Nicholas Mui, 22, from Grand Haven, Michigan, has pleaded guilty in the 17th Circuit Court in Kent County to conducting a criminal enterprise, involving the theft and sale of Mperks account access information. Mui is required to forfeit his computer tower and approximately $630,000 in frozen cryptocurrency and cash. He compromised Mperks, a loyalty program […] Source CryptoX Portal
Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more […] Source CryptoX Portal
Are current market conditions, including spot Ethereum ETFs and Bitcoin volatility, pointing towards an imminent altcoin season? Read on. In recent weeks, the crypto market has experienced critical shifts, keeping everyone on edge. The turmoil began when the defunct Mt. Gox exchange started repaying its creditors, causing a sharp drop in Bitcoin (BTC) prices and triggering widespread panic, fueling speculation that the bull run might be over. Adding to the uncertainty, the German government initiated a large-scale sell-off of its crypto holdings, pushing BTC prices down further to around $53,700…
The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price recovery over the past 24 hours amid the broader market rally. After hitting a five-month low of $0.00001274 on July 5, the coin has gained 8% in the past 24 hours and is up a steady 20% over the past week. However, a prediction report published by Forbes suggests that the Ethereum-based altcoin is poised for major price gains throughout the rest of the year and may even surpass all-time highs. Expert Insights For SHIB According to the…
Trading is set to begin on July 23 for the newly SEC-approved spot Ethereum (ETH) ETFs The approval process required issuers to finalize their S-1 documents by Wednesday, July 17, allowing the ETFs to debut on July 23. These new financial products are anticipated to attract substantial investment, with projections estimating inflows of up to $5 billion within the first six months and potentially up to $20 billion within the first year. According to a recent report by Bybit, market trends and trading signals across spot trading volume, futures, options,…
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000. Ripple also recently committed $25 million to Fairshake, another pro-crypto super PAC, following a similar contribution in […] Source CryptoX Portal
Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its all-time high, bolstered by the Federal Reserve’s actions and the influence of former U.S. President Donald Trump. […] Source CryptoX Portal
Tanzania’s Ministry of Tourism and Natural Resources has mandated that all fees in the tourism sector must be paid in local currency, aligning with a government directive for local transactions to use the country’s shillings. This requirement applies to Tourism Business Licence fees, filming permits, and visiting fees. Previously dollar-denominated payments will now be converted […] Source CryptoX Portal
A CoinLedger report examined the top five most-bought small/mid-cap cryptocurrencies and the most sold digital assets this year. 2024 has ushered hundreds of billions of dollars into the cryptocurrency markets. Data shows that the digital asset industry has grown over 44% year-to-date (YTD) and has the potential to surpass the $3 trillion peak set in 2021. A booming crypto market also means eager investors and traders hunting for profits in a fast-paced market. Big names like Bitcoin (BTC) and Ethereum (ETH) are ever the talk of the town, especially with…
JD Vance has held Bitcoin for years, criticized Gary Gensler and the SEC, and pushed for pro-crypto policies. In November, he could be a heartbeat away from the presidency. After a shocking assassination attempt on Saturday, a defiant Donald Trump has returned to the campaign trail — and was pictured with a bandaged ear while attending the Republican National Convention in Wisconsin. Now formally nominated as the party’s nominee in November’s presidential election, his first order of business was to select a running mate. Trump duly announced that Ohio senator…