Category: CryptoX News

Russia to Control Crypto Mining Activities by Region in 2025

Russia’s government has published a draft resolution on banning or providing restrictions on mining locally. The ban will take effect on Jan. 1, 2025, and run until Mar. 15, 2031. According to TASS, the mining ban will take place in Dagestan, Ingushetia, Chechnya, Kabardino-Balkaria and North Ossetia. The ban will include mining and participation in pools. The order has also not been entered into force in Luhansk and Donetsk People’s Republics, as well as some localities of Zaporizhia and Kherson. The same restrictions will also extend to certain sites in…

XRP, SOL, NEAR, DOGEN, and DOT poised to explode

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s recent surge hints at a market shift, raising speculation that altcoins like DOGEN, XRP, Solana, and Polkadot could see major gains. Bitcoin’s recent rise suggests a potential shift in the cryptocurrency market. Is this a sign that other digital coins like XRP, Solana, Near Protocol, DOGEN, and Polkadot are about to see significant gains? This article explores whether these altcoins are poised for explosive growth, following in Bitcoin’s…

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?

Addresses linked to North Korean hackers have lost nearly half a million dollars betting on ether using Hyperliquid, a decentralized exchange with its own layer one (L1) blockchain platform. While rumors of an impending exploit circulated on social media, Hyperliquid denied all allegations, stating that no exploit was detected or reported by third parties. Korean […] Source CryptoX Portal

Ethereum Price Approaches Critical Resistance: A Turning Point?

Este artículo también está disponible en español. Ethereum price started a recovery wave from the $3,220 support. ETH is now recovering some losses and might rise if it clears the $3,550 resistance. Ethereum started a fresh increase above the $3,350 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,520 and $3,550 resistance…

Santa delivers as PENGU, Jasmy, IOTA, and Algorand prices surge

Santa Claus rally happened in the crypto industry as some big altcoins experienced double-digit gains.  Pudgy Penguins (PENGU), the recently airdropped token, soared by 40% on Dec. 24, bringing its market cap to $2.26 billion. This rally happened after data showed that its NFT sales jumped by 40% in the last 24 hours to $1.38 million. It also rallied after a major whale continued accumulating more PENGU tokens. JasmyCoin (JASMY), popularly known as Japan’s Bitcoin, rose for the third consecutive day, and reached its highest level since December 8. This rebound…

Top 3 altcoins set to deliver big returns before ETH’s move

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum’s next move captures attention, these three altcoins are poised to steal the spotlight with big returns. While much of the spotlight remains on Ethereum’s upcoming moves, other digital assets are gearing up for significant breakthroughs. However, these three alternative cryptocurrencies are emerging with strong potential to deliver substantial returns sooner. Catzilla: The meme coin revolution begins Catzilla isn’t just a token — it’s a movement. Designed to…

BOUNCEBIT price jumps 16% after major partnership

BounceBit, the native Bitcoin restaking blockchain, is one of the cryptocurrency projects enjoying a bumper Santa rally as its token jumps over 16%. On Dec. 24, the price of BounceBit (BB) rose to above $0.43, and this came after the token’s dip in the past week, which saw bears push it to under $0.32. As Bitcoin’s (BTC) price recovered to above $97,000 amid a fresh holiday-driven bounce, BB reached a new seven-day high. These gains came a day after the BTC restaking platform announced a major partnership agreement with cloud computing giant…

What does regulation look like around the world?

Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Which countries require you to pay taxes on cryptocurrencies? In the United States, it is simply impossible not to pay taxes — the authorities are very strict…