Category: CryptoX News

Cboe Announces 5 Ether ETFs Will Be Listed Tuesday Pending Regulatory Effectiveness

Cboe, the Chicago Board Options Exchange, is preparing to list five new ether exchange-traded funds (ETFs) on Tuesday, pending regulatory effectiveness. These five spot ethereum ETFs are from 21shares, Fidelity, Franklin, Invesco Galaxy, and Vaneck. The U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight spot ether ETFs in May and has […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana-Based Kamala Token Soars as Biden-Linked Meme Coins Tumble After Race Withdrawal

On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be […] Source CryptoX Portal

African Union Approves Continent’s Artificial Intelligence Strategy

The African Union (AU) has approved its Continental Artificial Intelligence (AI) Strategy and African Digital Compact to drive Africa’s digital development. These initiatives aim to accelerate digital transformation by leveraging new technologies while ensuring ethical use and minimizing risks. The strategy provides guidance for African countries to harness AI, preserve identity, languages, and cultures, and […] Source CryptoX Portal

WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

Dogwifhat, Helium, Core, and Pepe have emerged as the top gainers in the crypto market over the past week. Each token experienced a price surge exceeding 40%. Dogwifhat Dogwifhat (WIF) is up over 50% for the past seven days, exchanging hands at $2.56 at the time of writing. The crypto assets had a daily trading volume of $311 million, while its market cap had surpassed the 2.55 billion mark per data from CoinMarketCap WIF price chart | Source: CoinMarketCap Despite lacking any clear utility, WIF — the dog-themed meme coin…

7 US States Unite to Challenge SEC’s Crypto Overreach

Seven U.S. states have united in a coalition to challenge the U.S. Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. The states filed an amicus brief arguing that the SEC’s “power grab” would stifle innovation, harm the crypto industry, and exceed its authority. Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation The Office of the Attorney General […] Source CryptoX Portal

Veteran Blockchain Developer: Overregulation Creates Hurdles for Crypto Companies, Diminishing Overall User Experience

While regulations are generally meant to protect consumers, in practice, they create hoops for crypto companies to jump through, thus diminishing the overall user experience, said Ivo Georgiev, co-founder and CEO of Ambire Wallet. Georgiev argues that regulations like the Eurozone’s Markets in Crypto-Assets (MiCA) actually “enable more sketchy companies and scams.” Overregulation Beneficial to […] Source CryptoX Portal

NFTs maintain upward momentum, sales volume exceeds $107m

Non-fungible tokens, or NFTs, saw an uptick in sales volume for the second consecutive week, reaching $107 million — an 8.5% increase. A substantial increase in the number of NFT buyers accompanied this growth, reaching 488,141 — a staggering 89.56% rise. On the other hand, the number of NFT sellers also rose by 69.8%, totaling 198,450, signaling an improved trading environment and heightened market engagement. Below is a breakdown of what happened in the NFT market over the past week. Ethereum maintains lead while Solana, Bitcoin follow Blockchains by weekly…

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets […] Source CryptoX Portal

Trump’s Odds of Winning Soar, OTC Volume Surges 95% in H1, and More — Week in Review

Former U.S. President Donald Trump experienced a surge in prediction market odds for winning the presidential election after an assassination attempt at a Pennsylvania rally. Ripple’s CEO and legal chief celebrated their firm’s landmark legal victory against the SEC, affirming that XRP is not a security. Valentina Matvienko, a Russian Senate leader, discussed the potential […] Source CryptoX Portal