Cryptocurrency Analysis and News Portal
Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ:
Read More
Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.In an Oct. 5 blog post, Gauthier said the staff cuts had been made “for the longevity of the business,” citing the 2022 bear market and the collapse of
Read More
2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for
Read More
Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one of America’s largest financial technology companies — announced on Aug. 7 its U.S. dollar-pegged payment stablecoin, PayPal USD (PYUSD). A PayPal spokesperson told Cryptox that PYUSD is important because mainstream adoption
Read More
During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete
Read More
“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more ability for investment and speculation,” Tom Dunleavy, macro analyst said in a note to CryptoX. “The continued reduction, despite the growing number of applications, says to me we are still not out of the woods for this
Read More
Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warns.In its latest research, Bloomberg Intelligence revealed cool stance on the ongoing 2023 crypto market rally.Bloomberg: Expecting BTC price to hold "may be illogical"Despite gaining 70% in Q1, Bitcoin is not convincing
Read More
Cryptocurrency had a great Q1 2023, even with major regulatory enforcement actions in large markets like the U.S. and E.U. Bitcoin rose over 70% from the beginning of the year, and other tokens also saw gains. Bitcoin opened up 2023 at the $16,500 level, and as of March 31, BTC is
Read More
Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%. Source
Read More
The highly anticipated launch and airdrop of Arbitrum's native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim the token. Overwhelming user demand led the airdrop claim page to crash shortly after
Read More