Cryptocurrency News

13 January

Crypto Markets Stumble Amid Fed Rate Uncertainty

Bitcoin Dips as Strong Jobs Report Puts Fed Rate Cuts in Doubt Fed Pause or Hike? Bitcoin Feels the Heat of Hawkish Projections Jobs Data Jolts Bitcoin: Will Fed Cuts Have to Wait? Rate Cut Delays Slam Bitcoin and Markets: What’s Next for the Fed? Bitcoin (BTC) began the week on a sour note, sliding below $93,000 during European trading …

13 January

Senate to Launch Crypto Oversight Subcommittee Led by Sen. Lummis: Report

In a significant move toward addressing the rapidly evolving cryptocurrency landscape, the United States Senate is reportedly forming a dedicated subcommittee to oversee digital assets, blockchain technology, and associated financial regulations. The initiative will be spearheaded by Senator Cynthia Lummis (R-WY), a long-time advocate for cryptocurrency and blockchain innovation. A Step Toward Comprehensive Crypto Regulation The formation of the subcommittee …

13 January

Indian Crypto Exchange Mudrex Faces Backlash After Halting Withdrawals

Mudrex, one of India’s prominent cryptocurrency exchanges, is facing growing criticism from its user base after it temporarily halted crypto withdrawals. The unexpected move has sparked outrage within the community, with many users expressing concerns over the security of their funds and the exchange’s transparency. The Withdrawal Freeze Mudrex, which allows users to invest in cryptocurrency portfolios and offers a …

13 January

JPMorgan CEO Jamie Dimon Likens Bitcoin to Smoking: A Stark Warning

Jamie Dimon, the CEO of JPMorgan Chase, has once again voiced his skepticism about Bitcoin, comparing the digital currency to smoking in a recent interview. Dimon’s comments, which draw a parallel between Bitcoin’s potential risks and the well-documented dangers of smoking, have reignited debates about the long-term viability of cryptocurrencies. Dimon’s Cautionary Tale During a financial conference, Dimon was asked …

13 January

Singapore Bans Polymarket: Crypto Prediction Platform Hit for Unlicensed Gambling

In a significant regulatory move, Singapore has banned Polymarket, a popular cryptocurrency-based prediction platform, citing unlicensed gambling activities. The decision highlights the city-state’s strict stance on compliance and consumer protection within its tightly regulated financial environment. The Ban Explained Singapore’s Gambling Regulatory Authority (GRA) announced the ban, stating that Polymarket was operating without the necessary licenses required to provide gambling …

13 January

Crypto Mining Booms in Russia: Hardware Sales Triple Amid Promised ‘Light Touch’ Regulation

Russia is experiencing a surge in cryptocurrency mining activity, with hardware sales reportedly tripling in recent months. This spike coincides with hints from Moscow of adopting a “light touch” regulatory approach to the crypto industry, creating a favorable environment for miners and investors alike. A Mining Boom Fueled by Demand The demand for crypto mining hardware, such as ASIC miners …

13 January

NY Attorney General Cracks Down on $2M Crypto Scam Preying on Job Seekers

In a decisive move to combat cryptocurrency fraud, New York Attorney General Letitia James has initiated legal action against individuals and entities accused of orchestrating a $2 million scam that targeted job seekers. This latest enforcement effort highlights the increasing prevalence of crypto-related scams and the ongoing efforts to protect vulnerable individuals from financial harm. The Scam Unveiled The alleged …

13 January

Kenya Moves Toward Legalizing Cryptocurrencies: A Digital Revolution on the Horizon

Kenya is reportedly taking significant steps toward the legalization and regulation of cryptocurrencies, marking a potential turning point for digital finance in East Africa. This move could position the country as a leader in blockchain technology and cryptocurrency adoption on the continent. A Forward-Thinking Approach The Kenyan government has recognized the growing popularity of cryptocurrencies like Bitcoin and Ethereum among …

13 January

Nollars Network Token Hits AscendEX Listing During Active Presale

In a significant milestone for the Nollars Network, its native token has been officially listed on AscendEX, a prominent cryptocurrency exchange, while the presale for the token continues to gain momentum. This development marks a key moment in the network’s growth and demonstrates the increasing interest and support for the project as it moves closer to its public launch. The …

13 January

Crypto Firm Co-Founder Admits Guilt in $9M Wire Fraud Scheme

In a significant development within the cryptocurrency space, the co-founder of a prominent crypto firm has pleaded guilty to participating in a $9 million wire fraud scheme. This plea marks a critical moment in the ongoing efforts to hold individuals accountable for fraudulent activities within the rapidly growing and often loosely regulated crypto market. The Case Details The accused, whose …