Cryptocurrency Analysis and News Portal
Depending on how you look at it, this could be ominous for Coinbase’s future growth or simply a matter of common sense. ETH and BTC are the two largest networks, but that hasn’t prevented, say, Solana from finding a user base. Not every token will be a winner, but presumably
Read More
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the ever-evolving crypto world, investors are constantly looking for the next best crypto to invest in. In recent days, XRP, the native token of the XRP Ledger (XRPL), has been wavy, edging lower. As such,
Read More
MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote,
Read More
“FTX has shown our entire industry that accountability, diversification, transparency and prudent and active risk management protocols are an absolute necessity that shouldn’t be ignored,” Sean Ellul, co-founder of Web3 architecture firm Metaverse Architects and co-author of the proposal, told CoinDesk. Original Source
Read More
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the
Read More
Trading platform eToro has launched a new portfolio offering exposure to decentralized finance (DeFi) through a package of crypto assets.The platform’s DeFi portfolio is made up of 11 DeFi assets: ether, uniswap, chainlink, aave, compound, yearn.finance, decentraland, polygon, algorand, basic Attention token and maker.Over a third of the portfolio is
Read More
Automated market maker exchange Bancor has rolled out a new mechanism that allows users to increase their capital efficiency while providing liquidity in its pools.Called Vortex, the solution allows users providing liquidity in BNT, Bancor’s utility token, to borrow funds while continuing to obtain yield from swap fees.The Vortex mechanism
Read More
Cryptocurrencies have been consistently outperforming themselves in recent days, turning into one of the hottest asset classes out there in the global financial market. Their performance has ensured complete attention from traders and investors who are now actively looking for ways to further diversify their portfolios with cryptocurrencies. The trend
Read More
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22,
Read More