Category: CryptoX News

Base Dawgz presale nears $3M with experts bullish on the new memecoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Traders are turning to Base Dawgz, a multichain memecoin. Its presale has raised over $2.7M. As the crypto market teeters between fear and greed, traders are turning to the new memecoin Base Dawgz (DAWGZ). Inspired by a fun Base-jumping Shiba Inu dog, Base Dawgz is a multichain memecoin with utility. It is currently undergoing a presale, and investors can buy at a big discount today. So far, the presale…

Coinzoom Operations Suspended in Ohio Following Regulatory Examination

The Ohio Department of Commerce has ordered crypto exchange Coinzoom to cease operations in the state effective Aug. 1 following a regulatory examination. Current customers can still withdraw their assets, but the exchange cannot accept new business. The suspension follows a multi-state examination revealing financial discrepancies. Coinzoom is seeking an administrative hearing to address the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto

An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy use, captured on external security cameras showing them bringing in 10 computers, prompted […] Source CryptoX Portal

New York DA’s Office Hiring Full-Time Crypto Analyst for Cybercrime Bureau

The New York County District Attorney’s Office is hiring a full-time cryptocurrency analyst for its Cybercrime and Identity Theft Bureau. This role involves analyzing cryptocurrency theft complaints, conducting blockchain transaction analyses, and providing expert testimony. NY District Attorney Seeks Cryptocurrency Analyst The New York County District Attorney’s Office has put up a job posting for […] Source CryptoX Portal

Genesis transfers $3b worth of crypto amid bankruptcy

Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH) in recent days.  Wallets associated with Genesis have reportedly moved 32,256 BTC, valued at approximately $2.12 billion, and 256,775 ETH, worth about $838 million, over the past three days. These transactions included large transfers of 16,600 BTC ($1.1 billion) and 166,300 ETH ($521.1 million) within a single hour, suggesting the assets…

Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes

Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana. Paypal Announces Global PYUSD Hackathon […] Source CryptoX Portal

Monero leads top altcoins in 24-hour gains despite sea of red

Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours. On Aug. 2, Monero (XMR) rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red. Monero, a privacy coin, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap…

Genesis concludes bankruptcy with $4b creditor payout

Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in January 2023. The recovery rates vary by asset type, with Genesis creditors will receiving an average of 64% of pre-bankruptcy value. The lender disclosed 51.28% recovery for Bitcoin (BTC) creditors, 65.87% for Ethereum (ETH) creditors, and 29.58% for Solana (SOL) assets.  Stablecoin and U.S. dollar creditors fare the best, recovering…

Crypto Lender Ledn Processes Over $1 Billion Loans in First Half of 2024

Ledn, a crypto lending platform, announced that it has processed over $1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in Asia. Institutional […] Source BitcoincryptoexchangeExchanges CryptoX Portal

El Salvador’s Chivo Wallet Has Not Presented Any Financial Balances Since Its Creation

Chivo Wallet, the official Bitcoin wallet of the Salvadoran government, has been operating without presenting any of its financial balances to the National Registry Center (CNR). While Chivo is a private company managed by El Salvador’s government and is not legally required to disclose its activities, it has failed to file its balances annually as […] Source CryptoX Portal