From the early days of pizzas costing thousands of bitcoin to astronomical growth and increasing acceptance around the world, Bitcoin has been on quite a journey. The most recent “earthquake” was the 2024 bitcoin halving, which has forced companies to adapt to a new mining landscape. This article aims to examine the present bitcoin market, […] Source CryptoX Portal
In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […] Source CryptoX Portal
A U.S. federal judge has ordered Robinhood Financial LLC to pay $9 million in a lawsuit over its referral program. The case involved a broker’s “refer-a-friend” promotion that allowed unwanted text messages to be sent in Washington. The total payment will be $9 million, including $2.2 million in attorney fees. “Robinhood has agreed to pay $9,000,000 to establish a non-reversionary Settlement Fund to benefit Settlement Class Members who filed claims. It is an excellent result for the approximately 827,327 consumers.” Court filing Judge Barbara Rothstein of the U.S. District Court…
Kraken Institutional, part of the crypto exchange Kraken, has announced the expansion of its custody services to the United Kingdom and Australia. Kraken Institutional works with high-profile clients like hedge funds and exchange-traded fund issuers, providing custody solutions for managing crypto assets. These solutions are essentially storage services designed to securely store and manage digital assets on behalf of institutions. The custody service offered by Kraken Financial, a US state-chartered bank, allows institutional clients to securely store and transfer their crypto assets. It exists separately from the exchange. Funds are…
Cryptocurrency exchange Bybit has released the twelfth proof of reserve, featuring a 17.8% increase in USDT holdings. Crypto investors are showing an increased appetite for stablecoins as the Bybit crypto exchange revealed in its latest proof of reserve nearly an 18% increase of customers’ holdings in Tether (USDT). According to the exchange’s report, users’ USDT balances grew by 433 million USDT as of Jul. 10, marking a 17.8% rise from Jun. 6. The report also noted a dramatic increase in Circle’s USD Coin (USDC), with deposits surging by over 150…
The Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts. Both stated that their goal with this donation is to help Deaton beat Sen. Elizabeth Warren, who has an anti-crypto stance. On X, Tyler explained […] Source CryptoX Portal
K9 Finance DAO, a pioneering decentralized autonomous organization dedicated to advancing decentralized finance (DeFi) solutions, proudly announces the successful launch of its validator on the Shiba Inu Layer 2 (L2) mainnet. Concurrently, the DAO introduces its KNINE token on the Shibarium blockchain, leveraging the official ShibaSwap platform for liquidity and trading. Integrating K9 Finance DAO’s […] Source CryptoX Portal
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with […] Source CryptoX Portal
Solana started a steady increase above the $155 zone. SOL price is signaling a decent increase above the $162 and $165 resistance levels. SOL price started a decent upward move above the $155 resistance against the US Dollar. The price is now trading above $158 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could aim for more upsides if…
Mumbai-based WazirX crypto exchange has released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack. As crypto.news reported earlier on Thursday, WazirX was hacked for $230 million in cryptocurrencies after bad actors compromised UI critical to the platform’s wallet management. The Indian crypto exchange explained that the issue originated from different data displayed on Liminal’s interface, the digital asset custody, and the wallet infrastructure employed by WazirX. The platform’s multi-sig wallet required three signatures from internal WazirX team members and one final approval from Liminal. “During…