Category: CryptoX News

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…

Harris vs. Trump: Polls Show Tight Race as Betting and Prediction Markets Favor Trump

After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll […] Source CryptoX Portal

New L2 memecoin Pepe Unchained Raises $5M ahead of presale price increase

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe Unchained is making waves, raising over $5M in its presale, with $1M just last week. Pepe Unchained (PEPU) might be the new kid on the block, but it’s already causing a stir. Currently within its presale phase, it has raised over $5 million so far. A staggering $1 million of that came in the last week. Today, investors can snag PEPU for $0.0086304. However, this price is expected…

Polymarket partners with MoonPay on bank, credit card funding  

MoonPay’s integration with Polymarket allows bettors to wager funds from non-crypto vendors.    Polymarket, a popular crypto betting site, is upgrading its platform to handle the surge in wagers driven by recent online hype and the tumultuous U.S. presidential election.  In partnership with Miami-based MoonPay, Polymarket will soon enable users to pay for bets via bank transfers and credit cards, simplifying the current process of purchasing stablecoin USDC on a crypto exchange. BREAKING: Moonpay partners with Polymarket to enable credit card payments for the leading prediction market This partnership will also…

Russian parliament passes bill for crypto use in international trade, legalizes crypto mining

Russian parliament passed a bill allowing the use of crypto for international trade and also legalized crypto mining. The legislation aims to facilitate international transactions that Western sanctions and regulatory pressures on local banks have hampered. The use of crypto will allow certain industries to bypass specific trade regulations.  According to Reuters, Russia has experienced notable interruptions in global transactions with key trading partners like China, India, the United Arab Emirates, and Turkey. This is due to local banks exercising increased caution under pressure from Western regulators. BREAKING: 🇷🇺 Russian parliament has…

Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading

Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re actively contacting projects linked to the stolen tokens to seek their support in the recovery […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ferrari starts accepting crypto in Europe to meet demand from wealthy buyers

Luxury sports car maker Ferrari is broadening its crypto payment options across Europe in response to demands from its wealthy clientele. Ferrari is set to start accepting crypto payments among its European dealers network by the end of July, less than a year after rolling out this scheme in the U.S. As per a Reuters report, Ferrari will also roll out crypto payments to its international dealers in regions where digital assets are legally permitted by the end of 2024. This decision follows the positive reception of the payment system…

Mt. Gox moves additional $2.47b in BTC to new wallet, Bitstamp

Mt. Gox recently moved a significant amount of Bitcoin to the Bitstamp cryptocurrency exchange amid ongoing creditor repayments. On-chain data provided by Arkham Intelligence shows that the initial transaction occurred today at 04:46 UTC, involving the movements of 32,371 BTC worth $2.13 billion to the newly-activated address ‘12Gws9’ and 5,106 BTC valued at $336.61 million to the Mt. Gox Cold Wallet (1Jbez). The total amount reaches $2.47 billion. According to data from Arkham Intelligence, the latest slew of transactions comes shortly after the bankrupt Bitcoin (BTC) exchange transferred 47,000 BTC…

EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets

The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […] Source CryptoX Portal