Category: CryptoX News

Trump’s pro-crypto stance is gaining him votes 

Former President Donald Trump’s support for crypto is swaying some Republican voters as he campaigns for a return to the White House. According to a poll conducted by Echelon Insights and sponsored by crypto investment firm Paradigm, 13% of likely GOP voters reported a more favourable view of Trump due to his positive crypto sentiment in the U.S. “In short, Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules,” the survey read. Trump hasn’t always been vocal in his support of crypto, calling…

Kraken announces partnership with Atlético de Madrid

Kraken has announced a partnership with Spanish football club Atlético de Madrid. The deal sees the crypto exchange become the official crypto and Web3 partner of the Madrid-based club, with collaboration set to start in the 2024/2025 season. Kraken will also be Atletico’s official sleeve partner for both the men’s and women’s teams. Crypto and sports merge Over the past few years, crypto firms and global brands, including in sports, have forged key relationships. Mainly, it’s been around investments aimed at marketing crypto services and products, although a few have…

Mt. Gox and the German government sunk the crypto market

Binance Research revealed a report on the cryptocurrency market for June 2024. According to the latest research, market capitalization declined by 11.4% over the month. However, this trend is typical for June — over the past five years, the crypto market closed June with a positive indicator only twice. Source: Binance Research In addition, nine out of ten assets by market capitalization ended the month in the red. According to experts, this decline was caused by news about payments to Mt. Gox and the U.S. and German governments’ movement of…

Trump to Speak at Bitcoin Conference in Nashville on July 27

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

VC Firm Hypersphere Reveals $130 Million Atlas Liquid Fund

Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which began quietly […] Source CryptoX Portal

Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low

Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […] Source CryptoX Portal

70-80% of cryptos are non-securities

CFTC chairman Rostin Behnam has called for increased funding and regulatory authority to oversee cryptocurrency spot markets as lawmakers move closer to comprehensive legislation. Speaking before the Senate Agriculture Committee hearing on Digital Commodities oversight, Behnam stated that his agency is well-positioned to serve as the primary crypto watchdog.  Citing an Illinois court verdict that classified Bitcoin (BTC) and Ethereum (ETH) as digital commodities, Behnam said the CFTC has the “expertise and capacity” to lead a regulatory regime. Behman told attendees that the commission requires additional tools and resources to…

Goldman Sachs to launch three tokenization projects

Goldman Sachs is set to launch three tokenization projects targeting institutional clients, focusing on permissioned networks and private blockchains due to regulatory concerns. Goldman Sachs is gearing up to introduce three significant tokenization projects by year-end as part of its strategic expansion into digital assets. While its peers, like BlackRock and Franklin Templeton, have already entered the world of tokenization, Goldman Sachs is primarily focused on using permissioned networks due to regulatory concerns. Mathew McDermott, the banking institution’s global head of digital assets, announced the initiatives, emphasizing their focus on…

How BlackRock and Other Financial Giants Could Outpace Crypto with Tokenized Assets

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Litecoin (LTC) Whales Boost Exchange Inflows amid Price Decline

CoinspeakerLitecoin (LTC) Whales Boost Exchange Inflows amid Price Decline In the past week, there has been a notable increase in the movement of Litecoin (LTC) coins held by large investors to cryptocurrency exchanges. This uptick coincides with LTC’s declining value. The cryptocurrency is currently trading at a 15% loss over the past seven days. Large holders seem to be taking action to mitigate potential further losses amid these market conditions. Rising Selling Pressure from LTC Whales On-chain data indicates a sharp rise of over 464% in large holders’ netflow to…