South Korea’s FSC Unveils Plan to Define Corporate Participation in Virtual Digital Asset Market 

South Korea is collaborating with various internal authorities to develop its Web3 market. In a recent move, the Financial Services Commission (FSC) unveiled a roadmap to gradually integrate local corporations into the VDA market, which primarily consists of cryptocurrencies. Looking ahead, South Korea aims to assess the financial aspects of cryptocurrencies and foster sector growth…

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Donald Trump’s Crypto Firm Announces Strategic Token Reserve, Plans to Invest in DeFi

The US President Donald Trump-backed World Liberty Financial (WLF) has announced the launch of a strategic token reserve. has announced the launch of a strategic token reserve to navigate market volatility while maintaining a crypto-backed fund pool. The firm shared the update on its official X handle on Wednesday, February 12. President Trump, who aims…

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Austria’s BitPanda Secures FCA Approval in UK, Plans to Offer ‘Set-and-Forget’ Savings Strategy

Austria-based crypto exchange BitPanda has received regulatory approval from the UK’s Financial Conduct Authority (FCA) to operate in the country. The Vienna-headquartered firm announced on Wednesday, February 12, that it is now authorised to offer crypto-related services to British investors. To secure FCA approval, BitPanda has aligned its operations with the UK’s anti-money laundering and…

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Malaysian Anti-Corruption Commission Turns to Blockchain, AI to Curb Sophisticated Crimes

Malaysia is embracing emerging technologies like Artificial Intelligence (AI) and blockchain to strengthen its fight against corruption. According to Azam Baki, chief commissioner of the Malaysian Anti-Corruption Commission (MACC), these tools enhance the agency’s ability to identify criminals involved in complex financial crimes. Last year, the MACC announced initiatives to address high-profile corruption cases that…

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What is Central African Republic Controversial Memecoin Experiment?

The Central African Republic (CAR) has embarked on a nationwide cryptocurrency experiment. President Faustin-Archange Touadera announced the launch of a memecoin called $CAR, aiming to assess whether the global memecoin frenzy can help improve the country’s financial standing. According to the World Bank and the United Nations Development Programme, approximately 80 percent of CAR’s population…

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BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers. The product will likely be domiciled in Switzerland, the source added. The Wall Street giant has incorporated a Zurich-based company…

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US FDIC to Reevaluate ‘Supervisory Approach’ to Crypto-Related Activities

The US Federal Deposit Insurance Corporation (FDIC) on Wednesday released several documents related to the supervision of crypto related activities in the country. Acting FDIC chairman Travis Hill announced that the agency will review its previous approach towards US banks seeking to offer crypto services. Established in 1933, the FDIC regulates US financial institutions and…

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Coinbase Acquires Onchain Ad Platform Spindl to Boost Visibility of Base-Powered Web3 Projects

Coinbase is sharpening its focus on expanding the reach of Web3 projects built on its Layer-2 network, Base. In a recent move, the crypto exchange announced the acquisition of Spindl, an onchain advertising platform, for an undisclosed amount. With this acquisition, Coinbase aims to help Web3 developers amplify their projects within Web3 communities, emphasizing that…

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India Reviewing Crypto Position Due to Global Changes, Economic Affairs Secretary Says

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September…

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CoinDCX Brings ‘Bitcoin Chai Cafe’ Crypto Literacy Campaign to Tea Stalls in Mumbai

CoinDCX has announced a new crypto literacy project in Mumbai, that will attempt to kickstart discussions on crypto and digital assets at a popular meeting place in the city — tea stalls. Dubbed ‘Bitcoin Chai Cafe’, the Indian crypto exchange’s latest initiative is designed to promote crypto-related conversations at tea stalls, which are frequented by…

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Bitcoin Price Hovers Above $100,000 Despite 3.3 Percent Drop Ahead of US Federal Open Market Committee Meeting

The cryptocurrency market is experiencing significant price fluctuations, as the US Federal Open Market Committee (FOMC) prepares to announce its decision on a revision of interest rates. On Wednesday, Bitcoin’s price saw a 3.33 percent dip on international exchanges, trading at $102,185 (roughly Rs. 88.4 lakh) according to CoinMarketCap. In India, on exchanges like BuyUcoin,…

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Brazil Suspends Sam Altman’s Iris-Scanning World Project, ANPD Issues Notice to Parent Firm 

Brazil has joined Spain and Germany in obstructing the operations of Sam Altman’s controversial World project. The National Data Protection Authority (ANPD) has suspended the services of the World project within the country. A notice about the development was issued over the weekend to Altman’s tech firm Tools for Humanity (TFH), that parents World. Brazil…

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Intelligence Analysis Firm i2 Group Partners Chainalysis to Upgrade Software With Blockchain Technology

Intelligence analysis firm i2 Group is upgrading its internal software with blockchain technology to be better equipped to identify illicit uses of cryptocurrency. The company plans to integrate blockchain-based features to its link analysis platform, named Analyst’s Notebook. i2 Group has partnered with blockchain data firm Chainalysis. With this step, the firm is looking to…

