Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24. Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver U.S. […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Category: CryptoX News
Bitcoin 2024 in Nashville starts today: what to expect
Bitcoin 2024 in Nashville is about to kick off, with industry attention centered on former President Donald Trump’s keynote address on Bitcoin and the whole crypto industry. Hours left before the Bitcoin Conference in Nashville, Tennessee, kicks off, bringing together key industry figures from the crypto world and and high-profile politicians for a comprehensive look at the market. The most attention is focused on former President Donald Trump, who is expected to deliver a “historic message,” event organizer and BTC Inc. chief of staff Brandon Green told media. Despite the…
Web3 Infrastructure Platform Caldera Raises $15M in Early-Stage Funding
Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus […] Source CryptoX Portal
Telegram CEO Predicts Blockchain Mass Adoption This Year — Announces Mini App Store, Web3 Browser
Pavel Durov, CEO of Telegram, forecasts 2024 as the year of blockchain mass adoption. He announced new features such as a mini app store, an in-app browser for Web3, and initiatives to combat crypto scams. Telegram’s user base has grown to 950 million monthly active users, with expectations to reach one billion soon. Telegram’s CEO […] Source CryptoX Portal
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […] Source CryptoX Portal
How Kamala Harris can rebuild crypto bridges burned by Biden
Can Kamala Harris bridge the gap between the Democratic Party and the crypto world after Joe Biden’s impact? Read how. Lately, there have been some key developments in the U.S. political arena that are worth noting. After Joe Biden abruptly decided to leave the presidential race and endorsed Kamala Harris, she quickly gained the support of her party’s donors, elected officials, and other leaders. An Associated Press survey indicates that Harris now appears to have the backing of about 3,107 delegates, well above the 1,976 needed to claim the nomination. …
Majority of Americans Believe US in Recession, Survey Shows
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […] Source CryptoX Portal
Ferrari Launching Crypto Payment System for European Market
Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better serving client needs. By the end of […] Source CryptoX Portal
Nigeria to Train 1,000 Residents Annually in AI and Blockchain Technologies
The Federal Government of Nigeria has launched an initiative to train 1,000 Nigerians annually in artificial intelligence (AI), blockchain, and other cutting-edge technologies. The program, called the “AI Expertise Blockchain and Technology Training and Outsourcing Initiative,” aims to position Nigeria as a leader in digital transformation in Africa. The government is partnering with Gluwa, a […] Source CryptoX Portal
Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
Analysts from H.C. Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capacity by acquiring Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition consists of $18.5 million in cash and $74 million in Riot common stock, with an additional earn-out consideration of up to $32.5 million contingent on achieving specific milestones. “With a combined 60 MW of existing developed capacity, and a pipeline to rapidly scale to over 300…