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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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

In a groundbreaking move that could set a precedent for other states, New Hampshire and North Dakota have become the latest U.S. states to propose holding Bitcoin reserves as part of their state treasuries. The proposals, which aim to diversify state financial reserves and explore the potential of digital assets, signal a growing acceptance of cryptocurrency within the U.S. government …

Bitcoin’s hashrate, a key metric that measures the computational power securing the Bitcoin network, has recently seen a significant uptick, signaling a growing confidence in the long-term value of the cryptocurrency. This surge in mining activity comes at a time when Bitcoin’s price has been showing signs of stability, leading many to believe that the digital asset is entering a …