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Birla Institute of Management Technology Launches Bimcoin, a Blockchain-Based Campus Currency 

India’s Birla Institute of Management Technology (BIMTECH) has debuted a blockchain-based campus currency called Bimcoin. The token has been designed to facilitate secure and transparent transactions within the institute’s ecosystem for students, administrators, and vendors. An official launch statement circulated by the institute says that the initiative has been inspired by India’s central bank digital…

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JioCoin Surfaces on JioSphere Browser as Blockchain-Based Engagement Reward Token, Could Launch Soon

Polygon Labs, the firm behind the widely used Polygon blockchain, recently announced a partnership with Mukesh Ambani-led Reliance Jio Limited as part of the latter’s efforts to introduce Web3 elements on its existing services. This week, a new crypto token, called JioCoin, started appearing on the telecom operator’s JioSphere browser app. The reward token appears…

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Crypto Industry Lists Regulatory Framework at the Top of Its Donald Trump Wish List

As inauguration day approaches, members of the crypto industry are eagerly anticipating a slew of digital asset friendly executive actions at the dawn of a second Trump Administration. Potentially at the top of the wish list would be an executive order prompting the regulatory agencies, including the Commodity Futures Trading Commission and the Securities and…

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Bitcoin Price Rises Above $97,000 After Minor Slump, Values of Most Altcoins Increase

The cryptocurrency market experienced a rebound on Wednesday, with most digital assets registering profits. Bitcoin saw a 1.46 percent price increase on international exchanges, trading at $97,433 (roughly Rs. 84 lakh), according to CoinMarketCap data. Similarly, on Indian exchanges like CoinDCX and CoinSwitch, Bitcoin’s price rose by over 1.45 percent, reaching around $103,722 (roughly Rs….

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US President-Elect Donald Trump Said to Plan Elevation of Cryptocurrency as a National Priority

President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans. The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work…

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Bitcoin Rallies Above $100,000 Ahead of US President-Elect Donald Trump’s Inauguration, Ether Value Falls

Crypto prices are on the rise again, ahead of the inauguration of US President-elect Donald Trump on January 20. On Friday, Bitcoin’s price rose by 2.09 percent on international exchanges to trade at $101,526 (roughly Rs. 87.8 lakh) on global platforms, according CoinMarketCap data. The price of Bitcoin also rose by 1.5 percent on Indian…

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Malaysia Considers Crypto, Blockchain Policies After Discussions With UAE Government

Malaysia could soon join other nations that are working on policies that govern the integration of cryptocurrencies and blockchain-related technologies into their financial systems. Earlier this week, Malaysian Prime Minister Datuk Seri Anwar Ibrahim met with UAE officials and Binance representatives to discuss the formulation of a supportive policy framework for cryptocurrencies. The Malaysian PM…

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Donald Trump’s New SEC Leadership Said to Kick Start Crypto Overhaul

Top Republican officials at the US Securities and Exchange Commission are poised to begin overhauling the agency’s cryptocurrency policies potentially as early as next week when President-elect Donald Trump takes power, said three people briefed on the matter. Among the measures commissioners Hester Peirce and Mark Uyeda are weighing are initiating the process that would…

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Up Network, DreamSmart Launch Web3 Smart Glasses with Google Gemini

Up Network and DreamSmart have collaborated to unveil what the companies call the world’s first Web3- focused smart glasses with artificial intelligence (AI). Equipped with Google’s Gemini AI, the smart glasses offer real-time contextual artificial intelligence. Up Network has developed an AI agent operating system to improve human-machine interactions, while DreamSmart’s technology specialises in advanced…

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Mudrex Halts Crypto Withdrawals Till January 28 Amid Efforts to Automate User Verification System

Mudrex is seeking additional KYC details for users initiating crypto withdrawals, and the crypto investment firm has halted crypto withdrawals for the next couple of weeks as part of an ongoing upgrade to its ‘compliance suite’. The platform informed users about pause on withdrawals through via emails over the weekend. The company also posted a…

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Crypto Prices Today: Bitcoin Falls Below $102,000, Altcoins Face Losses Amid Market Volatility

Stronger-than-expected US economic data disrupted crypto markets over the past 24 hours. Most cryptocurrencies, including Bitcoin, recorded losses on Wednesday, January 8. After briefly reaching $102,000 (roughly Rs. 87.5 lakh), Bitcoin dropped to $96,335 (roughly Rs. 82.7 lakh) on global exchanges, reflecting a 5.29 percent decline. On Indian platforms like CoinDCX and BuyUcoin, Bitcoin saw…

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Is BTC mining still profitable?

