Category: CryptoX News

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed […] Source CryptoX Portal

39% Chance of Dropping Out — Joe Biden’s Debate Stumbles Fuel Prediction Market Betting

Following the initial 2024 U.S. Presidential Debate, prediction market wagers on whether incumbent Joe Biden will withdraw have seen a significant increase in activity. The likelihood of Biden stepping down and being substituted has risen notably. Betting Markets React to Joe Biden’s Unintelligible Statements and Performance On Thursday, CNN broadcasted the 2024 U.S. Presidential Debate […] Source CryptoX Portal

Nubank Partners With Lightspark to Bring Lightning Network Access to Over 100 Million Customers in Latam

Nubank, Latam’s most valuable bank, has partnered with Lightspark, a cryptocurrency-focused financial services company, to bring its customers access to Lightning Network transactions. With this partnership, Nubank expects to lower costs and get more flexibility for users to take advantage of its trading platform, according to Thomaz Fortes, Executive Director for Nubank Crypto. Nubank to […] Source CryptoX Portal

Kraken’s Powell donates $1m to Trump to unite behind ‘only pro-crypto’ candidate

The founder of crypto exchange Kraken says the Biden administration’s approach is “diminishing U.S. competitiveness” in the crypto market. Jesse Powell, the founder and former chief executive of crypto exchange Kraken, has donated $1 million in Ethereum (ETH) to former President Donald Trump as presidential elections approach. In a Jun. 28 post on X, Powell implied his decision was driven in response to a hawkish attitude against the industry from Dem. Elizabeth Warren, and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. I just personally donated $1m (mostly #ETH)…

2024 Crypto Losses Attributable to Deepfakes Projected to Exceed $25 Billion

Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to curb this type of fraud. Educating users and implementing comprehensive legal and cybersecurity frameworks globally are […] Source CryptoX Portal

Microstrategy (MSTR) Long and Inverse ETF Coming Soon as T-Rex Group Files for Two New Leveraged Funds

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CryptoX is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CryptoX 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. CryptoX operates as…

State Street Partners With Galaxy Asset Management to Create New Crypto ETFs

State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more accessible to the broader investment community through the creation of new ETFs offering exposure […] Source CryptoX Portal

Interpol Disrupts Scam Networks: 6,745 Bank Accounts Frozen, $2M Crypto Seized, 3,950 Arrested

Interpol’s Operation First Light, a global initiative involving 61 countries, has disrupted online scam networks by freezing 6,745 bank accounts and seizing assets worth $257 million, including $2 million in cryptocurrency. The operation targeted phishing, investment fraud, fake online shopping sites, romance, and impersonation scams, leading to the arrest of 3,950 suspects and identifying 14,643 […] Source CryptoX Portal

Robert Kiyosaki Bought 60 Bitcoins at $6K — Now Buys BTC Every Month

Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes as “debt-based.” Kiyosaki emphasized that rules-based money increases wealth, while debt-based money diminishes […] Source CryptoX Portal