A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […] Source CryptoX Portal
Ethereum has been on a wild ride lately. The cryptocurrency took a nosedive and crashed to a point where ETH changed hands around $2,550, having lost more than 20% of its value in the last 30 days. But despite this massive liquidation, Ethereum’s price forecast still looks rosy. According to Cryptorphic, Ethereum’s future could see it rebound, and that critical support levels create a leeway toward a bullish turn. Related Reading There are a couple of critical reasons for such a slump, especially in the last weeks. According to a…
On Thursday, the first Solana spot exchange-traded fund (ETF) product raised over $2.75 million during its public offering on B3, the Brazilian stock exchange. The product, previously approved for trading by the Brazilian securities regulator (CVM), is offered by QR Asset, which also has a bitcoin-based ETF product. The offering managed to raise only 15% […] Source
A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with crypto assets worth $1 million increasing 95% to 172,300. Dominic Volek of Henley & Partners attributes this surge to the introduction of crypto exchange-traded funds (ETFs) and a BTC rally surpassing $70,000. […] Original
Telegram’s founder and CEO, Pavel Durov, is still in hot water in France, facing multiple criminal charges linked to activities on his messaging platform. The French court reportedly set his bail at €5 million, and he’s now prohibited from leaving the country. French Authorities Charge Telegram CEO Durov After Durov was taken into custody last […] Source CryptoX Portal
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time […] Source CryptoX Portal
In the latest episode of the What Bitcoin Did Podcast, hosted by Peter McCormack, Jack Mallers, CEO of Strike, made a stunning prediction for the Bitcoin price. Mallers speculated that BTC could reach a valuation between $250,000 to $1 million in the current economic cycle. Mallers grounded his prediction in the broader context of global economic practices and central bank policies, emphasizing the unprecedented nature of today’s financial challenges and opportunities. Why Bitcoin Is Poised To Reach $1 Million Mallers highlighted the global debt-to-GDP ratio, which has surged beyond 300%,…
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital […] Original
Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide accessible consumer credit solutions to underbanked Egyptians. Aligning With Egypt’s Financial Inclusion Agenda […] Source CryptoX Portal
Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly […] Original