Is BTC Mining Profitable? A mining rig requires a significant investment and ongoing electricity costs. It is important to consider these expenses before making a decision to mine Bitcoin. Creating Bitcoin consumes 176 terawatt-hours of electricity per year, more than many countries use. A modestly powered miner would need nine years of household-equivalent electricity to…

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China Plans to Develop Blockchain-Focused National Data Infrastructure By 2029

China’s government on Monday released guidelines for the development of a national data infrastructure, as part of efforts to improve its data exchange and management network. A document published by the National Development and Reform Commission and two other authorities states that China must explore blockchain technology to make its data exchange and management ecosystems…

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Hong Kong Announces Supervisory Incubator to Help Banks Safely Test Blockchain Technology

The Hong Kong Monetary Authority (HKMA) has established a ‘Supervisory Incubator’ that will help banks develop and test the use cases of the distributed ledger technology (DLT). The initiative was announced on Wednesday, during the FiNETech4 event organised by the HKMA. The emergence of Web3 and its potential offerings to the global financial services was…

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IMF Urges Kenya to Align Crypto Regulations with Global Standards

The International Monetary Fund (IMF) has advised Kenya to prioritise creating a more predictable regulatory framework for its cryptocurrency sector. The IMF also recommended aligning Kenya’s crypto guidelines with global standards. Officials from Kenya’s Capital Markets Authority (CMA) had sought the IMF’s input on challenges related to the future regulatory scope of the crypto industry….

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Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India

The Bharat Web3 Association (BWA), a non-governmental crypto body comprising industry stakeholders, has released detailed guidelines to promote safe business practices for Web3 service providers in India. Chaired by former FICCI Secretary General Dilip Chenoy, the BWA unveiled two comprehensive sets of guidelines this week, focusing on ensuring secure and equitable service offerings. These guidelines…

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How Blockchain Fragmentation Can Limit the Compatibility and Scalability of Decentralised Technology

As blockchains receive continuous fine-tuning and improvements, developers are identifying crucial issues that are restricting the advances in interoperability and scalability of the technology. One such issue is called ‘blockchain fragmentation’. As the term suggests, it refers to a situation where the ecosystem of a blockchain is divided into multiple smaller on-chain networks, each facilitating…

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CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore

CoinSwitch announced on Tuesday, January 7, the launch of a recovery initiative aimed at supporting distressed WazirX users who suffered losses in a hacking incident in July 2024. The initiative, branded as ‘CoinSwitch Care,’ aims to facilitate the recovery of at least ₹600 crore for affected users over the next two years. Eligible WazirX users…

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South Korea’s Jeju Island Said to Use NFT-Backed Visitor Cards to Attract Younger Tourists

Jeju Island, a self-governing province in South Korea, will reportedly incorporate non-fungible tokens (NFTs) technology into its tourism strategy. According to a recent report by South Korean publication Maeil Kyungjae (MK), the island’s authorities are launching an NFT-backed initiative to boost tourism. Starting in 2025, they plan to introduce NFT-powered digital visitor cards offering exclusive…

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Crypto Price Today: Bitcoin Stabilises at $93,000 After Market Correction, Losses Strike Most Altcoins

The crypto price charts reflected more losses than profits next to most cryptocurrencies on Monday, December 30. Bitcoin incurred a price dip of under a percent on international exchanges, trading at the price point of $93,197 (roughly Rs. 79.6 lakh), showed CoinMarketCap. On Indian exchanges, meanwhile, the oldest and most expensive cryptocurrency logged price dips…

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Crypto Price Today: Bitcoin Opens 2025 Above $95,000, Majority of Altcoins See Gains

The majority of cryptocurrencies began 2025 with notable gains, as reflected on both national and international price charts. Bitcoin, on Thursday, January 2, saw a 1.72 percent increase on global exchanges, bringing its value to $95,130 (roughly Rs. 81.5 lakh), according to CoinMarketCap. On Indian exchanges such as CoinDCX and CoinSwitch, Bitcoin’s price rose by…

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KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes

KuCoin is upgrading its systems to simplify crypto payments for users worldwide. This week, the FIU-registered exchange introduced KuCoin Pay, a payment solution enabling merchants to accept cryptocurrency for goods and services. The feature aims to encourage merchants to adopt crypto transactions and allow buyers to use their holdings for everyday purchases. KuCoin claims it…

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CSharpCorner Launches Blockchain Initiative to Connect Software Professionals With Recruiters: Details

CSharpCorner, a global platform for software developers, has embraced Web3 technology to provide authentic verification for job seekers in the IT industry. Earlier this week, the platform launched a new Certification Programme, empowering developers to upskill in advanced technologies and earn credentials that are permanently verified and tamper-proof. These blockchain-issued certifications ensure seamless authenticity, simplifying…

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Google to Update Its Crypto Ads Policy in the UK Starting January 15: All Details

The UK is intensifying oversight of cryptocurrency-related advertisements. To align with the country’s crypto advertising regulations, Google is updating its advertising policies this month. UK authorities aim to ensure that only crypto firms compliant with its legal and marketing standards can advertise to its citizens. Although the crypto sector remains in its early stages, it…

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Crypto Price Today: Bitcoin Trades at $92,000, Most Altcoins See Losses on Last Day of 2024

The overall crypto price chart indicated a slowed market momentum on Tuesday, December 31. After marking a stellar December with a new all-time high of over $108,000 (roughly Rs. 92.4 lakh), Bitcoin’s trading value on Tuesday was at $92,458 (roughly Rs. 79.13 lakh) on international exchanges. Data by CoinMarketCap showed that Bitcoin registered a loss…

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Dubai-Based Bybit Faces Regulatory Action in Malaysia Over Alleged Unlicensed Operations

Malaysia, which has been actively cracking down on illegal crypto operations, has issued a notice to the Bybit crypto exchange. The Securities Commission Malaysia (SC) has instructed Bybit to suspend its services in the country. According to an official SC statement, the Dubai-based exchange has been operating its digital asset exchange (DAX) unlawfully in Malaysia….

