Zand Bank, the UAE’s first digital bank, has entered into a strategic partnership with Taurus SA, a global leader in digital asset technology for banks. This partnership will cover all aspects of Zand’s digital asset infrastructure, including custody, tokenization, and blockchain connectivity. Zand will leverage Taurus’ integrated custody and tokenization solutions to expand its digital […] Source CryptoX Portal
Minipay, an integral feature of the Opera Mini browser, has announced a significant upgrade with the introduction of ‘Pockets’. This new feature now supports USDC and USDT, two of the most widely used stablecoins, thereby enhancing its existing digital asset management capabilities. The innovative ‘Drag & Swap’ feature simplifies the process of switching between USDC, […] Source CryptoX Portal
The total amount of cryptocurrency liquidations increased by over two times over the past day as the global market capitalization plunged to its two-month lows. According to data provided by Coinglass, the total crypto liquidations rallied by 114% in the past 24 hours — currently sitting at $265 million. Data shows that $236 million worth of long positions have been liquidated. Crypto liquidations map – July 4 | Source: Coinglass Per Coinglass data, only 11% of the liquidations, worth $29 million, belong to short-position holders. In total, more than 102,000…
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to […] Source CryptoX Portal
A federal judge overseeing the U.S. Securities and Exchange Commission’s case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB. Source BitcoincryptoexchangeExchanges CryptoX Portal
After a New York Times report, Polymarket odds of President Joe Biden dropping out of the elections skyrocketed to over 70%. Early on Wednesday, Polymarket bettors placed wages on a 55% chance that Joe Biden would step down from the presidential race. Those odds massively improved following a report that Biden was mulling his future in the White House post-November. According to an unnamed member of Biden’s camp cited by the New York Times, the U.S. President sees beating Donald Trump on the ballot as an unlikely outcome. Shortly after,…
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agreed that the Fed should keep policy rates at the current level until […] Source CryptoX Portal
The facility is advancing bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product passports, predictive analytic tools for detecting pollution off-shoring, and more. The IOTA Foundation just announced the inauguration of a new research facility, the Imperial IOTA Infrastructures Lab (I3-Lab), at Imperial College London. The lab is well-positioned to lead research thanks to a generous £1 million endowment from the IOTA Foundation and additional funding from Imperial College London. The facility aims to advance bias-free AI algorithms, circularity in industrial robots and electric vehicles, battery product…
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Cryptox.trade News, this integration represents an […] Source CryptoX Portal