Category: CryptoX News

SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Assangedao’s JUSTICE Token Surges and Dips Amid Julian Assange’s Release

In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token. JUSTICE Token Sees Wild Fluctuations Following Julian Assange’s Release The […] Source CryptoX Portal

B2Trader v1.1 Update is Live – BBP Prime, Custom Reporting, New iOS App and More

PRESS RELEASE. B2Broker, an industry pioneer in technology and liquidity and the company behind B2Trader Brokerage Platform, a crypto spot brokerage solution, has announced a new update to its BBP solution. The new B2Trader v1.1 introduces BBP Prime and expands on its report feature with flexible layout customisation. B2Trader now has a dedicated BBP iOS […] Source CryptoX Portal

US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report

Despite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The […] Source CryptoX Portal

BTC Hashrate decline spurs interest in altcoins: APORK, RNDR, APT emerge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A break in Bitcoin’s hashrate uptrend raises concerns but boosts bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK). A technical break in Bitcoin’s hashrate, which had previously exhibited a robust 18-month uptrend, has emerged as a cause for concern among cryptocurrency analysts. The true hashrate has fallen to 600 exahashes per second (EH/s). The move from the uptrend is a signal that mining…

Law firm impersonators target crypto scam victims, FBI alarms

The FBI has issued a public warning that fraudsters posing as lawyers are contacting crypto scam victims, promising to help recover their lost funds. Bad actors may be using social media and other messaging platforms to impersonate law firms, contacting crypto scam victims and offering their services to recover lost tokens, the Federal Bureau of Investigation (FBI) warns. In a statement, the bureau says these scammers reference the FBI to validate their contact. Additionally, there are instances where scam victims “have contacted fraudsters on fake websites, which appear legitimate, hoping…

Learn how to spot the next crash

CryptoX – Cryptocurrency Analysis and News Portal How often have you seen Bitcoin plummet unexpectedly, just an hour or a day after buying a fresh stack? Everyone has faced this frustration, wondering, “If only I knew, I would have bought it later for cheaper.” The good news is that some indicators can help predict these downturns. While some indicators, like the MVRV Z-score and the Pi Cycle Top, help identify market tops, they do not provide insights into short-term downward movements. This is where the on-chain trader realized price comes…

CryptoQuant Integrates TRON Data to Empower Users with Enhanced Blockchain Analytics

PRESS RELEASE. Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network. CryptoQuant’s enhanced platform now offers expanded capabilities for both […] Source CryptoX Portal

Hut 8 failes to impress at Analyst Day presentation

Public Bitcoin miner Hut 8 disclosed its strategies for keeping up with other market participants during its first analyst day in nearly nine months.  Following a merger of equals last November with U.S. Bitcoin Corp. (USBTC), Bitcoin miner Hut 8 is focusing on capital efficiency, cost control, and profitable growth.  According to a report from H.C. Wainwright’s crypto analyst Mike Colonnese, the plan failed to justify a bullish stance on the stock. Hut 8 CEO and USBTC co-founder Ashen Genoot took the stage in Miami last week during its first…

Ethereum Price Faces Recovery Hurdle: Examining The Roadblocks Ahead

Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,420 and $3,450 resistance levels to continue higher. Ethereum Price Eyes Recovery Ethereum price extended losses and traded below…