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Crypto Price Today: Bitcoin Sees Price Dip, Joins Most Cryptocurrencies in a Market-Wide Correction

The cryptocurrency market chart displayed widespread losses on Friday, December 27, with most major cryptocurrencies facing declines. Bitcoin, the most prominent cryptocurrency, saw its value dip by approximately 2 percent on both domestic and international exchanges. According to CoinMarketCap, Bitcoin was trading at $96,223 (roughly Rs. 82 lakh) on international platforms. Meanwhile, on Indian exchanges…

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What is Hong Kong’s Stablecoins Bill and How Could It Become Law?

Hong Kong is moving swiftly to regulate stablecoins, signalling their potential integration into the region’s financial systems. Regulators have drafted a ‘Stablecoins Bill’ that sets forth mandates and restrictions for stablecoin issuers and advertisers. The bill outlines the necessary steps to ensure consumer protection for individuals engaging with stablecoins—crypto assets pegged to reserved assets, such…

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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud

Police have arrested a 23-year-old MBBS student in Madhya Pradesh’s Indore for sending around Rs. 8 lakh of cyber fraud money to a gang of Chinese youths by converting it into cryptocurrency, an official said on Wednesday. Talking to reporters, Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi…

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Russia is Using Bitcoin in Foreign Trade, Finance Minister Says

Russian companies have begun using Bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are extremely cautious with Russia-related…

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Crypto Price Today: Bitcoin Hits and Recedes From $106,000 Mark, Most Altcoins Trade in Gains 

The crypto market is seeing record gains as Bitcoin’s upward momentum continues to create new benchmarks. Over the weekend, BTC spiked to its new all-time high, exceeding $106,000 (roughly Rs. 89.9 lakh). On Monday, the world’s most valuable cryptocurrency underwent some price correction. At the time of writing, BTC was trading at $104,527 (roughly Rs….

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India’s Need for Pro-Crypto Banking, Roadmap for Base: Interview with Coinbase’s Jessse Pollak

India, securing the top position on Chainalysis’ Global Crypto Adoption Index for the second consecutive year in 2024, has earned widespread recognition for its vibrant and skilled community of Web3 developers. Jesse Pollak, a senior Coinbase official, shares this sentiment, describing Indian developers in the fields of crypto, DeFi, and blockchain applications as highly ‘sophisticated’…

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Donald Trump Appoints Bo Hines as Executive Director of US Crypto Council: All You Need to Know

US President-elect Donald Trump, who pledged during his campaign to position the country as the “crypto capital of the planet,” is already making strides toward fulfilling that promise ahead of taking office in January 2025. In his latest move, Trump has appointed Yale alumnus Bo Hines as the Executive Director of the newly-formed ‘Crypto Council,’…

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Losses from Crypto Hacks Jumped to $2.2 Billion in 2024: Chainalysis

Funds stolen by hacking cryptocurrency platforms surged 21 percent from a year ago to $2.2 billion (roughly Rs. 18,710) in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday. The hacking amount exceeded $1 billion (roughly Rs. 8,502 crore) for the fourth straight year and the number of incidents rose to 303 from 282 in 2023, it said. Hackers had stolen $1.8 billion (roughly Rs. 15,302…

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WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected

WazirX users affected by the July hacking incident may face a longer wait for clarity on compensation. In a recent update, Zettai announced plans to present its proposed financial restructuring scheme to the Singapore Court on January 22, 2025. Zettai, the Singapore-registered entity managing WazirX’s crypto assets, oversees the Indian exchange, which lost over $230…

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Chainalysis Acquires Web3 Security Firm Hexagate to Advance Strategic Growth Objectives

Chainalysis, a blockchain data firm, plans to shift its focus from investigating Web3 violations to preventing them. This week, the US-based company announced its acquisition of Hexagate, a Tel Aviv-based Web3 security firm. The deal, finalised for an undisclosed amount, aligns with Chainalysis’s strategic growth plans for the coming year. Hexagate provides a suite of…

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Delhi, Bengaluru Led Crypto Adoption in India in 2024, Memecoins Garnered Attention: CoinSwitch

CoinSwitch has published an in-depth analysis of India’s crypto trends for the year, revealing that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity. The report also highlights Delhi and Bengaluru as key crypto trading hubs. This release comes amid ongoing discussions by Indian regulators, who have not set a timeline for the implementation of comprehensive…

