Category: CryptoX News

Holiday lull doesn’t slow crypto funding as Sentient scores $85m, Lombard raises $16m

The past week saw relatively low crypto funding activity, primarily due to the July Fourth holiday in the U.S. Despite the holiday lull, several notable funding activities showcased the ever-growing interest in the potential of web3 innovations. Sentient, $85 million Sentient, an artificial intelligence (AI) research organization, collected an impressive $85 million in seed funding.  Founders Fund, Pantera Capital, and Framework Ventures led the effort, with participation from an extensive list of investors, including Ethereal Ventures, Robot Ventures, and Delphi Ventures.  Sentient seeks to foster an open AGI economy for…

UK High Court Grants Worldwide Freezing Order Against Craig Wright

The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO due to Wright’s fundamentally fraudulent defamation claim. Wright had asserted he was Satoshi Nakamoto, Bitcoin’s creator, and sought damages […] Source CryptoX Portal

XRP shows resilience amid crypto market volatility

XRP, the native token of Ripple’s open-source XRP Ledger, displays positive technical signals despite recent volatility in the broader crypto market. The cryptocurrency exhibits relative strength compared to Bitcoin, and short-term price forecasts suggest potential upward movement. Over the past 24 hours, Ripple (XRP) has increased in price by 4.3%. Analyzing XRP’s technical indicators reveals a mixed picture, with some positive signs. The 5-day and 20-day moving averages have formed a bullish crossover, suggesting potential upward momentum. However, bearish crossovers are evident between the 20-day and 50-day moving averages and…

BONK, WIF, BRETT and PEPE are all up 15%

Meme coins are enjoying their time in the green while Bitcoin (BTC), which experienced a downturn this week, has climbed 3% in 24-hour trading. BONK, WIF, BRETT, and PEPE have all surged over 15% amid a broader meme coin rally. Let’s take a look at each. Bonk At the time of writing, Solana-based meme coin Bonk (BONK) was still up 12% in the last 24 hours. The leading dog-themed Solana coin was trading at $0.000022 per data from CoinMarketCap (CMC). In the same time frame, its trading volume saw a…

Intimidating Wallet Interfaces Hinder Adoption of Defi Lending Protocols, Says Crypto Veteran

Decentralized finance (defi) has improved efficiency, inclusivity, and performance in consumer lending, but poor user experience remains a significant barrier to adoption, according to Thor Abbasi, co-founder of Zivoe. Abbasi argues that as long as wallet interfaces seem “unintuitive” or intimidating to non-crypto users, defi lending protocols won’t gain traction hence their benefits won’t be […] Source CryptoX Portal

Justin Sun teases ‘willingness’ to negotiate with Germany

Justin Sun appears to be willing to buy Bitcoins via OTC from the German government to “minimize the impact on the market.” The founder of TRON blockchain Justin Sun is teasing his readiness to safeguard the industry as more confiscated Bitcoins hit centralized crypto exchanges. In a Thursday post on X, Sun wrote that he’s “willing” to negotiate with the German government to acquire “all BTC off-market,” aiming to reduce market impact. However, Sun didn’t specify details or a timeline for the potential transaction. I am willing to negotiate with…

German MP urges government to halt BTC sales in lieu of need for ‘strategic reserve’

German MP and major Bitcoin advocate Joana Cotar has called on the government to halt its rapid sale of Bitcoin. Instead, she advocates adopting Bitcoin as a “strategic reserve currency” to protect against potential risks in the traditional financial system. In a July 4 X post, the crypto-friendly politician said Bitcoin (BTC) could assist Germany in diversifying its treasury assets, acting as a hedge against inflation and currency devaluation while also promoting innovation within the country. Cotar added that a continued sell-off would not be deemed sensible and, in turn,…

Tangem Partners With Visa to Launch Self-Custodial Crypto Payment Card

Hardware wallet firm Tangem AG is collaborating with Visa to launch a self-custodial payment solution. This collaboration introduces a Visa payment card integrated with a hardware wallet, allowing Tangem users to make payments using their crypto or stablecoin balances at any Visa-accepting merchant across Europe. Unlike traditional custodial solutions, Tangem’s card embeds a private key […] Source CryptoX Portal

More than 10 years since the collapse of Mt. Gox, users confirm reimbursements

Defunct cryptocurrency exchange Mt. Gox has started payments to rehabilitation creditors as part of its rehabilitation plan. More than 10 years after its collapse, Mt Gox creditors are finally getting paid back. According to a July 5 announcement, payments are being made in Bitcoin and Bitcoin cash via centralized crypto exchanges designated to handle the transactions. However, rehabilitation creditors need to satisfy some prerequisites before receiving the payments. These include confirming the validity of their accounts and agreeing to the terms of the agreement from intermediary agencies handling the receipt…