Cryptocurrency Analysis and News Portal
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
A year of steep declines in crypto markets brought another unwanted element – a dramatic increase in scams including “rug pulls.” Source
Read More
"Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions," the RBI said in its concept note. Original Source
Read More
Bitcoin’s dominance of the crypto market has been on the rise. This naturally comes with every downtrend in the market because although bitcoin takes a hit, the altcoins always record the worse losses, leaving them with less dominance of the market. Bitcoin’s dominance has however not stopped here. It has
Read More
Good morning. Here’s what’s happening:Market moves: Bitcoin ended a bad January on a positive note; DeFi trading volume grew steadily.Technician's take: BTC's January sell-off could attract short-term buyers.Catch the latest episodes of CryptoX TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $38.446 +1%Ether (ETH): $2,682 +2.6%Top Gainers
Read More
The chart below shows the recent decline in transaction counts on Bitcoin’s blockchain. In previous cycles, an initial burst of activity supported rallying prices, but recently, transactions failed to sustain any meaningful momentum, according to crypto data firm Glassnode. Original Source
Read More
“Issuing an entirely EU [European Union] based Bitcoin ETC with Euro as base currency, we are able to offer exposure to an alternative asset class that we feel is ripe for opportunity in the current market environment,” CEO Eric Demuth said in a press release. Source
Read More
Summary:December 30th and 31st saw the highest number of active Bitcoin addresses since January 2018Bitcoin has since posted a new all-time high of $29,900$30k might provide volatility as pointed out earlier by Timothy PetersonThe path of least resistance is up for Bitcoin although it is clearly overboughtThe King of Crypto,
Read More
The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” upsides to bitcoin.Top shelfCrypto guidanceThe U.S. Internal Revenue Service has clarified that simply holding cryptocurrencies does not need to be disclosed. A published set
Read More
Quick take:Yesterday, Binance launched the BTCUSD Quarterly Futures Contract with a leverage of up to 125x.To promote the derivatives product, the exchange will offer users 30 days of maker fee rebates and taker fees as low as 0.020%.Within 24 hours of the launch, the product has traded over $100 million
Read More