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Binance Wallet Gets New ‘Alpha’ Feature that Spotlights Early-Stage Crypto Tokens: Details

The crypto sector currently hosts over 2.4 million tokens, according to CoinMarketCap, leaving investors often uncertain about the legitimacy of their choices. Addressing this challenge, Binance has introduced a new feature named Alpha to its wallet service. Announced on Wednesday, December 18, Alpha will spotlight tokens associated with early-stage Web3 projects, offering insights into those…

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Vishvasya Blockchain Stack Being Used to Verify Apps, Property Transactions: MoS IT 

The Vishvasya Blockchain Technology Stack. that was unveiled back in September, is now being implemented across an array of sectors. The development was recently disclosed by Jitin Prasada, the minister of state (MoS) for electronics and information technology (MeitY), to the Rajya Sabha. As per Prasada, this technology stack is enabling government officials across multiple…

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India Blockchain Alliance Partners With RAK-DAO to Promote Cooperation in Web3

India’s Web3-focussed non-government groups are stepping up efforts to establish international partnerships. On Monday, the India Blockchain Alliance (IBA) announced a partnership with UAE’s free zone for Web3 firms – the Ras Al-Khaimah Digital Assets Oasis (RAK-DAO). The aim of this alliance, is to take collaborations on Web3 related education, research, and development initiatives to…

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Racial Bias in Web3, Blockchain Boom in Indian Entreprises: Interview With Polygon’s Sandeep Nailwal    

Polygon, the eco-friendly blockchain ecosystem that was co-founded by three Indian technology enthusiasts in Mumbai in 2017, was valued at $20 billion (roughly Rs. 1,69,744 crore) in 2022. Sandeep Nailwal is one of the co-founders and the COO of the blockchain firm, that competes with the likes of Ethereum and Cardano.  He has been working…

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RBI Governor Shaktikanta Das Highlights India’s Progress on CBDCs in Farewell Address: Key Insights

Shaktikanta Das, who assumed office as the 25th Governor of the Reserve Bank of India in December 2018, concluded his six-year tenure this week. In his farewell address, Das praised India’s tech-driven advancements in enhancing its financial ecosystem. He highlighted the introduction of the UPI payment system and the advanced trials of the eRupee CBDC…

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Kraken Fined in Australia for Legal Violations Resulting in Financial Losses to Citizens

Australia has been tightening its regulatory oversight across various sectors. In the latest development, the country has imposed a $5.1 million fine (roughly Rs. 43 crores or AUD 8 million) on Kraken, the US-based crypto exchange. Kraken operates in Australia through the digital currency platform Bit Trade, which has been instructed by authorities to pay…

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Telegram Groups Emerge as Entry Points for Crypto Scammers, Warn Security Firms

The crypto craze has gained significant traction within Telegram, fuelled by the platform’s introduction of mini Web3 games for in-app entertainment. However, this surge in interest has also attracted crypto scammers, who have ramped up malicious activities on the app. Security firm Scam Sniffer has issued a warning about scammers exploiting Telegram groups to target…

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Mastercard Partners with Floki Inu to Launch Debit Card Ahead of Holiday Season

Global payments leader Mastercard is deepening its expansion into cryptocurrency services with a new partnership. In its latest move, the US-based company has teamed up with the popular memecoin ecosystem Floki Inu. As part of this collaboration, Mastercard has introduced a debit card compatible with Floki Inu tokens, currently trading at approximately $0.0002313 (roughly Rs….

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WazirX Hack: Zettai Requests Court Approval to Present Restructuring Plan for Creditor Vote

Zettai, the Singapore-registered entity overseeing the WazirX crypto exchange in India, is seeking to engage with its creditors following the July hack that resulted in losses exceeding $230 million (roughly Rs. 1,900 crore). In response to the incident, Zettai began developing a financial restructuring plan under the supervision of the Singapore High Court. In a…

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Cardano Foundation Partners Dubai-Based SEE Institute to Introduce Diploma in Sustainable Blockchain  

Cardano Foundation has reportedly teamed up with Dubai-based SEE Institute to create and integrate eco-friendly blockchain solutions into existing systems around supply-chain management, governance, and education among others. In a first-of-a-kind initiative, the partnership also brings to the table a professional diploma in sustainable blockchain solutions. Blockchain forms the underlying technology for cryptocurrencies and the…

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Markets with Evolving Web3 Regulations Offer Exciting Opportunities: Ryan Sungho Kim at IBW 2024

The Web3 regulatory landscape is preparing for significant reform, driven by Donald Trump’s shift in stance on the crypto industry. With Bitcoin surpassing $100,000 (roughly Rs. 84.6 lakh) shortly after Trump’s election win, Web3 stakeholders are optimistic. Speaking at India Blockchain Week (IBW 2024), Ryan Sungho Kim, co-founder and partner at Hashed, the research firm…

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Bitcoin Storms Above $100,000 as Bets on US President-Elect Donald Trump Fuel Crypto Euphoria

Bitcoin catapulted above $100,000 (roughly Rs. 84.67 lakh) for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 (roughly Rs. 84.67 lakh) in Thursday’s Asian morning,…

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India Blockchain Week Returns to Bengaluru, Sparks Dialogue on Security Gaps and Self Custody

India’s Web3 industry leaders have gathered in Bengaluru to discuss the digital renaissance driven by blockchain-based fintech. On Wednesday, December 4, Web3 venture capital firm Hashed Emergent launched the two-day headliner event of India Blockchain Week 2024 in the country’s tech hub. This marks the second edition of IBW, which made its debut in 2023….

