Category: CryptoX News

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…

Treasury and IRS Announce Digital Asset Tax Reporting Regulations

The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for […] Source CryptoX Portal

June sales drop 47% but there are more buyers and sellers

The non-fungible token (NFT) market experienced a remarkable drop in activity over the past month, with significant dips across various metrics. According to Crypto Slam data: Global NFT sales volume reached $476.3 million in June, marking a 47.22% decrease. The number of NFT buyers skyrocketed to 1.259 million — an astonishing 1700.83% increase. The number of sellers climbed to 744,965 — up by 1059.64%. The increase in buyers and sellers was juxtaposed against a 51.4% drop in NFT transactions month-over-month Top blockchains by NFT sales volume Blockchains by monthly NFT…

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review

Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […] Source CryptoX Portal

Stablecoin Market Remains Steady in June Amidst Crypto Volatility

While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […] Source CryptoX Portal

Kiyosaki Recommends Most People to Sell BTC, Vivek’s VP Prospects Spike 1,100%, and More — Week in Review

Robert Kiyosaki advises selling bitcoin amid its crash, yet plans to buy more, likening his approach to Warren Buffett’s “buy and hold forever” strategy. Vivek Ramaswamy’s chances of becoming Trump’s vice presidential pick have surged by 1,100% on Polymarket. Ripple CEO Brad Garlinghouse criticizes SEC Chair Gary Gensler, warning his actions could affect the election. […] Source CryptoX Portal

Zambia Working on Establishing an AI Framework, Says Minister

Zambia has reportedly initiated a process to establish an artificial intelligence framework and is collaborating with the Tony Blair Institute to formulate an artificial intelligence strategy. Sarah Luyele Njamu said Zambia can leverage AI for economic growth, improved healthcare, enhanced education, and sustainable development. Zambia Revising Cyber Security and Crime Law The Zambian government has […] Source CryptoX Portal

Uplink CEO: Depins Enable Companies to ‘Bootstrap the Deployment Stage’

Decentralized Physical Infrastructure Networks (Depins) have the potential to connect companies or projects in markets or locations with limited internet connectivity, all without requiring telecom companies to invest billions of dollars in infrastructure. Additionally, Depins assist existing infrastructure in accommodating the ever-growing number of devices that require internet connectivity. Depins Can Help Telecom Companies Save […] Source CryptoX Portal

Unlocking Value: Fair Price Discovery, the Role of Market Makers

Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases: pre-generation construction, primary listing, price discovery and expansion, and […] Source CryptoX Portal