Category: CryptoX News

LayerZero, Mog Coin, and Bonk prices are rising: beware of key risks

It was a sea of green on Monday as Bitcoin bounced back above $63,000 as investors embraced a risk-on sentiment.  Ethereum Name Service (ENS) was one of the best-performing altcoins on Monday as focus shifted to the upcoming ENSv2 upgrade. LayerZero, which recently launched its airdrop, rose to $3.6, 40% above its lowest level last week. Mog Coin, one of the best-performing meme coins this year, rose to an all-time high of $0.0000021, up more than 200% above its lowest level in June. Bonk has also risen by over 32%…

Blockchain: A New Battleground in Age-Old Tussle Between Privacy Advocates and Data-Hungry Governments, Says Colored Coins Founder

Although many players in the blockchain industry prioritize maximizing throughput, Alex Mizrahi, co-founder of Chromaway, believes providing users with a transparent, secure, and decentralized computing environment is still equally important. So while blockchain projects aspire to satisfy the basic need to transact, Mizrahi emphasizes that establishing consensus among nodes should not be the sole goal. […] Source CryptoX Portal

Metahero announces the launch of its phone application to create customized web3 avatars

Metahero (HERO), the BSC-based native token of the Metahero ecosystem, begins the month of July on bullish grounds after witnessing a 25% drop in June due to the prevalent market retracement. Unlike July, HERO started June with bearish pressure, witnessing three consecutive days of turbulence at the beginning of the month on the back of a downtrend that spilled from May. This was largely due to the overall bearish conditions in the market, which saw Bitcoin (BTC) give up most of its March gains. Launched in 2021, the HERO token…

Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms

In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today’s leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work […] Source CryptoX Portal

What to Know About Harrenhal on House of the Dragon

This post contains spoilers for Episode 3 of House of the Dragon Season 2. After breaking the trust of his niece/wife/queen by secretly putting a plot in motion that resulted in Rhaenyra (Emma D’Arcy) being blamed for the gruesome murder of a young child, Daemon Targaryen (Matt Smith) chose to get the hell out of dodge rather than face further criticism of his actions in the second episode of House of the Dragon Season 2. This week, the season’s third installment saw the Rogue Prince arrive at Harrenhal on the…

Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses

The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an […] Source CryptoX Portal

The Definitive Guide to Tapioca DAO: Part Two

This piece is the second half of a guest post by Emiri, published originally on Blocmates. Read Part One here. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. Blocmates is especially adept at covering new decentralized finance (defi) projects, which are arguably at […] Source CryptoX Portal

Defi Education Fund on Chevron Doctrine Overruled: ‘It Opens a New Chapter in the Battle for Clear Regulations’

The Defi Education Fund, an organization focused on defending and bringing clarity to decentralized finance, pondered on what the recent overruling of the so-called Chevron doctrine might mean for crypto. The organization explained that this decision marks a new chapter in the battle for clearer regulations in the crypto environment, putting Congress at the forefront […] Source CryptoX Portal

Top cryptocurrencies to watch this week: MOG, KAS, FET

The prevailing bearish sentiment in the cryptocurrency market extended throughout June. Last week, Bitcoin (BTC) fell below the $59,000 threshold for the first time in eight weeks.  Widespread losses ensued across the market. Some assets bucked the trend, recording new all-time highs. Selective bullishness wasn’t enough to prevent the overall crypto market cap from decreasing by 4.6% to $2.24 trillion. Based on their strong performances last week, here are our top cryptocurrencies to watch this week: MOG, KAS and FET prices – June 30 | Source: Santiment MOG hits new…