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Crypto Price Today: Bitcoin Retains Pricing Over $96,000; Ripple Overtakes Solana as 4th Largest Altcoin

Bitcoin on Monday, December 2 showed a minor gain of 0.35 percent on the global price chart. Over the weekend, the most expensive crypto asset managed to retain its value above the price point of $96,784 (roughly Rs. 81.9 lakh) on international exchanges, according to CoinMarketCap. On Indian exchanges, meanwhile, BTC is trading at $96,206…

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Bitcoin’s Push Toward $100,000 Runs Into a Wall of Resistance

Bitcoin bulls are starting to express some doubts after what seemed like an inevitable march toward a record high price of $100,000 loses momentum. “While we’re seeing strong institutional buying pressure, particularly from entities like MicroStrategy’s continued accumulation strategy, the broader crypto ecosystem is experiencing a diversification of capital flows from both institutional and non-institutional…

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BRICS’ Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump

The BRICS nations are planning to launch a digital assets platform for internal cross-border settlements, a move that seems to have angered the US President-elect Donald Trump. Over the weekend, Trump warned BRICS countries, including India, to prepare for a 100 percent increase in tariff rates if they continue efforts to reduce the US dollar’s…

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Crypto Price Today: Bitcoin Fluctuates Between $94,000 and $96,000; Altcoins Show Mixed Trends

The cryptocurrency market showcased mixed movements on Friday, November 29. Bitcoin saw a slight uptick, gaining less than one percent on international exchanges. According to CoinMarketCap, Bitcoin is currently priced at $96,507 (roughly Rs. 81.5 lakh). On Indian platforms such as CoinSwitch, Bitcoin’s value rose by around one percent, reaching $98,653 (roughly Rs. 83.3 lakh)….

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Crypto’s ‘Middle Child’ Ethereum Flounders as Rivals Gain Ground

Ethereum faces pressing questions over its direction as a rejigged user experience saps activity and fees, stoking uncertainty about whether the blockchain will continue to underpin commerce in crypto. Critics point to a growing reliance on so-called Layer-2 blockchains, built on top of Ethereum to improve otherwise clunky and costly transactions. Layer-2 operators like Arbitrum…

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Taiwan Aligns with India, Japan on AML Regulations for Crypto Businesses, Accelerates Registration Deadline

Taiwan is taking regulatory steps to govern its growing crypto sector. In a recent move, the country has made compliance with anti-money laundering (AML) laws mandatory for crypto firms. With the crypto ecosystem expanding, Taiwan has become a hub for Web3 initiatives. According to Statista, Taiwan’s crypto market is projected to grow at an annual…

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US Court Reverses Sanctions Against Tornado Cash: All You Need to Know

The cryptocurrency sector, currently valued at $3.31 trillion (approximately Rs. 2,79,67,613 crore), remains a niche market striving to establish its place in the global economy. Governments worldwide are still navigating the complexities of regulating crypto activities. Tornado Cash, a crypto mixer, has faced significant scrutiny in recent months due to its role in obscuring transaction…

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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details

President Vladimir Putin’s government is swiftly moving to regulate the crypto sector amid Bitcoin’s historic boom. In a recent development, the Federation Council, Russia’s Upper House of Parliament, approved a bill outlining the taxation framework for crypto assets. Putin has long sought to reduce Russia’s reliance on the US dollar for international transactions, and tools…

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Bitget Crypto Wallet and Foresight Ventures Invest $20 Million in Telegram Mini Apps

Telegram’s Mini Apps initiative has secured substantial funding to advance its integration of Web3 technologies into the messaging platform. Bitget Wallet and Foresight Ventures have committed $20 million (roughly Rs. 168 crore) to drive the growth of Telegram’s Mini Apps, as reported by CoinTelegraph on Monday, November 11. As of July 2024, Telegram reported that…

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Five Charged in US for Crypto Hacking Spree Using ‘Scattered Spider’ Method: Details

The US authorities have charged five individuals with hacking multiple businesses and stealing $11 million (roughly Rs. 92.8 crore) using the Scattered Spider technique. The stolen funds were in cryptocurrency, known for its speed and relative anonymity in transactions. The accused—Ahmed Hossam Eldin Elbadawy, Noah Michael Urban, Evans Onyeaka Osiebo, Tyler Robert Buchanan, and Joel…

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Goldman Sachs Plans to Spin Out Blockchain-Based Digital Assets Platform : Report

