach $20, Ethereum $6K, and Catzilla with a 12,000% surge in 2025, exciting investors. A leading expert in the crypto industry has shared striking predictions for the next year. Key cryptocurrencies like Polkadot and Ethereum are expected to see substantial growth. Additionally, a new player called Catzilla might experience an unprecedented surge. These projections hint at exciting times ahead in the digital currency market,…

Analyst warns of a multi-year crypto bear market

Jacob King, an analyst with WhaleWire, has issued a warning about Bitcoin’s trajectory and the broader crypto market. In a post on X, King highlighted key developments that he believes could trigger a prolonged bear market. King pointed to MicroStrategy’s decreasing Bitcoin (BTC) purchases, El Salvador’s apparent shift away from its Bitcoin-focused policies, and BlackRock’s sizable sales of BTC holdings as critical warning signs for investors. In the past, King has frequently labeled MicroStrategy’s Bitcoin-focused business model a “giant scam,” arguing that it is unsustainable and destined for collapse. MicroStrategy’s…

IRS Crypto Tax Reporting Requirements Stir up Mass Confusion

Some in the crypto community assumed the IRS was backpedaling on reporting requirements, but all requirements are still firmly in place, the agency simply announced a grace period for exchanges to upgrade their technology. IRS Grants Crypto Exchanges More Time to Implement Platform Upgrades Confusion ran rampant on Thursday after several publications posted ambiguous headlines […] Source BitcoincryptoexchangeExchanges CryptoX Portal

BTC and ETH Defy Expectations: Report Highlights Calm Markets Amid Year-End Options Expiry

A collaborative study from Bybit and Block Scholes provides an in-depth examination of bitcoin (BTC) and ether (ETH) derivatives, shedding light on market behavior during the pivotal 2024 year-end options expiration. Bitcoin and Ethereum Open Interest: Bybit and Block Scholes Report Highlights a Picture of Stability The Bybit and Block Scholes analysis shared with Cryptox.trade […] Source CryptoX Portal

Lightchain Presale Raises $8.5M, Poised to Rival Ethereum

PRESS RELEASE. The blockchain space heats up as Lightchain secures $8.5 million in its presale, setting the stage to disrupt the industry! With an ambitious vision and innovative technology, this rising contender is gearing up to compete with Ethereum and reshape the future of decentralized ecosystems. If you’ve been following blockchain’s evolution, you know how […] Source CryptoX Portal

XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

The digital asset XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, displacing the stablecoin tether (USDT). XRP Surpasses USDT’s Market Cap in 2025’s Early Rally As of Friday, Jan. 3, 2025, XRP has climbed back to third place in valuation, trailing only bitcoin (BTC) and ethereum (ETH). At 11 a.m. Eastern […] Source CryptoX Portal

How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse

The bitcoin (BTC) mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: Cango (CANG), a Chinese firm that specializes in providing loans to automobile buyers. Based in Shanghai and valued at $363 million on the stock market, Cango is in the process of acquiring 50 exahashes per second (EH/s) worth of mining power, meaning that the auto lending platform will become one of the largest bitcoin miners in the world once its entire fleet goes online. “I guess it’s surprising…