Category: CryptoX News

Solana Price (SOL) Targets Upside Breakout: Will It Reach New Monthly Highs?

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…

WazirX publishes $230m hack post-mortem

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…

Kraken Expands Crypto Custody Services to Institutions in UK and Australia

Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Jamie Dimon from JPMorgan eyed by Trump for Treasury

Will Trump’s potential choice of Jamie Dimon, a vocal critic of Bitcoin who said he’d close it down, mark the beginning of the end for cryptocurrency freedom in the U.S.? Former U.S. President and current Republican nominee Donald Trump, a man known for his bold and often controversial decisions, recently dropped another bombshell.  In an interview with Bloomberg, conducted in late June and published on July 16, Trump revealed that he is considering JPMorgan CEO Jamie Dimon for a key position in his cabinet if he wins the upcoming election.…

Venezuelan Crime Organization Tren De Aragua Gets Sanctioned by OFAC on Crypto Money Laundering Allegations

Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization had used cryptocurrency to launder the proceedings of their activities to some extent. OFAC […] Source CryptoX Portal

Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack

Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Kamala Harris overtakes Biden for Dem nominee

Barely 24 hours after President Joe Biden tested positive for COVID-19, Polymarket punters began piling bets on Vice President Kamala Harris securing the Democratic ticket. Bettors wagering on Polymarket’s “Democratic Nominee 2024” outcome have staked $13.6 million on the odds that Kamala Harris will be picked over Joe Biden. The odds of Harris representing the Democrats in the November election increased to 52% on Thursday, up from under 25% at the start of the week. Biden’s odds moved inversely, dropping from over 55% on Monday to 30% at press time.…

ECB Maintains Interest Rates Amid Persistent Inflation Concerns

The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting more evidence is needed before making another move. The ECB highlighted that while corporate profits are mitigating some […] Source CryptoX Portal

Bitrue announces $40m investment fund to back AI, defi, and gamefi startups

Cryptocurrency exchange Bitrue says it has allocated $40 million for its new fund to help teams develop their technology and “bring their coins to fruition.” Singaporean crypto exchange Bitrue is launching a $40 million investment fund in an effort to support nascent web3 companies, the exchange said in a Thursday blog announcement. Startups can receive up to $200,000 in funding from Bitrue Ventures, along with additional support such as development expertise, industry connections, and management support. Although no specific technical requirements have been outlined, Bitrue Ventures indicated a preference for…