Goldman Sachs is looking to venture deeper into crypto-related services. In an interaction with Bloomberg News, Global Head of Digital Assets Mathew McDermott said that the new crypto platform currently under work would focus on facilitating traditional trading and crypto transactions on blockchain networks. The development comes days after pro-crypto billionaire Donald Trump was elected…

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FIU-Nepal Flags Rise in Crypto-Based Money Laundering; Plans to Increase Tracking, Awareness

The Financial Intelligence Unit (FIU) of Nepal has highlighted a rise in the misuse of crypto assets in the country. The agency, which closely monitors the crypto sphere, has said that the laundering of illicit funding through cryptocurrencies has spiked in the country. The Nepal Rastra Bank has released its ‘Strategic Analysis Report’ that claims…

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Crypto Legislation Likely Coming Under Trump, Ex-SEC Chief Says

Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump’s administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday. Clayton also said he favored easing regulatory burdens to encourage companies to go public, remarks foreshadowing broad-based changes in public policy now anticipated by industry, which spent…

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UK to Launch Pilot for Blockchain-Based Digital Gilt Instrument: Key Details

The UK government is advancing efforts to integrate blockchain technology into its financial systems. In a recent announcement, Finance Minister Rachel Reeves revealed plans to pilot a digital gilt instrument in the country. This initiative will utilise Distributed Ledger Technology (DLT), commonly known as blockchain. Gilt instruments, a type of government bond widely used in…

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Coinbase Acquires Utopia Labs, Aims to Speed Up On-Chain Payments

Coinbase is actively seeking to enhance its suite of services. This week, the crypto exchange completed its acquisition of Utopia Labs, a San Francisco-based blockchain fintech firm. The acquisition aims to refine Coinbase’s on-chain payment systems and services, although financial details have not been disclosed. Coinbase’s valuation was approximately $59.49 billion (roughly Rs. 5,02,159 crore)…

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Bitcoin Price Nears $90,000 After US President-Elect Donald Trump’s Victory: What’s Fuelling the Optimism Around Crypto

The cryptocurrency market has seen a massive surge in recent days, following US President-elect Donald Trump’s victory in the recently concluded election. Bitcoin has seen its price rise by as much as 26.55 percent over the past week, while the total market cap of the crypto sector briefly surpassed the $3 trillion (roughly Rs. 2,53,13,310…

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Namechain: The Next Major Project from the Creators of Ethereum Name Service, Explained

ENS Labs, the firm that launched the Ethereum Name Service (ENS) in 2017, are gearing up for their next major project. By late 2025, they plan to launch a layer-2 blockchain network called Namechain, built on the Ethereum blockchain. Namechain will leverage zero-knowledge rollup technology to improve transaction efficiency, reducing both costs and processing times….

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What is the Digital Assets Platform Being Discussed by the BRICS Group?

In October, Russian President Vladimir Putin confirmed that the BRICS nations are in discussions about using digital currencies to reduce Western influence on fintech. Currently, the group is considering the creation of a digital assets platform aimed at reducing reliance on US dollars for international transactions. President Putin has expressed support for this initiative, highlighting…

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Binance’s Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head

Catherine Chen, Head of VIP and Institutional investors at Binance, sat down for an exclusive conversation with Gadgets 360 during the recently held Binance Blockchain Week in Dubai. She highlighted the growing interest in crypto among institutional investors this year, driven largely by the US SEC’s approval of crypto ETFs earlier in the year. In…

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JPMorgan Rebrands Blockchain Division from ‘Onyx’ to ‘Kinexys’ and Unveils New Features

JPMorgan is expanding its alliance with blockchain technology. In a recent development, the US-based bank said it has rebranded its blockchain unit, originally launched as ‘Onyx’, to ‘Kinexys’ to signify its operational roadmap for Web3 adoption. The rebranding brings along an array of new financial products and services with blockchain at the centre. This development…

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North Korea’s BlueNoroff Group Reportedly Targeting Crypto Community Members on MacOS

Cybersecurity firm SentinelLabs has raised an alert over a significant threat targeting crypto community members using macOS. According to their findings, the North Korean group BlueNoroff is distributing fake crypto news to entice users into downloading a multi-storage malware infection onto their MacBook. Dubbed the “Hidden Risk” campaign, this attack has been circulating since early…

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UBS Completes Pilot Project for Blockchain Solution to Streamline Tokenised Fund Services

Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly Rs. 8.8 trillion). Diving deeper into blockchain use cases, UBS teamed up with…

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WazirX’s Nischal Shetty Aims to Build India’s Largest Decentralised Exchange Within 12 Months

Nearly four months after a hack resulted in losses exceeding $230 million (around Rs. 1,900 crore), WazirX is still focused on restructuring its finances and finalising its operational roadmap. In a virtual town hall held this week, founder Nischal Shetty revealed plans to launch a decentralised exchange (DEX) alongside the existing WazirX platform. Shetty noted…

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India, Qatar’s Financial Intelligence Units Partner to Combat Money Laundering through Virtual Digital Assets

