Category: CryptoX News

Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister Between 2018 and 2023, the theft of electricity by illegal cryptocurrency miners […] Source CryptoX Portal

Pepe price holds 200 EMA, traders expects more gains

Pepe price rose for the second consecutive day as a sense of optimism spread in the crypto industry following encouraging inflation data.  The $PEPE token climbed to $0.0000095, marking a 25% increase from its lowest level this month. It joined other meme coins like Dogwifhat (WIF) and Dogecoin (DOGE) in this recovery. Pepe’s rebound was mostly driven by the performance of Bitcoin, which rose above $59,000 on Thursday. Bitcoin rose as investors bought the dip after it dropped to $53,700 last week. The token has risen in a high-volume environment,…

Kraken Becomes Official Crypto Partner of Spain’s Iconic Football Club Atlético de Madrid

Cryptocurrency exchange Kraken announced its partnership with Atlético de Madrid, one of Spain’s most iconic football clubs, on Wednesday. Starting with the 2024 season, Kraken will be the Official Crypto and Web3 Partner and the Official Sleeve Partner for all Atlético de Madrid men’s and women’s football shirts. This collaboration aims to merge the worlds […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Moroccan AI Influencer Kenza Layli Wins Inaugural Miss AI Beauty Pageant

Kenza Layli, an artificial intelligence (AI) influencer from Morocco, has been crowned the world’s first Miss AI, defeating over 1,500 computer-generated models in a tough competition. Lalina Valina from France secured the second spot, while Olivia C from Portugal clinched third place. Layli, who reportedly does not experience emotions like humans, envisions fostering collaboration between […] Source CryptoX Portal

BitMEX pleads guilty to violating the U.S. Bank Secrecy Act

Cryptocurrency exchange BitMEX has pleaded guilty to violating the Bank Secrecy Act. According to Attorney Damian Williams, BitMEX intentionally failed to “establish, implement, and maintain an adequate anti-money laundering (AML) program.” He explained that BitMEX, founded in 2014, had a long history of serving and attracting American traders. Operating through local offices, it was required to register with the Commodity Futures Trading Commission (CFTC) and comply with the AML policy. “BitMEX opened itself up as a vehicle for large-scale money laundering and sanctions evasion schemes, posing a serious threat to…

What is TapSwap? Discover this play-to-earn game

Find out what is TapSwap, the new Telegram-based crypto mining game with tap-to-earn mechanics. Lately, the field of crypto mining has witnessed the emergence of mining operations on social media platforms like Telegram. TapSwap (TAPS) is a standout example, offering a novel approach to crypto mining that uses the capabilities of Telegram to create an engaging and user-friendly experience. If you want to find out what is TapSwap and why it is generating such a buzz, this article will break down everything you need to know about the tap-to-earn game…

JPMorgan Expects Crypto Market Recovery Beginning in August

Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin liquidations by Mt. Gox creditors and the German government’s seized asset sales as contributing factors. JPMorgan’s analysts believe this revised net flow will stabilize the […] Source CryptoX Portal

Goldman Sachs Boosts Crypto Services Amid Interest Surge — Plans 3 New Tokenization Projects

Goldman Sachs is expanding its crypto services, focusing on tokenizing assets. The global investment bank plans to launch three tokenization projects by year’s end. Goldman Sachs continues to see client interest, aiming to innovate investment methods and broaden its crypto product suite. Goldman Sachs Expands Crypto Services Amid Growing Institutional Interest Goldman Sachs is enhancing […] Source CryptoX Portal

Celer Network Thwarts Attempted Domain Takeover

Celer Network, a blockchain and cross-layer platform, said on July 11, 2024 (9:38 am EST), that it thwarted an attempt to take over its domains. The platform claimed it recovered all the Domain Name System (DNS) records. An investigation found the attack vector likely involved third parties beyond Celer Network’s control. Celer Network assured users […] Source CryptoX Portal