Category: CryptoX News

SEC and 100 Agencies Form Council to Combat Securities Fraud

The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share insights on emerging threats, and foster a unified approach to combating financial fraud. Quarterly meetings will address trends, scams, and mitigation […] Source BitcoincryptoexchangeExchanges CryptoX Portal

These 5 spot Ethereum ETFs are set to launch July 23: CBOE

The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week. The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week.  CBOE revealed the information in the latest “new listings” notice on its website, confirming the launch of five Ethereum (ETH) ETFs. These include: 21Shares Core Ethereum ETF (CETF) Fidelity Ethereum Fund (FETH) Franklin Ethereum ETF (EZET) Invesco Galaxy Ethereum ETF (QETH) VanEck Ethereum ETF (ETHV) According to the…

Ethereum enjoys price increase, ETF anticipation intensifies

Ethereum (ETH) has experienced an over 15% price increase in the past two weeks. This surge has captured the attention of investors and analysts alike, highlighting the cryptocurrency’s resilience and potential amidst a turbulent crypto market environment. Ethereum began an upward trajectory on July 10 as regulators seemed ready to approve spot Ether ETF applications. On July 10, Ethereum led the charge with a 9% increase, reaching $3,680.98 and peaking at $3,835.43 earlier that day. Bitcoin also followed with a 2% rise, trading around $71,350. Issuers and exchanges have reportedly…

IMF Warns Zambia Against Dedollarization, Calls Plan Counterproductive

An International Monetary Fund representative has cautioned that Zambia’s proposed dedollarization initiative may inadvertently undermine efforts to contain inflation. The representative expressed concern that the prevailing economic conditions in Zambia are not conducive for the country to proceed with the de-dollarization proposals. Zambia Not Ideally Placed to Dedollarize The International Monetary Fund (IMF)’s Zambian representative, […] Source CryptoX Portal

Study: Europe Leads in Global Crypto Transaction Volume; Binance Remains Most Used Exchange

Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most […] Source CryptoX Portal

CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date

The Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will commence trading in the crypto market.  CBOE Finalizes Launch Date For Spot Ethereum ETFs On July 19, the CBOE released a new issue notification on its official website concerning the launch of Spot Ethereum ETFs trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness. Previously, analysts, including Bloomberg Senior ETF analyst, Eric…

Real Estate Tokenization Platform Enters Kenyan Regulatory Sandbox

Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, regardless of their income levels. During the 12-month sandbox period, Ownmali will adhere to regulatory requirements, […] Source CryptoX Portal

Jordan Launches National Blockchain Technology Network

The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government sector aligns with the Jordanian Digital Transformation Strategy (2021-2025). Enhancing Trust in Government Services On July 17, the Jordanian Ministry of Digital Economy and […] Source CryptoX Portal

KK Miner’s cloud mining contracts promise investors $840 in BTC daily

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin Surges Past $65,000, Boosting Profits for KK Miner Cloud Mining Investors up to $840 Daily. Recently, Bitcoin has once again broken through the $65,000 mark, showing an upward trend after the recent decline. This trend not only delighted direct Bitcoin investors, but also a group of indirect Bitcoin investors who invested in KK Miner cloud mining contracts. According to investigations, KK Miner’s cloud mining contracts have allowed some…

Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in cryptocurrency. U.S. Attorney Damian Williams stated that Guo faces decades in prison. His fraudulent activities funded a […] Source CryptoX Portal