Misuse of virtual digital assets (VDAs) for money laundering has been a top concern for regulators globally since cryptocurrencies began attracting widespread investor interest. India and the UAE, two regions seeing significant growth in the VDA sector, have now joined forces to address this issue. This week, the Financial Intelligence Units (FIUs) of both nations…

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China’s Alibaba has Reportedly Slashed Jobs in Metaverse Division

China’s e-commerce giant Alibaba is reportedly scaling back its metaverse ambitions amid the rapid growth of AI. According to the South China Morning Post (SCMP), Alibaba is cutting dozens of positions within its metaverse division, with sources suggesting the company aims to restructure and enhance efficiency. Previously, Alibaba invested $60 million (roughly Rs. 504 crore)…

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Crypto Firms Including Robinhood, Kraken Launch Global Stablecoin Network

A consortium of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the US dollar. The aim of the newly formed Global Dollar Network is to accelerate usage of stablecoins worldwide and promote an asset that provides proportionate economic benefits to its partners, the companies…

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At Binance Blockchain Week, Stablecoins, Asset Tokenisation and AI Emerge as Key Talking Points

Binance stepped into the final leg of its annual community event, Binance Blockchain Week, on Wednesday. The theme for this year’s event is ‘Momentum’, through which the crypto exchange aims to acknowledge the continuous growth of Web3 sector over the last year despite regulatory, legal and technical challenges globally. The Binance senior leadership, including CEO…

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Not Just ‘Hype’ but ‘Genuine Value’: Binance CMO Rachel Conlan Decodes Exchange’s Crypto Marketing Playbook

The highly lucrative crypto sector has a global market capitalisation of $2.32 trillion (roughly Rs. 1,95,03,927 crore), but it does come with concerns, especially because of its volatile and largely unregulated nature. Given the situation, Web3 firms trying to establish their brands are often facing a challenging roadmap to market and bring their services to…

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Microsoft Could Make BTC Investment Progress by December, Despite Board Being Cautious on Crypto

Despite its notorious volatility and lack of regulation, the crypto sector appears to be gaining traction within the global investment community. By December, software giant Microsoft is expected to finalise its stance on adding Bitcoin to its balance sheets. Currently, the company is inviting shareholder feedback to gauge support for exploring Bitcoin investments. This development…

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Crypto Price Today: Bitcoin, Ether See Small Losses as Market Continues to Be Volatile

The crypto market is experiencing heightened volatility amid the upcoming US elections and broader macroeconomic factors. On Friday, October 25, Bitcoin saw a slight decline of 0.40 percent, bringing its global trading value to $67,767 (roughly Rs. 56.9 lakh), according to CoinMarketCap. However, in India, Bitcoin’s value remained stable, trading at $69,022 (roughly Rs. 58…

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Ubisoft Returns to NFT Gaming With Launch of Champion Tactics: Grimoria Chronicles 

Ubisoft has a history of experimenting with Non-Fungible Tokens in gaming, and the company is set to further explore NFT gaming space with a new release. The Paris-based publisher, that makes popular triple-A titles like Assassin’s Creed and Far Cry, launched Champions Tactics: Grimoria Chronicles, a new free-to-play turn-based RPG with NFT integrations, on Wednesday….

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Argentina Rolls Out Blockchain-Based Digital IDs to Residents of Capital Buenos Aires: Details

Buenos Aires has become the world’s first city to launch a blockchain-based digital identity system for its residents. This initiative allows over 3.6 million people to store more than 60 ID documents on the government-backed MiBA platform. Since Sam Altman’s controversial Worldcoin project emerged last year, the Web3 community has been abuzz with discussions about…

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Fintech Firm Stripe Has Reportedly Acquired Stablecoin Platform Bridge For Over a Billion Dollars

The crypto sector, currently valued at $2.38 trillion (roughly Rs. 2,00,08,386 crore), may have just seen the largest acquisition deal of the year. US and Ireland-based fintech firm Stripe has reportedly spent $1.1 billion (about Rs. 9,248 crore) to acquire Bridge, a platform that facilitates stablecoin issuance. Michael Arrington, founder of TechCrunch, claimed in a…

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Robinhood Launches Desktop Platform, Adds Futures and Index Options Trading to App

Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services…

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Fragmented Crypto Regulations Creating Uneven Playing Field, FSB Asia Voices Concerns

This week, the Asia unit of the Financial Stability Board (FSB) convened in Hong Kong, bringing together members from India, Cambodia, China, Japan, Korea, Malaysia, New Zealand, and Pakistan, among others. The meeting aimed to share insights on the financial stability implications of crypto-assets, tokenization, and artificial intelligence across the continent. Co-chaired by Eddie Yue,…

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India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year

Despite its strict regulatory stance on the crypto sector, India has shown notable growth in crypto adoption. This week, blockchain research firm Chainalysis released its ‘2024 Global Crypto Adoption Index’, where India ranked first out of 151 nations. The country leads in overall crypto adoption, centralised service value, and retail centralised service value. Remarkably, this…

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