Category: CryptoX News

Bitget and Nansen Study Highlights Community Impact on Token Price Predictions

Bitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Are users paying for the exchange’s failures?

Is WazirX prioritizing its own survival over user security with the “socialized loss strategy,” and how does this impact the Indian crypto community? On July 18, WazirX, India’s largest crypto exchange, faced a severe cyber attack. Hackers targeted one of their multisig wallets and made off with over $230 million worth of digital assets.  The attack saw the direct theft of 15,298 Ethereum (ETH), with the exploiter then swapping various tokens like Shiba Inu (SHIB), Polygon (MATIC), and Pepe Coin (PEPE) to gather a total of 59,097 ETH, impacting WazirX’s…

21shares Announces Chainlink Integration for Real-Time Ethereum Reserve Verification

21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […] Source BitcoincryptoexchangeExchanges CryptoX Portal

US Government Transfers $2 Billion in Bitcoin to Unknown Wallet

According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […] Source CryptoX Portal

Bitget Wallet fully integrates TON mainnet swaps

Bitget has become one of the first major wallet providers to fully integrate The Open Network (TON), a Telegram-endorsed blockchain. Bitget Wallet will now allow The Open Network users to trade native assets and buy or swap Toncoin (TON) through cross-chain venues and fiat corridors like Banxa. Users will have access to at least nine other channels to convert fiat currencies, such as U.S. dollars, into TON. In a statement, Bitget Wallet COO Alvin Kan highlighted that adding The Open Network mainnet support to the firm’s swap service expands utility for…

Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan

Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon launch a feedback form to collect more ideas.” He emphasized the importance […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum Technical Analysis: ETH Shows Signs of Recovery as Bulls Eye $3,400 Breakout

Ethereum is currently priced at $3,374, with intraday fluctuations ranging from $3,253 to $3,395. Boasting a market capitalization of $407 billion and a 24-hour trade volume of $11.49 billion, ETH demonstrates significant market activity. Ethereum The hourly chart for ethereum (ETH) depicts a sharp decline followed by a steady recovery. After hitting a low of […] Source CryptoX Portal

Bitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies

CoinspeakerBitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies Bitcoin Cash (BCH) has made headlines with a remarkable 13% increase in the past 24 hours, emerging as the top performer among the leading 100 cryptocurrencies on July 29. This surge brings BCH price to approximately $451, elevating its market cap to $8.75 billion and solidifying its position as the 16th largest cryptocurrency. Despite this recent growth, BCH is still about 88.3% below its all-time high of $3,785.8, achieved on December 20, 2017. Key Drivers Behind the Rally Several…

BlackRock warns of fraudulent schemes using its name

Asset management giant BlackRock has warned users of a surge in investment scams targeting its customer base for its spot Bitcoin and Ether exchange-traded funds product. In a July 29 X post, the New York-based asset manager advised users to stay cautious of scammers using its brand name to direct investors towards dubious “training or investments.” The company stressed that its executives don’t contact anyone via social media platforms like WhatsApp and Telegram, adding: “Please remain vigilant, and if you suspect fraudulent activity, do not proceed.” Scam tactics are evolving…

BRETT surges 12% to become top gaining meme coin

Brett, the largest meme coin on the Base Blockchain, surged by over 12% on Monday as positive sentiment spread through the crypto and stock markets. At the time of writing, Brett (BRETT) was still up 11.7%, trading at $0.1395, according to data from crypto.news. Over the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $50.7 million. BRETT 24-hour price chart | Source: crypto.news BRETT has now become the 71st largest cryptocurrency, with its market cap exceeding $1.38 trillion.…