Over the past week, non-fungible token (NFT) sales declined by 3.86% compared to the previous week. Leading the market, Ethereum-based NFT sales reached $32.81 million, which was approximately 10.06% lower than the previous week’s revenue. Weekly Digital Collectibles Sales Slide Following an 8% increase last week, sales of digital collectibles have declined. This week, NFT […] Source CryptoX Portal
Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100 billion has been transferred from known illicit wallets to conversion services. The report underscores the need for broad expertise among law […] Source CryptoX Portal
U.S. lawmakers have submitted a resolution calling on the Nigerian government to immediately release the jailed Binance executive, Tigran Gambaryan. In the resolution submitted to the Committee on Foreign Affairs, the lawmakers urge the United States government to utilize all available resources to secure Gambaryan’s release. The resolution also asks the Biden administration to formally […] Source CryptoX Portal
A wallet linked to crypto lender Genesis has transferred 12,600 Bitcoin (BTC) worth approximately $760 million to crypto exchange Coinbase. On-chain data tracked by Arkham shows the addressed labeled “Genesis Trading” moved the funds to the exchange amid the broader market sell-off witnessed over the past month. The wallet’s holdings have shrunk from 46,000 BTC in mid-June, and currently has around 33,356 BTC. Genesis received approval to repay $3 billion to creditors This amount is not as much as the over 43,000 BTC dump that the German government has so…
Three-quarters of the jurisdictions surveyed by the Financial Action Task Force (FATF) “are only partially or not compliant” with the anti-money laundering recommendation for the virtual assets sector. According to the latest FATF update, 60% (88 jurisdictions) have decided to permit virtual asset service providers (VASPs), while 14% (20 jurisdictions) explicitly prohibit them. The FATF […] Source CryptoX Portal
How do different ways to make money with crypto compare in terms of profitability and risk, and which methods are best suited for different investor profiles? Ways to make money with crypto Crypto is a big, exciting world full of opportunities. However, it can also feel like a huge puzzle with many confusing pieces. But don’t worry, we’re here to figure it out together. Think of crypto as digital money that lives on the internet. It’s different from the money in your pocket because it’s decentralized, meaning no single person…
“Bitcoin is back at $57K after a failed assault on $60K on Thursday,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CryptoX. “German authorities are actively selling off previously confiscated Bitcoins. This volume is not huge, but some potential buyers prefer to stay on the sidelines, seeing the overhang of sales.” Source CryptoX Portal
CME Group, a leading global markets company, has announced the launch of XRP and ICP reference rates and real-time indices. Ripple CEO Brad Garlinghouse explained that the first step towards institutional crypto products is having a trusted benchmark reference rate. CME Group Introduces Transparent Pricing for Internet Computer and XRP CME Group, a leading global […] Source CryptoX Portal
Pixelverse, a Web3 gaming ecosystem, has secured an additional $2 million in funding, bringing its total private round to $7.5 million. This funding was provided by several Web3 venture capital firms and prominent angel investors. Web3 Gaming Platform Pixelverse Secures $2M in Latest Funding Round Galaxy Interactive, Crit Ventures, and Arc Community contributed to the […] Source CryptoX Portal
Crypto price action is likely to continue on a choppy trajectory for the rest of Q3, 2024, analysts at crypto exchange Coinbase say. Coinbase’ head of institutional research David Duong and David Han, an analyst at the US-based crypto exchange, shared their forecast in the company’s weekly market report. They anticipate greater volatility for cryptocurrencies over the next month or two before a potentiall rally in the fourth quarter. JPMorgan analysts offered a similar bullish analysis, although with a different timeline, noting crypto markets could rebound in August. Q3 started…