Category: CryptoX News

Vitalik Buterin Warns Against Political Support Based on Crypto Stance

Ethereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years from now,” he stressed. Buterin Highlights Risks of Narrow Political Focus in Crypto Ethereum co-founder Vitalik Buterin has cautioned […] Source CryptoX Portal

Trump Talks Economic Plans and US Crypto Strategy With Bloomberg: ‘China’s Going to Have It—or Somebody Else’

In a recent interview with Bloomberg Businessweek, former President Donald Trump outlined his economic vision, touching on topics such as taxation, tariffs, Federal Reserve Chair Jerome Powell, and cryptocurrency. Trump’s views and plans reflect his signature approach to economic policy, emphasizing deregulation and protectionism. Trump Outlines Economic Vision in Bloomberg Interview, Emphasizes Deregulation and Tariffs […] Source CryptoX Portal

Plonky3, the Polygon Zero-Knowledge Proving System, Is Production Ready

Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike its predecessor, Plonky2, which was optimized for hardware and recursion, Plonky3 offers greater flexibility […] Source CryptoX Portal

Injective price has more upside as developer commits rise: analyst

Injective (INJ) price has risen for six consecutive days, its longest winning streak of 2024. It rose by over 12% on Wednesday, making it the best-performing top 50 cryptocurrency.  INJ rally started on July 5th after it tumbled to $16.93 as Bitcoin and other altcoins dropped sharply. It has risen by over 54% from its lowest point this month as the sentiment in the industry improved. Bitcoin has retested the crucial resistance at $65,000 while the crypto fear and greed index has moved from the fear zone of 38 to…

OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest

The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement. Institutional Interest Drives Massive Growth in Crypto’s Over-the-Counter Industry The Finery Markets team analyzed data from two […] Source CryptoX Portal

Worldcoin Pumps 40% in a Day – Is $5 Incoming?

Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. This comes after the development team announced they’re locking up investors’ and team members’ coins for much longer than planned. Now, the big question on everyone’s mind is: Can WLD continue rising to the $5 level? Worldcoin […] Source CryptoX Portal

Aptos price is rising, but 7% staking yield comes with a major risk

Aptos price has risen for six straight days as Bitcoin and most altcoins have continued making a comeback. Encouraging user metrics Aptos (APT), a relatively new layer-1 blockchain, has shown strong user metrics as interest in its network has increased. Data shows that the number of addresses has risen from 74,000 in January to over 186,000. These users have significantly boosted their transactions within the network. One of its biggest accomplishments occurred in May when the number of transactions jumped to over 117 million in a single day. Meanwhile, its…

US Spot Bitcoin ETFs Attract $422 Million in Single-Day Inflows

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC holdings to 322,125.41 BTC, worth over $20 billion. Massive Inflows into U.S. Spot Bitcoin ETFs Highlight Institutional Backing The spot […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Crypto-Friendly VC Andreessen Horowitz Backs Trump Campaign

Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and startup ecosystem. Andreessen, a self-described lifelong Democrat, explained his reasoning on the latest episode of “The Ben & Marc Show” […] Source CryptoX Portal